S/R Emini Journal

yeah yeah, I hear you laughing at me. I don't really pay attention to a lot of news either. They have added sooo many conferences and meetings and this and that, blah blah blah. Most of it don't mean squat it is just something to help keep somebody on the payroll at some office. IMHO...LOL

 

Price just made a higher-high. Looks like we are going up.

 

Given all the R you're facing, you'll have to maintain a fairly wide stop.

 

Did anybody else play the second trade? I got 1.25 points on it so I have my 2 +commish money.

4re

 

My copy of Zen and the art of Poker is tattered and worn. It also has about 100 post-it notes sticking out of it!

I'm with Jimmy, it's an excellent read for trading.
MiniDowTrader

 

Tried. Didn't get filled . . .

At least I know the S/R levels I'm looking at are important somewhere outside my head.

 

Actually he built his fortune on trading before he started teaching. Big difference, Franz...Know what I mean...

 

I'm done for today, but if I were still long my stop would be at about 1264.50 (until another lower-low is established). Next resistance levels are at 1274 and 1279, provided price can break 1272.50.

 

I think they probably are. I was noticing a bull flag forming on the 3 minute chart when it decided to pop out of it. My alarm went off and next thing you know I was out of the trade. I like those.

 

Thanks for the update.