Archive for the Emini futures Category
Hi All,
After the huge move up yesterday what do we see today?
The market moved higher initially but after an hour or so, we started to see selling.. I came back home around 6.30pm GMT and was watching the 154025 level (which is deemed a good support/resistance from 26th July 2007).
Anyway, as market fell below this I went short at 153975 (best to try and get below round numbers also). The trade went my way initially, hitting a low of 153500 and then rebounded. If I got out at this lev
September 19, 2007
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Hi All,
As the Fed would doing their thing today, it's best not to trade until the announcement is made. When the announcement was made which was a cut of 50 basis points, the stock market shot up!
It was painful to watch it shoot up and not be part of the move (it went up 100 prices!), I waited for a pullback and got one. It went to 152500 and retraced to around 151250 and then I got in at 151800. I rode it up and it did bounce off 152500.. I felt a little uneasy here but left it.. it ret
September 18, 2007
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Hi All,
Just a quick update... I made a couple of trades today.. first one was when the market broke higher. I went long here but unfortunately the market didn't want to go any higher.. I ended up with a -8 loss.
Then I went long at 149500 with a stop at 149350 and a limit at 149950. However, as the market was moving up, I trailed my stop to prevent my profit becoming loss. It eventually hit my trailing stop and I ended up with +8.
However, if I had left it, my target would have been hi
September 14, 2007
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