Sometimes things just don't go right. Today was one of those days for me – internet connection problems and no perfect Emini day trading setups.
Tick bar charts are great and I rave about tick charts here. But they're computationally intensive – particularly my longest time frame, 40,500 ticks – and they take a while to load. The internet connection where we're staying is not rock solid and this caused me to miss this afternoon's trade.
And my Emini day trading technique is discretionary – some would say too discretionary! I rely a lot on "End of Trend" warning signals. Sometimes they are just beautiful and it amazes me how they can pick the high or the low of a trend move. And then sometimes, like today, they just come up a little short.
Anyway, if you're interested here's a video showing the less-than-perfect setups for a Long trade in the morning and a Short trade in the afternoon.
If you're reading this article via email or RSS reader, then follow this link to view the Emini day trading video on the website.
HIGH DEF VIDEO – MAY TAKE 15 SECONDS TO LOAD
The Practicalities of Emini Day Trading (8:02)
Good luck with your Emini day trading this week.
