Emini Trading Update – Friday 21 Mar 2014 (13:21)
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Weak buying couldn’t break the Emini into 1880’s and we ended up with a Reversal day. And now we’ve put in End of Trend on the 45 minute chart and “Dirty” End of Trend on the 135 minute chart – and the daily chart is playing around resistance. All with lack of demand and Amateur up bars.
We had a couple of great day trading setups, both with End of Trend signals on the 500 tick chart synching up with cyclical Support and then Resistance on the 4,500 tick chart. And that’s what I’m looking for more and more diligently in my own trading – when all the cycles align we get the trend moves setting up with minimum retraces and “heat”.
Good luck with your Emini trading.