Hello EminiEdge'rs...
So FINALLY got the break up we've been waiting for FOREVER it seems and talked about in the Sitting on an Emini Edge post and the Emini Bounce video. The strength started overnight and continued this morning, not even offering a decent pullback but showing us a pre-breakout pause instead at our Resistance turned support at 1900. I had a long bias into the open and was itching for an entry as I mention in the video of the attached trade. If you weren't quick you got left in the dust with only a couple of re-entry opportunities on the way up, followed by a couple of hours of sideways "chop you up" action. Ended up +19 points per (3) lot and only took the one trade and called it a day. Time will tell if this is a bottom and a permanent break into an uptrend or a retrace into a longer term down trend, but really we don't care, let's take profits no matter what the market gives us, that's our goal. Noticed I'm talking really soft recording the first part of the video, not sure why, must have been tired... Anyway, hope this is useful to you, and if so, feel free to drop a +1 or share, always appreciated! Good Trades, Trader Joe Comments are closed.
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Author"Trader Joe" trades the Emini S&P exclusively and is the main influence behind EminEdge.com. Archives
March 2020
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