S/R Emini Journal

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Thanks Romik.

Gary, Ive taken your tip and started applying everything to stocks. It seems to work really well, although the market has helped last few days.
Did you find yourself as profitable trading S/R in stocks, and if so, for what reason did you quit. Is it the lack of leverage.
 
will go long 1298 if hit

long 1298, usual rules

this might be a good long for the day, MIGHT, as hourly has nice bullish divergenes present, daily is at the bottom of ch, lower BB.
 
Quote from belavia:

Thanks Romik.

Gary, Ive taken your tip and started applying everything to stocks. It seems to work really well, although the market has helped last few days.
Did you find yourself as profitable trading S/R in stocks, and if so, for what reason did you quit. Is it the lack of leverage.
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I did pretty well on stocks and every once in a while I will find one to play. I still like to play IBM best. I did Nokia last year and sold it for $6.00 profit. And did an options play on CAL recently. So I do still look around for them some.

I am glad to hear this same method is working for you in stocks as well. Just remember a chart is a chart. If you can read one you can read them all.
 
Quote from belavia:

What do you think of trading this.
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I think your charts are pretty. I must have the ugliest most drab charts a trader has ever used.
 
current long is supported by hourly chart, that features bullish divergences in RSI and CCI and Histogram.

Current plan is to offload at 2 point gain 3/4 of position and leave the ramainder 1/4 and hold for 1304 estimated PT based on divergence.
 

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