Emini Trading Update – Wednesday 19 Oct 2011 (21:46)
Discussion today about trend moves morphing into cycle moves (congestion). After Tuesday’s trend up move we needed to digest this on Wednesday morning – before moving into a down trend move.
I was looking for trend breakouts early on – and shouldn’t have been. Should have been playing the ranges instead. But we finally got the breakdown after midday and that paid off – but it was a 2 hour wait.