Emini Trading Update – Monday 30 Apr 2012 (9:29)
Got that weakness Monday until we found support on the 40,500 tick chart. Which also happened to be an “End of Trend” signal on the 4,500 tick chart – cycle move in higher time frame = trend move in lower time frame.
Anyway, enough of my secret language. We’ve found support and will probably run up tomorrow. Let’s see. Hope you traded well today.
Quote of the day …
Ben in San Diego has been posting his trades on YouTube with some great results:
“Thanks Barry! I had 5 days in a row 4+ points (only caught 4 of them with screen recording on.) I sincerely appreciate everything you do on eminiwatch. What an amazing resource it has been for me. Putting these videos together has given me a greater appreciation of the time you take to help out your fellow traders. Cheers and keep up the good work!”
Good luck with your Emini trading.