S/R Emini Journal

Patricio · Sep 8, 2006

Quote from romik:

I am used to people speaking their mind, in England an overwhelming majority prefer not to,

I think I've done a not so bad Grob impersonation with that paragraph.

I guess my Dutch wife has knocked that out of me then.

4re · Sep 8, 2006

Quote from belavia:

Hi Gary,
What would be considered a valid breakout. i see it is quite out of the pennant to the downside now. Why is now now a good time to be short.

A ture breakout of a pennant or flag does not occur until it has broken from the entire formation. Nothing wrong with trading it early IMO but I trade them based on the rule of probability.

volente_00 · Sep 8, 2006

I'm out at 1306.5

You never know what those 10:30 boys might show.

romik · Sep 8, 2006

1306.25 short as per usual

volente_00 · Sep 8, 2006

The longer we linger
the greater the chance
for the 10:30 short stinger

belavia · Sep 8, 2006

Quote from 4re:

A ture breakout of a pennant or flag does not occur until it has broken from the entire formation. Nothing wrong with trading it early IMO but I trade them based on the rule of probability.

Thanks! Did you get the email.

4re · Sep 8, 2006

Quote from belavia:

Thanks! Did you get the email.

No, I didn't. Actually I might have but if I don't recognize where it is from I delete them. Can you re send it to me. I just deleted a lot of emails

romik · Sep 8, 2006

Quote from romik:

1306.25 short as per usual

-2.25

next either long @ 1308.75 or short 1306.25 (double up)

belavia · Sep 8, 2006

Quote from 4re:

No, I didn't. Actually I might have but if I don't recognize where it is from I delete them. Can you re send it to me. I just deleted a lot of emails

Alright, sent.

4re · Sep 8, 2006

Quote from belavia:

Alright, sent.

I'll be looking for it. Did you see why I don't just enter trades on these formations until I wait for a true breakout?