The ER2 Trading Journal

Test this strategy now, bought at 662.80 and see if I can scalp for one point. Overall downtrend is still down though, must do fast scalp.

 

It works. 663.70 bingo. Test the other side, short over 663.7.

 

Cat's Paw on Woodie's CCI?

http://tinypic.com/view/?pic=fjn7tg

 

Went long at 664.

 

What is the cat's paw?

 

Reverse the trade to short.

http://tinypic.com/view/?pic=fjnb5h

 

I think it is called Mitten ghost long or short in Woodie's term Mitten is Woodie's cat name. The formation is like the cat's paw.

 

Hi T4, Just wondering how many trades you do on a typical day? Thx

 

I trade a lot, lol. so far today I made 67 trades. I could make much less trade based on the fib lines and support/resistence, but I couldn't resist to take 0.50 profits and reshort again.

 

What do you guys think about ER2? The volume is at all time high today and failed to break 666.3. Isn't this a market top?

From what I learnt, you'll see market top or bottom with the highest volume. I feel ER2 is going to go much lower for the rest of the week unless some good thing happens.
Good trading.