S/R Emini Journal

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Quote from 4re:

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?
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Greater chance of a profitable trade. So in a pennant, you'd actually wait for it not to just break out, but to go to a price below the lowest part where the pennant started?
 
Quote from belavia:

Greater chance of a profitable trade. So in a pennant, you'd actually wait for it not to just break out, but to go to a price below the lowest part where the pennant started?
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Exactly, same on a flag or trianlge as well. It is not uncommon for a false breakout even in the way you expected it to go.

still have not gotten the email. I am going to PM you.
 
Finally got set up with my dual monitors, how could I have waited so long! I can now see what I am doing without mouse clicking like crazy.
 
4RE,

I have been following this excellent thread for about a month
and have been trying to understand how you determine your
entries and the ranges you think it will run.

I can see how you picked the 1314.75 long entry for today but
I see some long standing resistance at around 1316. Does
Weds run through this point negate all that?

Also, you mentioned that you use a 15 minute chart when you
determine the entries, and some times a daily. Do you also
use a smaller time frame to find the smoother moves?

Thanks
 
Quote from Chart_and_Soul:

4RE,

I have been following this excellent thread for about a month
and have been trying to understand how you determine your
entries and the ranges you think it will run.

I can see how you picked the 1314.75 long entry for today but
I see some long standing resistance at around 1316. Does
Weds run through this point negate all that?

Also, you mentioned that you use a 15 minute chart when you
determine the entries, and some times a daily. Do you also
use a smaller time frame to find the smoother moves?

Thanks
More...

C&S,
Thanks for the questions. I think I have been asked this before but this time I have a chart which should clear this up.

Question 2, No I don't use a smaller timeframe when charting but I do look at a 5 minute chart while trading sometimes. The 15 day 15 minute is the shortest TF I use for charting.

Hope this helps and wlecome to the journal,
Gary
 

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Quote from volente_00:

They are also known for getting caught with prostitutes. How's that for manners ?

:eek:
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rofl...right! and american men NEVER use prostitutes....:D
 
Quote from tradequicker:

i won't bother this "internet dating forum......just will post each day smiley face for each good trade......stilll waitin g for failure......only 5 good ones today ....of course no failures.....this will be every day.....maybe u will go back to trading talk instead of romancing princessa, vol...since u started pursuing her? what if she is a he, u never want to chat at late hours like u joey and jm and i used to....here is daily report...no more words...only results....huge money on these trades ???? let your mind work on these #'s..............:p :p :p :p :p
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rofl...tq, no romancing here...all trading all the time....
 
Quote from romik:

-2.25

next either long @ 1308.75 or short 1306.25 (double up)
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currently 6.75 pts down after 2 trades (net, as 2nd was double initial position), will wait for the pennant to resolve itself one way or the other and then will take the 3rd trade, it will be the last one if it results in a loss.
 
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