Archive for the Emini futures Category
Hi All,
As per my previous post, I was correct about the market moving downwards to Thursdays low.. in fact, it got beyond this low.. the markets aren't looking so good!
Anyway, I stopped trading at about 7pm GMT time and then missed the huge move down. As you can see from the chart, 143200 was a base which I used and it bounced off this to hit the 50% Fibonacci level and then prompted to fall from here. It was a pretty smooth ride down using the 5 day EMA to gauge it.
I made a series
November 26, 2007
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Hi All,
I'm off on holiday from tomorrow for a week or so. I thought I'd make some trade today. The Emini had moved below todays low and I went short. I did this twice and got caught out twice.
The market is heading lower as I write which is rather annoying as I was correct in my analysis but the volatility has made it a nightmare and took me out!
Nevermind... I ended up with -12 today.
November 15, 2007
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Hi all,
Another day with the Emini charts and I was a bit unsure as to where the market was going.. it was pretty much a consolidation day until about now... the market has broken down.
I sold just as the market just made a swing high at 148975 and closed it at 148850.
The next trade was a short at 148775 and I closed it just above the days support at 148575.
In total it was +5 and +9 which made +14.
In hindsight, a long at the support line to 149000 would have been a good trade a
November 14, 2007
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