Hope you caught the setup(s) this morning right off the bat. Picture perfect and no heat... just the way I like em. Love it when everything comes together and I use the EEdge indicators to point them out so I don't miss them. Remember rule #3 "There's no room for stupid mistakes". This is where the indicators come in, not so subtly poking at me to identify trend direction, entry location, professional and amateur location, start and end of move exhaustion in price and volume, potential turning/stopping areas of structure. I've gotten a few emails recently of traders questioning the indicators and all I can say is this: Work to understand the price action and use the indicators as a guide, confirmation of your read. Stop making it so damn complicated! If you don't like the EEdge indicators or figure you saw something you like better, then stop looking, take off and go for it! I've not seen any indicator set like the EEdge indicators that show long term structure, definite trend direction, entry points to the bar (and tick) including direction and timing, when to enter and when to exit in one place on your screen. Just trying to share what works for me, hopefully it is useful to you.
On another note, taking in some surfing as I planned, nice waves in the afternoon, high tide making the mornings not as good. Trying some different places, some remote and some busy. Mrs. EminiEdge was nice enough to take a moment from the beach and snap a few pics of me on some of the waves. Tough when you are on top of one another but still beats sitting in a cubicle somewhere...
Thought it was time to do an updated video about trading contract rollover on the Emini and what contracts I use when and why. Hard to believe it was only a year ago that I did the last one, seems longer for some reason. Figured I should add a little history and talk more specifically about trading the Friday after roll as well as it depends how this is traded. Tried to give a little instruction that should work for other instruments as well... Neat to know about the history that is futures contracts. Talk about the contracts and how I identify the best contract to trade about the 6 min mark if you don't want to hear about farmers and their cattle... :)
Hope this is useful to you and as always, appreciate the likes and +1s if it is...
Heading into a holiday weekend always expecting a bullish bias for my Emini trading and Friday was no exception. Lower volume and volatility presented in a fairly small 5 point range or so for hours, making slicing out some profits difficult but not impossible if you were patient. In this video I walk through some of my Emini trades and a few I didn't take while nearly whispering as not to wake the natives since it's 6 AM in the west coast timezone, so apologies for the soft tone. Don't forget rollover next week as this makes the Emini trading a bit challenging, especially with a holiday week and the markets closed for the U.S. Labor Day holiday. Review how I approach the roll and which Emini contracts in the "Trading Contract Rollovers Video" here...
Anyway, hope you all got a piece of it!
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"Trader Joe" trades the Emini S&P exclusively and is the main influence behind EminEdge.com.
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