Ni Hau Traders!
Hope your trading is going well. Awesome break of resistance into an initial uptrend as we forecast. I love it when a plan comes together! Review of a few different charts in this video including the ES, Bonds and Gold along with some multiple time frame setups. It was rollover week so had a little less interest on some of the days later in the week and decided to step aside on Friday, as apparently many did. Wednesday and Thursday had some interesting setups that showcase the EEdge indicators all too well. As the title of this post suggests I discuss selling low and buying high, or vice versa depending on who is trading where. Both are happening, buying and selling at the high and buying and selling at the low and I had a couple of rants about this very subject. I guess the moral of the story is to keep your emotions in check while trading, and if you can’t don’t call me, I’ll call you… Didn't your mother ever tell you "If you don't have anything nice to say, don't say anything at all"? Always listen to your mother.
Quick video to start the week talking about some short term trading scenarios using some long term patterns. Nice when things line up. Important not to get married to a bias, be flexible and willing to switch if the action warrants. My trading is a formal set of "if-then" statements, probably a hold-over from my programming days, but I always know what the trades setup is with the information at hand. if it changes, it changes, don't predict just react.
Anyway, looking for a bit of volatility this week, let's hope.
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...
Hidey Ho Neighbors...
A callout to anyone who knows where that reference greeting comes from! Anyway, finally a day that moved! What a dismal couple of weeks. Scratching around to come up with a point or two in this crud, reversing and whipsawing as it went. Yuck. If you struggled a bit in this chop don't dismay, pull back and look at the charts and see where you could have done better or worse. It's important to keep perspective and not change your plan every time you run into a rough patch. Trust your plan. If you have done your research it will work out.
Today was finally one of those breakout days from the open just buy and walk away. Had a few nice setups for entries and exits that I call out in the video. The EEdge Indicators did their work and gave us some notice what was happening as usual. Hope it is useful to you. If so, feel free to share a link to our blog on your favorite site or drop a like somewhere. Always appreciate the shares and others who don't know we exist might appreciate your generosity so you have my blessing, share as you like...
Emini Trading Blog
Want to know when there's a new post?
EminiEdge doesn't spam
"Trader Joe" trades the Emini S&P exclusively and is the main influence behind EminEdge.com.
Older Archives - Log In
Follow Emini Edge Trading