S/R Emini Journal

Status
Not open for further replies.
Quote from 4re:

Never really considered doing it automatically. It has been brought up before but I wouldn't know how to do it anyway. Plus I enjoy actually doing the trading myself.
More...


I'm papertrading with Interactive Brokers and ButtonTrader. I think it's similar to Ninjatrader.

You can build strategies with set entry, stop en target points. Even multiple lots with different strategies.

I love to trade as well, but I miss the morning allways because I'm at work. I'll papertrade your system mechnicaly for the next few weeks. We'll see if it works.
 
Quote from 4re:

I know where you are going with this so I'll just lay it on the line for others to understand. It basically goes back to late last week when I posted no trades for the week. Someone suggested that maybe I change my method in order to be able to trade the market at hand.

Yes, I have plenty of tools at my disposal. I decided not to pull them out last week though. I would have gotten several trades in but I would also risk getting caught up in a money losing period for a lot of people called the chop. I didn't feel it to be in my best interest to risk this so I stuck to my plan and didn't trade. A lot of people that lost money last week were the first to say I played it right. I don't just trade for the sake of trading. I weigh the risk/reward and decide the BEST time to trade.

Is that about right?
More...

bravo! good for you, gary.

good trader always assesses risk. sometimes the best trade is no trade at all....
 
Quote from rverheyen:

Is this a bull flag?

How do you play this?

Entry above the top of the flag (1321.00)?
Or breakout of the flag?
More...

Sorry, I had to leave for a little bit but yes it was and that is where I would go long as well.
 
Quote from princessa:

bravo! good for you, gary.

good trader always assesses risk. sometimes the best trade is no trade at all....
More...

Thank you, I appreciate it. And to let all of you know me and another guy are getting a training session together. I hope it all goes well.
 
Just to let ya'll know the next resistance is 1328. Look out for that one. A breakout of it could take us up to the high in May at 1343 or thereabouts.
 
Quote from mista_investa:

Now....Does Volume play a big role as well as s/r
More...

It does to me, I like to see good volume come right after price breaks support or resistance. Same with chartpatterns.
 
Looks like it's all over but the shouting for today. Let's hope the activity keeps up and we don't go back to the doldrums again.

Missed a little of it today, because I had to go out, but all in all it was good.

I wish the same for you all.

Alex
 
Status
Not open for further replies.
Back
Top