S/R Emini Journal

Hey gary,
just curious why your short level is so high compared to your other daily ranges in the past ?

 

Because yesterday was a trend day it left use with a support level that was not the LOD. Here lately it seems like the LOD from the day before kept getting used because the range was so small. As we get more trend days the little chart patterns I see today often times will provide use with a support or resistance level for tomorrow.

 

For me I still use the same 2 point target and 2 point S/L. But you can calculate the flag pole if you want to. It is really up to you.

For stocks I think your suggestion is a good one.

 

So gary did you short at 1123.25 were you had your short target?

 

No, I didn't even know it got hit. I just got back from taking my son to school and brought up my charts. I doubt with the low volume if I would have even gotten filled on it since it just barely got hit. But I am ready now.

 

Do you put a limit order in or enter manually for all your orders?

 

I use Ninja Trader so I use the the Stop Market order for my entry and a Limit order for my exit unless I need to get out of a trade early and then I just use the Flatten All

 

I am short at 1323.25

 

I have a sneaky suspicion I am not going to win this one but I will stick to it.

 

An eternal optimist I see