S/R Emini Journal

Discussion in 'Journals' started by 4re, May 15, 2006.

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  1. #4961     Sep 14, 2006
  2. Just one of those tighter range days so far that you play the edges.

    Look how the YM "delta" was showing clean divergence near the highs before the dump............

    http://www.charthub.com/images/2006/09/14/YM_317.png


    Selling the 11635 level during the big red downstroke candle would have been real good, as the previous candles low was touched with "red rain" on the T&S (you can see those dumps on the T&S very clear as the delta is shifting).
     
    #4962     Sep 14, 2006
  3. I played the breakout of the triangle. Long @ 1329.75. It reversed and I got stopped at -2 points.

    After the trade I noticed the channel (red line) and $TICK was > 1000. This loss could have been avoided. Even better, taken short it could have turned into a profit (don't know if I would have the guts to go short in this case).
     
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    #4963     Sep 14, 2006
  4. #4964     Sep 14, 2006
  5. TinGull

    TinGull

    5P, does the Market Delta really not work well for the ER2? That's what I like trading and was hoping that would help me with the trades. If it won't, then I'll have to just continue along with what I'm doing.

    Thanks!!
     
    #4965     Sep 14, 2006
  6. I tried to give a "heads up" warning about that price area earlier.....sorry.

    *********************************************************************

    5Pillars


    Registered: May 2006
    Posts: 778


    09-14-06 12:24 PM



    --------------------------------------------------------------------------------
    Quote from romik:

    nice one, thanks. But wouldn't you say 10k in comparison with over 500k already traded does not really say much.
    --------------------------------------------------------------------------------




    No it is showing that we have a lack of interest and no "accumulation" yet ----- more like overall equilibrium with sideways range chop at this point of the day.

    Also, there is a bunch of sellers between 1329.00 and 1330.00 that we would need to get through to get a real push today.


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    #4966     Sep 14, 2006

  7. Yes it still works but you have to be aware of the commercial action that can cause huge spikes at times (when everyone trading the ER2 in every chatroom on Earth are all asking.....WHAT WAS THAT MOVE FROM.....news, news, anyone? :D ).
     
    #4967     Sep 14, 2006
  8. romik

    romik

    Nice trade there 5P!

    Me, I remain defiant in the face of danger, until the time the channel is broken to the downside.

    Thanks for the warning, nice to see quality stuff on this thread.



     
    #4968     Sep 14, 2006

  9. No problem.....this thread has been real fun (good attitudes here....I love that!).

    I will call it a day now.........SHORT runners with stops at B/E + 1 tick.

    :)
     
    #4969     Sep 14, 2006
  10. Rebalancing can cause a move down, from now to close with an equal bounce at 1600 although it may start slightly earlier. Will be interesting to watch if there is any movement.
     
    #4970     Sep 14, 2006
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