Emini Trading Update – Tuesday 10 Apr 2012 (10:34)
Back into it but slow getting this update out. Time change here in Sydney messes up my schedule, so I’ll push back the email delivery of the updates by an hour and give myself more time to get the video out.
Sell off day and on big volume. After a range day like today we usually get a consolidation or range bound day – so that’s what I’ll be looking for tomorrow. Then a bounce up on Thursday – we’ll see.
Question of the day …
From Nico C.
“You talk about having a 4 point stop and profit exit. Is that as in 4 points (16 ticks) or 4 x 0.25 points or in other words 1 point?”
The 4 points is 16 ticks if you like thinking about it that way – $200 per contract in dollar terms. I use tick bar charts in my trading, so referring to stops and targets in “ticks” would be confusing. Hope that answers the question.
Don’t miss: Exiting Trades: Profit Targets & Stop Losses
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