Emini Trading Update – Thursday 26 May 2011 (10:04)
Well 1,312 held today and we got the gap fill back up to 1,327. I was really hoping we’d break down – but markets never travel in straight lines. Plus, rarely seen so many Professional bars buying the third test of the Lows.
I’ve just tacked on my first 2 trades of the day – the rest were really scrappy and would make the video too long. Should have stopped too with +4.25 in the bag – but I just thought we’d collapse and wanted a piece of that.
Every day in the market is a learning day.
Quote of the day …
Great email from Keith R. who got the “one shot, one kill” today …
“I know it is probably ‘old hat’ to you but I have been psychologically trying to get into trades earlier and hold longer to improve my bottom line. I now tell myself ‘if I see a setup I will take it …’ and ‘when I see an exit signal I will take it …’ to keep from hesitating on an entry and chopping off the winners too early.
With the Better series setups now visible in my sleep (directly because of viewing your videos over and over and over, so my wife says :-)) I had my first (of many to come!) ‘one shot, one kill’ (short) from 1318.25 to 1314.00 today (positive slippage!). Four minutes and done … who wouldn’t like that?
Of course, all attributable to you, your hard work on the Emini-Watch site, your indicators and your willingness to share with the rest of us. Thanks a million! Also, thank Mrs. Emini-Watch for me, as our significant others endure an endless amount of ‘babble’ from us traders … Please keep up your great work!”
Mrs. Emini-Watch says “Hi and thank you for the recognition”.
Link of the day …
Off topic, I know. But this just makes my blood boil. Not only have Corporations bought off the Political system, the Military, the Education system, etc. Now they’re busily buying off the Judicial system.
“Oh, this is just an isolated incident of a couple of judges” – I hear you say. More likely just the greediest and dumbest ones who got caught. Trust me, there are more out there – ruining young lives.
The more time rolls on, the more I am convinced that the only way to purge the System is with a Revolution and you know what I say:
“Come the Revolution – you’ll be first up against the wall – bop, bop, bop.”
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