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"Rocket Man" Tail move hits Emini today...

8/12/2015

 
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The Emini was on fire this afternoon after a quick bottom catapults the market to a higher close.  Trading the market this morning was a little exciting, got a couple profitable shorts and one nice one for 6 points, but was wanting more.  Stretched for 8, but it just wasn't to be.  Sometimes this catches me but that's the trade-off between stretching the profit targets and chopping them off with safe profit.  As the followers know, I am trying to stretch the profits a little more but that's the rub, if you chop the profits you don't have to suffer through the pullbacks, but you guarantee you'll never get the big run either.  In a nutshell, at 1 a decent successful short, but not for much, then I passed on 2 because the Jolts report was coming out.  Had my limit ready but it got away from me before I entered.  Next at 3 and 4, seemed like dandy entries, but it was a bit too strong, a "tell" for the afternoon run.  Took a hit on both, not a great way to end the day.  So I tried one more time at 5, and rode that one for six points, had a little more than 7 but it bounced and bounced hard.  Didn't expect that, thought we would at least touch the bottom support around 2048, but now it looks a long way away.  After the market there were a couple of dandy long setups, but alas, I was done for the day already.  Trades 6 and 7 were picture perfect, right into the zones, but 8 was a little iffy, think I would have passed had I watched it real time...  All in all a fair trading day but hard to read the reversal, for me at least.  One bonus is that the zones really hit the mark today if you know how to read them.  The bottom support level I added after the market opened, that's why that one is a different color, ran out of inputs because of the big day...  At least the level was spot on as well!  Hope you all got a piece of it!  Good Trades -

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