Nook Neck Traders,
Quick update this morning as I just want to get my thoughts out for the trades I put on. Note that there may be more but when you get your four points per contract in the first half-hour or so, unless it is a fantastic setup, might be better to call it a day and go surfing early.
The trades here show jumping in and out of an already exhausting trend and as such short leash (quick profits) are recommended. The important thing to note is why you are jumping in and out, if it's just price, not good enough. If the reason is that there is an exit signal or worse yet a reversal signal against your position just dump it, it's all about preservation at that moment. Stay limber and make sure you are not blinded by your position, be open to the possibility that things have changed and your move is done, at least for the moment. For those old schoolers that purchased the EminiEdge Trading Manual E-Book" and not looking at the EEdge Indicators, there was also a picture perfect EE showing up on the second exit (about 9:15 AM Chicago) that is shown off the screen capture that screamed "Get Out"...
As always, hope this is useful tou you. If so, I'd appreciate a share somewhere, have these dandy little buttons down the side of the sreen for your convenience (or bottom on mobile). Don't be shy, I appreciate you taking the time!
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"Trader Joe" trades the Emini S&P exclusively and is the main influence behind EminEdge.com.
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