The ER2 Trading Journal

[jessop]

Sammy

I trade the ER2 future thru IB & trade the IWM thru my pension account in the UK.....sweet !!

I use Esignal......I strongly recommend it but it isn't cheap.

Good luck

J

 

[trade_4_living]

Quote from jessop:

Sammy

I trade the ER2 future thru IB & trade the IWM thru my pension account in the UK.....sweet !!

I use Esignal......I strongly recommend it but it isn't cheap.

Good luck

J

Me too use Esignal for data feed. Yes, it is not cheap but quite reliable (need two ER2 points to cover the cost

 

[trade_4_living]

ER2 reached low of 682.8 (that's a nice bottom).

Quote from trade_4_living:

Looking at its chart, ER2 probable has some more room to go down and consolidate. If it happens, here are the numbers:

It bounced from 61.8% (687) to 668s (50%). If it goes down, the next support is at 78.6% retracement at $685.2, then the low of yestreday at 682.5.

If it wants to go up, again, we're looking 694 as a strong resistence.

THis is the inverted Fisher RSI chart along with the fib #s.

 

[trade_4_living]

Quote from trade_4_living:

The Pesavento Map (the white line) says we're heading to 682.5, I hope it happens

I think pesavento Map made a nice guess work last night.

 

[trade_4_living]

Okay, here comes 682.5!

 

[trade_4_living]

very close to the bottom of this uptrend channel (trendline):

 

[trade_4_living]

The trendline:

 

[trade_4_living]

Another look:

 

[trade_4_living]

Nice bounce so far from the low of the day (the bottom 680.6 tested three times), 684.8 appears to be a critical resistence point.

 

[trade_4_living]

Did ER2 go to 689 after 4:30 PM? That's a heck of jump on little volume: