Thanksgiving week is finally behind us here in the U.S. First three days were slow but still offered some nice Emini Trading opportunities. Overall the market is climbing a wall but trades with the trend and fading it at the right time can make the difference between sitting on your hands all day or over trading until your account is blown out. Happily finding peace with the trend direction enough to where there can be profits no matter the direction is my goal.
New updates to some of the EEdge indicators released this week as well. Been working on these for a while and these updates clarify my trading a bit more. I find that I've been calmer watching the action and have a lot more patience to wait for a good setup. Removing even the smallest amount of uncertainty begets huge gains in discipline for me. Can never get enough of that!
Lastly, the video goes through trading on Wednesday before Thanksgiving holiday and how I was reading and trading the action and the EEdge indicators. Attached a real time trade of the last trade, sounds like it was even a surprise to me while I was taking it. All is well that ends well... Hope seeing the real time Emini trade it is useful to you, as I mentioned before it is kind-of a pain to to record these while trading, a bit distracting for me but I'm learning... If these are useful to you I always appreciate a like or +1 somewhere. Appreciate it!
Well the US presidential election is finally behind us. President-elect Trump is busy picking his staff for for the takeover in January, 2017. Not unlike Brexit the results took many by surprise, even those who got the result they were hoping for. Politics is not unlike the environment or the Emini market; If things get too out of whack with the environment, nature will correct itself with a storm, hurricane, tornado or an asteroid to put humans back into their rightful subservient place and correct and wash away the ills of the past. The market will correct with vigor or a black swan event to equalize what the FED, in their infinite wisdom distorted artificially. Years of political corruption, elitism and narcissism will correct with a black swan of another type, a business man with a big stick named Donald Trump. Years or decades of extremism by the out of touch elites can be equalized by a pragmatist. And so it goes.
I have my own opinions on how the market will react to the election that I discuss in the video. Right or wrong it is our job to simply trade the market regardless of what it does. Doing a couple of bug-fixes and updates to some of the EEdge indicators as well, always looking to continually increase my edge. One of the biggest changes is an update to the EEdgeTrend algorithm that recalculates the Trend Lines to give a better support/resistance type feel and gives us more opportunities to hit those sought after reversals as well as the trend trades (about 10 mark). Gotta say, pretty exciting stuff, but only if you like more profits, otherwise its "ehh".
Hope you traded well.
Well, well well. Good things come to those who wait... and the breakdown I've been blathering on about in the last posts talking about "reversals and the EEdge Volume signals" and the one before that "Emini Turns Bearish" seems to be materializing. Had a few great days of trading, even though today the market stayed in an incredibly small range for hours. Nice break below the EEdgeTrend indicator and the HeatMap is confirming a push, so now we wait for the follow through. Took a couple of trades today and included them in the video to show what I was seeing while trading real time. Hard for me psychologically to press the winners, almost seems like that would be the easy part. I guess we all have our own demons.
Anyway, hope you got a piece of it and hope the video is useful to you...
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"Trader Joe" trades the Emini S&P exclusively and is the main influence behind EminEdge.com.
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