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.
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...
I thought it was time to answer a few rollover questions as asked by EminiEdge followers. Been meaning to get this out for a while and just haven't taken the time. Hope it is useful to you...
Good Trades, Trader Joe
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"Trader Joe" trades the Emini S&P exclusively and is the main influence behind EminEdge.com.
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