Well Well! Shorts were signaled all day long until the last hour today if you were patient to wait it out. It was slow enough that the entries were painless to enter and once in, the market was kind enough to not back up on us hardly at all. Only took 1-2 points per swing, except swing 4 and 5, which were worth a couple of ticks, but enough to buy us lunch anyway after commissions. The S/R zones were spot on and we had no false signals. Seven entries would be pushing it for me, as once I hit the 11 AM time I start looking out the window and only took the first 3, but still a great morning if you stopped by then. Every single entry showed a EE w/divergence today... if they all could be like this, 100% hit rate! The consumer sentiment report caused a little bump but the pros used it as a reason to trap a few amateurs before reversing back up to the comfort of the zone. It's been a fairly quiet week and pushing up to the top of the all time highs on the ES (adjusted), but today was such a low range day, at least in the morning, with only about 3 points until early afternoon. EminiEdge Traders did just fine today anyway, extracting our points methodically, even out of this minuscule range... Just goes to show that size doesn't matter! Okay, maybe that's a little over the edge :) Yesterday I wasn't on my game and ended up just under break even before I stopped. Some days you're just not on and need to stop before you hurt yourself. When you can't find your groove, just walk away... Nothing good usually happens when trading in the fog. Just put your head down and go to work the next day.
A quick note for those of you who haven't noticed, we recently released the updated version of the EminiEdge Trading Manual e-book to the site and is FINALLY now available for purchase and I'm quite proud of it. These 7 entries today were basically variations of only two setups and are outlined exactly with pictures on pages 25-27 of the manual. I decided to celebrate a bit with the release of the manual and am offering a discount for 1 week for those who are thinking of jumping but need a little push. Also by popular demand, there is now an "EminiEdge Traders Bundle" now being offered that gets you all of my indicators, plus the EminiEdge Trading Manual, plus a month of the EminiEdge Zones direct to your mailbox the day before, plus I threw in the EEdgeVerticalTimeLine5 indicator, which marks up to 5 times on the chart for reference and they can't be moved by accident like a freehand drawn one. These are a really handy visual to remind you where you are during the trading day and I use them everyday. If you would have followed the setups taught in the manual along with the EminiEdge Zones today, you would have gotten your manual paid for already! Not trying to sell ya, those that have been with me for a while know I'm not a bull shooter but a straight shooter, just telling it like I see it!
Hope you all got a piece of it today and had a good weeks trade.
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