EminiEdge.com
  • Emini Trading Plan
  • Trading Indicators
  • Trading Blog
  • Emini Futures
  • Pricing

emini trading blog

Still Sitting on an Edge... an EminiEdge...

1/27/2016

 
Picture
​Greetings all...
Staring at my screen and still see this dang Zebra stomping on my charts.  Thought we would see the break up a couple of days ago, and the longer we sit here the more bearish it is.  Thought the FOMC was going to give us the break up for a nice bounce, and did get that, but at the end of the day it couldn't hold and crashed back down.  The support drawn in last week is still the level to take out and I'm still holding firm that a bounce is in the cards up to the 1950 level, even 2000 if things get really exciting.  Don't get me wrong, still a realist and we are stalling WAY longer than I thought, so I wouldn't be surprised if we pierce the support and continue this dive down.
Picture
Had a few nice setups this morning and got a hold of a few, then stopped before the HUGE rally as I figured with FOMC we'd start to stall out early.  Still had a nice long into support in the first 10 minutes for a couple of points, a short off S turned R 15 minutes later which I choked off too early.  Finally seeing a turn at the DB with a fantastic EE diverge confirmation the uptrend was on and a nice long at 9:35 right in to the S turned R for 8 points and stopped for the day with 10 points per lot.  Of course the move of the day happened a few minutes early about 10:20 with a clean EE and a few aggressive entries once we got moving.  Makes the 8 points look like amateur hour by comparison.  Gotta keep the big picture in mind though and churn out the wins and remember not to get greedy, that'll "get ya"...

Overall the SR zones pulled their weight again and kept us on the right side of the market. If we can get through the 1880, then the 1888 area, all bets are off and up we go.  If not, more zebra or maybe even a penguin, we'll see.

Hope you got a piece of it!  
Good Trades and Good luck,
​Trade Joe

Comments are closed.

    Emini Trading Blog​

    Want to know when there's a new post?
    Finding emini trading articles blog
    EminiEdge doesn't spam
     See Privacy Policy

    Categories

    All
    Choppy Action
    Drawdowns
    FOMC
    Reading HeatMap
    Reading Pros And Ams
    Reversals
    Rollover
    Setups
    Trends

    Author

    "Trader Joe" trades the Emini S&P exclusively and is the main influence behind EminEdge.com.  

    More About joe

    Archives

    March 2020
    February 2020
    October 2019
    August 2019
    July 2019
    April 2019
    March 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015

    Older Archives - Log In

    Training Pricing >>

    Follow Emini Edge Trading

    Tweets by @EminiEdge
    StockTwits
    EminiEdge Trading Commodoties Charts
    How to Trade Emini Futures

Home

About Joe

Trading FAQ

Sign-Up

Contact

Legal

Copyright © 2020
  • Emini Trading Plan
  • Trading Indicators
  • Trading Blog
  • Emini Futures
  • Pricing