S/R Emini Journal

[volente_00]

Quote from volente_00:

rule of 2 is just fading a move that is 2 points off of a previous support or resistance.

 

[Jander]

that has worked really well past couple of days

 

[CaptainObvious]

Just took a quick 10pts on a YM long trade. Probably exited too quick from the look of things.

 

[romik]

definitely bullish day it will be - M Yoda

 

[TinGull]

Quote from romik:

definitely bullish day it will be - M Yoda

I wish I could think in more definite terms with this market lately.....

 

[volente_00]

As 10:30 looms, will the bulls have the juice to take it higher or will they become victims of the famous reversal ?

 

[romik]

Price action following FOMC paints a bullish picture

 

[TinGull]

Romik,

That was just a knee jerk to the airplane crash in NYC, though...not FOMC. Sure, FOMC minutes led things lower a bit, but that was definitely from the plane crash. It lasted for all of like 1 minute or something insanely short. Would one seriously take that kind of a spike into consideration?

 

[romik]

Quote from TinGull:

Romik,

That was just a knee jerk to the airplane crash in NYC, though...not FOMC. Sure, FOMC minutes led things lower a bit, but that was definitely from the plane crash. It lasted for all of like 1 minute or something insanely short. Would one seriously take that kind of a spike into consideration?

OK, it does not really matter, as both FOMC minutes and that crash reactions are reflected in the charts

 

[CaptainObvious]

Man! If everyday could be like today. 10 up and picked another 10 down. Sweet!