The ER2 Trading Journal

[losloslos]

er 666.1 long s-7 t 22

 

[lynx2004]

Quote from trade_4_living:

One interesting observation I have is, for the past couple weeks, shorts covering their postions in the last hour on every Friday.

yes .. and also lately it seems to gap up Monday mornings...

 

[trade_4_living]

Your RUS$ 38% retracement is the pivot for ER2 at 665.7.

 

[lynx2004]

Quote from losloslos:

er 666.1 long s-7 t 22

i see your RUI charts...do you trade the er2 basis RUI? why not RUT?

 

[trade_4_living]

I've another trading signal

Compare ER2 and ES 1 minute chart in the same window. If both crosses, ER2 is a BUY.

 

[trade_4_living]

This is the ES/ER2 comparision in the afternoon.

 

[losloslos]

rui extrapolation for eod

 

[losloslos]

rui extrapolation for eod wC

 

[trade_4_living]

And this is the ER2 and ES chart in the morning. ER2 always trades above ES on 1 minute chart when the day is bullish, when both get a kiss, buy ER2. When the day is bearish, ER2 always trades below ES on 1 minute chart, short ER2 when they are touched.

This comparision also tells you if the market is bullish or bearish. If ER2 always bounce up after touched ES, it is bullish.

This is the morning chart:

 

[trade_4_living]

This is a chart two days ago when the market was bearish in the afternoon. Short ER2 when it kisses ES.