S/R Emini Journal

[4re]

Lets see if this pennant formation will work. If so re entering at 1337.75 would look very nice.

 

[rverheyen]

Can this setup qualify as a bull flag?

The arrows point to the flagpole. This is > 2 points so a valid entry?

What do you guys (and girls) think?

PS: I was typing this and didn't notice 4re last post.

 

[chopper1967]

Quote from Spooz Top:

gap & grind up to squeeze shorts like an anaconda...........FOMC will provide & nice sell i believe.............target of 43 or close to it should be hit & the retrace foe some profit.................there u have it FWIW......my fomc prediction.

steve b..........not porgie

btw.....sld 36.75...................covered at 35.50 & .75...........

Why do you think FOMC will provide a sell, do you think they will raise rates?

 

[4re]

Quote from 4re:

Lets see if this pennant formation will work. If so re entering at 1337.75 would look very nice.

Damn, Thar she blows...I gotta get going.

 

[4re]

Quote from rverheyen:

Can this setup qualify as a bull flag?

The arrows point to the flagpole. This is > 2 points so a valid entry?

What do you guys (and girls) think?

PS: I was typing this and didn't notice 4re last post.

You could look at it and chart like that if you want. Nothing wrong about it. IMO

 

[Spooz Top]

Quote from chopper1967:

Why do you think FOMC will provide a sell, do you think they will raise rates?

does`nt matter what they do.........if we get to the target 41-43....big boys should look to take some profit....even if it`s 3 to 5 handles...i`d like to be a part of it.

spooz 41-43 also coincides with dow 650 hi.......good time to take some off table.............this whole move up there is an objective with out a doubt.....that`s how futs work.....when there is an objective it`ll be hit before a reversal will take place no matter what.

nice job ,G....on a reenter.

 

[4re]

Quote from Spooz Top:



nice job ,G....on a reenter.

Only problem is I could not take it only call it. I gotta get going. Again, this time for real.

 

[TinGull]

Quote from Spooz Top:

does`nt matter what they do.........if we get to the target 41-43....big boys should look to take some profit....even if it`s 3 to 5 handles...i`d like to be a part of it.

spooz 41-43 also coincides with dow 650 hi.......good time to take some off table.............this whole move up there is an objective with out a doubt.....that`s how futs work.....when there is an objective it`ll be hit before a reversal will take place no matter what.

nice job ,G....on a reenter.

I love the way you think

 

[Chart_and_Soul]

Question for Gary-

If a long is triggered and goes up 1 point before pulling back enough to stop out the trade, would the next long entry now be the high of the day (one or two ticks beyond that) or still the original number?

Thanks,
C&S

 

[sportmatt37]

It looks like an intraday top is forming. I would be wary of any longs before the fed meeting