Emini Trading Update – Thursday 16 Dec 2010 (17:26)
The Emini continued it’s rally today and Closed up at 1,239. We’ve over-shot the “End of Trend” signal and we’re printing No Demand and Profit Taking patterns – but the market is so strong it’s taking a while to roll over (even a little bit).
Took a small loss on a Short Emini trade early on. But then as soon as the Philly Fed survey numbers came out and the announcement volatility was over, got Long and took out 4 points on my target. Got out way too early on that trade and I should have been waiting for Exhaustion buying volume on a left shoulder. But a profit is a profit.
Good luck with your Emini trading.