Attached is the summary for today. Strong trend down today but there was only 1 signal hit which was long ER at 648.4 for +5pts bounce up. Can't complain. I am happy with the result.
Budd..... Thank you for your journal. Iôm going to start following your Emini Fading system but would like to know how to calculate your zones. Your help is appreciated Susana
The Zone % calculation is base on similar ideas of those Jackson zones. Do a google search and you will find out. Attached is tomorrow's RoadMap.
hey bhuddabless, chuc mung nam moi, good to see you back. Will follow the levels and see how things go. Best of luck!
Elitetrader website was down last night so I could not post anything. Here is the recap of yesterday results which were 4 winners and 3 loosers.
looks interesting, thanks for sharing. Just one question. Where are the exit and stop once you enter the trade?
My stops are as follow: YM: 25pts Es: 2.5pts NQ: 5pts ER 2pts As for exits I know you are smart enough to figure out for yourself. It is hard for me to tell people where to exit since everybody trade differently with different size contracts. There are so many different ways out there to make a mechanical exit systems.
Honda, The short lline for ES is 1335.75. Price went to 1334.25 which is 1.5pts away from the line. My rule of thumb is price have to come within .75pts of the line for ES to trigger the trade. So I cannot count this as a trade. But I hope you made some money on it.