Going over a couple of days here, explaining my charts and what I entered, and what I should have entered... Some good, some not so good... Sorry if the video is a little long, have a tendency to ramble on sometimes.
I'm all about powering through the trading day with intensity and fire... BUT, it is important to mentally take a break once and a while and keep your psyche in good health as well. Be sure to enjoy life along the way while you're trading!
After a rocky start had a nice move this morning, hope you all got a piece of it. I had two trades this morning, first was a bit early and I ended up dumping the position for a one tick loss. A few minutes later had a beauty of a "Hurl" setup, almost a "Dirty Hurl", almost in slow motion. Ended up taking six points per lot out of the run, and sat and watched it go for at least ten before pausing! If there is one thing I need to work on it is trying to stretch the winners even more. This used to be even harder and I have improved, but I have to keep the pressure on myself and push even more. I was able to catch the second entry and I'll post it here. Recently I put up a little survey just to see what type of posts EminiEdge followers prefer. I'ts hard to catch video while trading, it is a little distracting. Received a few responses already and I'm going to keep this open for a while so take a few seconds and let me know what you think...
We watched as the Emini flopped around a bit this morning until finally committing to run higher. With no reports today, the trading was light, only .86 million contracts traded. The internals are pointing to an overbought condition and it might be time to consider some puts, but I'd sure like to see a little exhaustion volume first to really stop the rally or it would feel like stepping in front of the train. The VIX is also in "sell" territory so we should be on our toes for a sharp pullback before continuing higher. Sure seems like we should be expecting some bearish action to me tomorrow, especially early or even in the overnight before the open. Today I took a couple of dandy trades, one short and one long right at the S/R zones. The third setup (long) was "iffy", so I don't know if I would have been able to get a piece of the entry, would have had to be pretty quick. Looking forward to a little volatility tomorrow, though with no reports of note again, probably be more of the same... Good Trades
Well Well! Shorts were signaled all day long until the last hour today if you were patient to wait it out. It was slow enough that the entries were painless to enter and once in, the market was kind enough to not back up on us hardly at all. Only took 1-2 points per swing, except swing 4 and 5, which were worth a couple of ticks, but enough to buy us lunch anyway after commissions. The S/R zones were spot on and we had no false signals. Seven entries would be pushing it for me, as once I hit the 11 AM time I start looking out the window and only took the first 3, but still a great morning if you stopped by then. Every single entry showed a EE w/divergence today... if they all could be like this, 100% hit rate! The consumer sentiment report caused a little bump but the pros used it as a reason to trap a few amateurs before reversing back up to the comfort of the zone. It's been a fairly quiet week and pushing up to the top of the all time highs on the ES (adjusted), but today was such a low range day, at least in the morning, with only about 3 points until early afternoon. EminiEdge Traders did just fine today anyway, extracting our points methodically, even out of this minuscule range... Just goes to show that size doesn't matter! Okay, maybe that's a little over the edge :) Yesterday I wasn't on my game and ended up just under break even before I stopped. Some days you're just not on and need to stop before you hurt yourself. When you can't find your groove, just walk away... Nothing good usually happens when trading in the fog. Just put your head down and go to work the next day.
A quick note for those of you who haven't noticed, we recently released the updated version of the EminiEdge Trading Manual e-book to the site and is FINALLY now available for purchase and I'm quite proud of it. These 7 entries today were basically variations of only two setups and are outlined exactly with pictures on pages 25-27 of the manual. I decided to celebrate a bit with the release of the manual and am offering a discount for 1 week for those who are thinking of jumping but need a little push. Also by popular demand, there is now an "EminiEdge Traders Bundle" now being offered that gets you all of my indicators, plus the EminiEdge Trading Manual, plus a month of the EminiEdge Zones direct to your mailbox the day before, plus I threw in the EEdgeVerticalTimeLine5 indicator, which marks up to 5 times on the chart for reference and they can't be moved by accident like a freehand drawn one. These are a really handy visual to remind you where you are during the trading day and I use them everyday. If you would have followed the setups taught in the manual along with the EminiEdge Zones today, you would have gotten your manual paid for already! Not trying to sell ya, those that have been with me for a while know I'm not a bull shooter but a straight shooter, just telling it like I see it!
Hope you all got a piece of it today and had a good weeks trade.
Finally! After a lot of countless hours writing, editing,and proofreading the newly updated EminiEdge Trading Manual e-book is available for immediate download on the website! If you've ever wanted to know how, where and why I enter trades every day, this is for you. This updated version now includes charts and descriptions on how my charts are setup, how I get ready for each trading day and what I look for in my setups. The setups are detailed, with chart examples, so you can learn the how to enter and exit with stops of 1 point or less. When to take profits and why? It's in there... Go long or short? It's in there... Really the "meat and potatoes" of trading, no fluff, no sales gimmicks, just real trading instructions to help get aspiring traders on their way. As an introductory offer EminiEdge.com will be offering this trading manual e-Book at 30% OFF for the first few traders. This won't last long so if you ever wanted to learn how to trade the Emini Futures, now's your chance. Click to the "Pricing" tab to get yours at this intro pricing....
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