S/R Emini Journal

IMHO placing a time stamp on a trade is not a great idea, if the signal is still valid. I've held an intraday position for 5 hours (not an exact figure) once.

 

Anybody catch that run from the fed release?

 

I was short from last Friday, got lucky I guess.

 

Buying the S2 at 1354 with a 4 point stop was a wild ride.

I've bailed on half at 1357 and have the stop on the remainder at break-even or 4pm.

I thought I was a goner when that plane hit and we dropped down to 1351.

Sometimes you do get a little lucky

 

I caught it both directions, Up for the month. Probably going to sit out for this consolidation.

 

hard to beleive several traders didn't try to short that huge bounce that never fell back

 

Spooz were loaded with resting buy limits at area 51......locals cleaned up big time.......this was true testament to the strength of the republicans......i mean the market with a
hammer like that without getting confirmation of the entire story...............sick!

 

Are you still short or did you cash in enough?

 

Still short , I was still just 1/4 position in, so it wouldn't have been sexy enough of a profit. I do believe the way the charts look as a direct reaction to the FOMC, tomorrow or Friday we should see some nice range to the upside, I am planning on playing the long side when this happens and adding to the short around 1370 mark.

 

Good deal. You know I wish you well on this one. I hav been so busy this week it isn't funny. I have used 2 tanks of gas in my car this week so far. I haven't really missed the day trading though. I gues the way the market has been going so far it would not have been that great for me anyway.