Archive for the Emini futures Category
I came back home to find that the market had already moved quite a bit into positive territory when I got home. Ideally, one would look to buy at any dip.
Anyway, in the 5 min charts, there was an opportunity to short the market here, the price action looked like it had made a short term high and stochastics were looking to turn. I shorted as it moved below 148500 at 148475. As I was trading against the main trend of the day, I was extra cautious and want to get out at the first level which I
December 5, 2007
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I only made one trade today which was a buy at 147375 which was the support level. I targetted 147750 but got a bit spooked and sold out at 147650. However, if I had left it, it would have made the target.. eventually.
There was another time to buy when the market again hit the support level but I didn't trade it.
Later on around 8pm, the market broke towards the downside. This was a fake breakout and it shot straight back up again... the only clue here was the positive divergence which fo
December 3, 2007
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Ok, first trade was a long at 148550 as the market breached the previous swing high, this was initially profitable as you can see in the chart but I had my hopes on a higher target at 148925. Unfortunately, the market made a high at around 148750 or so before it tanked taking out my stop loss. If I had got out, I would have taken around 9 prices here.
Second trade was a long again at around 148100 as this looked to be a base. Once again, I targetted the previous target at 148925.. It went as
December 2, 2007
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