Posts Tagged emini

A perfect symmetical Head and Shoulders pattern on the S&P?

A perfect symmetical Head and Shoulders pattern on the S&P?

Today, I saw the perfect Head and Shoulders pattern on the S&P and got very excited. Look at the diagram, the 3 red dots signify the shoulders and head. I have read about this pattern in technical analysis books and in most cases, they signify a reversal pattern. I was looking at the chart moving up to at least 1388!! Anyway, I went long at the second shoulder.. the market moved 2 points up my direction.. it was looking good and then tanked, breaching the limits of the second shoulde

May 28, 2008 No Comments Full Story

Emini trading – profitable but could have been more!

Emini trading - profitable but could have been more!

I went long at the break of the previous high in the S&P at around 1378... I actually got in at 1379.48 due to the spreadbetting spreads which you pay rather than their commission charges... they move their spreads about meaning that you can lose half a point (in S&P terms) per transaction... and upto a while point when doing a round trip. Anyway, the market went up and I got out at 1381.53 (I actually closed when the chart reached 1382 which was my target exit) for the equivalent of

May 27, 2008 No Comments Full Story

Emotional DOW trading hindrance! Back to the S&P?

Emotional DOW trading hindrance! Back to the S&P?

Today was a bad day for me to trade.. I didn't feel right, I felt a bit fed up with the whole trading thing. I see periods when I am doing ok and periods when I am doing lousy and altogether, I am not sure if I am making progress or wildly stabbing in the dark. Anyway, back to the DOW today. I went long at 12754 and got stopped at 12736 for a loss of -36. Once again, I went long at the top of the pullback.... Then I read the comment from Stephen McCreedy (thanks for the comments in a

May 21, 2008 No Comments Full Story

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