nice reversal hammer on the emini S&P today. will go short at 1264.75 , exit hopefully at 1255 or 1255.50
well, it happened the above mentioned bi-lateral trapezoid paid off with a large move on the s&p into yesterday's bond auction. At precisely 1 pm EST yesterday (thurs.) the bi lateral trapezoid morphed into a 3 legged parrellogram. This sudden technical swap forecasted yesterday's reversal. I looked at my computer screen this morning and thought for a minute that a large twin peaked aureola had formed, then I realised that I had accidently left my browser on the Ampland porno site. By the way this is great site to go to during boring Market spells, HUHUHUHUHUHUHHUHUHUHUHUHUHHUHUHUHUHUHUHUHUH. ....Rennick out
well it didn't go to my target price. oh well. I'm out at 1257.50 ... 7.25pt on 4 contract....not bad for a day.... good trading for you all
Choad, buying dips, yes, but also selling the strength. In this current market, it seems to be working pretty well. To be very bearish or very bullish has not be very rewarding lately. As even more important in trading than in life, being an agnostic not a bad place to be.
Brilliant trade, just brilliant!! (I won't mention the fact that you decided to get out before your target was met, just 2 ticks from the bottom, while you waited until ES had went 12 pts the other way before posting your result...Shhhh, mums the word!)