Emini Trading Update – Friday 9 Mar 2012 (14:27)
Nice little One Shot One Kill (OSOK) trade this morning, looking for a final pop. Then the market topped out with high average trade size going through.
The video discusses not being afraid of extreme buying (and Exhaustion Volume patterns on Better Momentum). The trend isn’t going to reverse until at least a bearish divergence signal pops up on the 1,500 tick chart. So buying a breakout can work out.
Next week is going to be interesting. We’ll get our End of Trend signal on the 135 minute chart. Plus get some resolution on the direction of the risk on/off charts. And a projected Bradley Siderograph turning point on Friday.
In case you missed yesterday’s video on Continuous Contracts and Contract Rollover.
Good luck with your Emini trading.