Emini Trading Update – Thursday 26 Jan 2012 (10:40)
Huh, well that was just like yesterday. Took my OSOK 4 points and then by the end of the day there was another 13 points in that direction! I just don’t have the DNA to hold – “don’t get greedy, get out” is my moto. Apologies for the sound being low on the video.
With the Apple numbers, Benny B.’s comments and today’s pop and drop at 9am it does feel like the Pro’s are using this to take profits. Still looking for that PullBack to End of Trend on the 135 minute chart – we’ve got it one time frame down, on the 81 minute chart.
Quote of the day …
After my rant on Sunday, I’ve been getting some great emails. Thank you – and only 1 request for the Better X-Trend password! This is progress 🙂
Anyway, here’s one of the best from Michael J.
“I realize you get inundated with emails … here is just a testimonial and thank you for such a great indicator package. I have tried all the others, from stochastics, moving avgs, bla bla bla. I am in a popular day trading room and they are now reliant on my calls for entries. Many hard headed folks out there are resistant to change platforms, which I will never understand but I wanted to personally thank you for your great work. I started a simulator account on Tradestation and went from 50 k to 250 k in 2 months. I realize my fills might be better than actual but I usually exit early to account for that. I am going live soon, and you have changed my life. This is unbelievable … you rock.”
Indicators are just indicators – it’s how you read the market and react to what you see that counts. But thank you Michael.
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