The market only does three things... Go Up, Go Down or Sit Sideways...  Easy!

What a day yesterday!  Hope you got aboard a few shorts.  Even though I didn't have support zones down that far to begin with, I had to scramble to get some S/R zones after we opened up and kept going.  Most were still in play today, as I expected a chop or another poke down with a reversal short term to trap some amateurs for a little rally up.  Attached one of my trades, stretched it for +6 per lot.  The trade today was textbook for the most part, though I hat to sit through pullbacks. That is still one of my problems, having the entry, having the exit, then the amateur in me comes out and sits on my shoulder, poking me, saying "come on, you got a profit, ring the bell and go home!".  Well, working on stretching the profit out a smidge, and getting more comfortable with it.  Sometimes it burns me but it is what it is...  Tried a little different format for the video showing a bit more of my setup area.  Hope it's not too hard to look at.  I'll be taking a little time off for the 4th of July, but expect we're going to get a rally here into the holiday, so hold your shorts on a tight leash!  :)  In case you're wondering, still working on my trading manual, turns out it is harder than I thought to get a clean format, but it's progressing...  Good Trades!

Had some real nice trades set up at the S/R zones today like clockwork.  The professionals defended the initial resistance zone we pegged at 2100 on the emini-S&P futures contract, amateurs trying to break out three separate times until they finally were thrashed all the way to the 2086.25 zone TO THE TICK!  That's near 14 points before getting an EE (Emotional Extreme) indication and an exit signal.  There was actually an excellent reversal entry signal at the exact bottom for a fade or reversal if you were short from earlier.  Had to have nerves of steel to jump in front of it, BUT with the EE divergence, it signaled clear as a bell...   I took a few stabs at the short earlier and was already done before the big drop happened, Ahhh to have the patience to sit there for the big moves...  Someday!  This pic also shows the EEdgeReportAlert indicator nicely, showing that the professionals used the report to trap all the amateurs long before taking it down.

Expecting a bit of chop to up today and saw a couple of common setups today.  The psychology of the market, ie. the traders trading it, are consistent day after day with their emotions.  Picked up the quick little short for 3 pts, more in it, but have a tendency to get shook out early if it's slow, it wears me out.  If I have to improve on something, that's it, my Achilles heal...  At this writing, still chopping away, nice for some fade entries...

Good Trades 

The market just wanted a break, and so it got one.  After rallying a bit off the open, the pros shoved it back down in between the support and resistance zones we predicted yesterday and kept it there all day.  We took a couple of bites and ended up with a few points, but as usual, got a little impatient and stopped for the day before we reached the support zone...  Oh well, at least the zones were spot on!  If you had the patience to trade the day, the zones would have been easy profit points in both directions...  I'm still experimenting with headsets and software so sorry the audio or video may seem a little funky...
Good Trades

The Emini gapped open today but ran into a bit of a snag at the 2122 level, right where we pegged the top resistance for the day.  Caught a nice chunk of this little reversal today as shown in the attached video.  Had a couple of continuation shorts and a long earlier in the morning as well.  Since putting up EminiEdge.com, this is the fist time I'm playing with the video in the blog so be gently with your criticism.  Takes a little bit of concentration to rattle on (I'm talking really fast for some reason) while still trying to manage trades properly.  Since I changed the format a bit for the video, I managed to erase most of the blog history here...  I'll try to go back and add some relevant ones but since I can't find any other way besides adding them one by one, it may take a while...

Good Trades