Emini Trading Update – Monday 27 Jun 2011 (21:37)
Well we didn’t get the break today and my “Black Monday” fears didn’t pan out. Took a Short entry pre-open, trying to anticipate a break down – but got out when we got “End of Trend” warning signal on the 500 tick chart along with exhaustion buying and RAMBO patterns (shown in the video).
The video is long – took 6 trades in all. Pleased that I didn’t decide to die in a ditch over the potential break down and actually took 5 Long trades after the initial Short.
I’m fighting the trend a little less these days – the reason? I’m paying more attention to Exhaustion + Divergence patterns on Better Momentum. Interesting, it’s encouraging me to keep on jumping in, with the trend.
If you’re reading this article via email or RSS reader, then follow this link to view the Emini Trading video on the website. Good luck with your Emini trading.