Emini Trading Update – Monday 6 Jun 2011 (22:44)
I just talk too much – today I wittered on for over 22 minutes as I traded.
My best trade today was one taken pre-open (also traded pre-open on Friday after the employment numbers came out). Got a couple of questions over the last week about trading the European session – and I used to do this more last time I was in Sydney.
The moves are a lot slower – this trade took 1-2 hours to make 3 points – and I also reduce the profit target from 4 to 3 points. But it is doable if you have the patience.
Personally I like the first half hour of trade after the open – I focus, focus, focus and watch every bar for clues. And you find out much quicker whether you’re right or wrong. Which is why I hate swing trading stocks (although I used to do it) – you’ve got to wait days to see if you’re right, and way too much time in between to lose your nerve.
Quotes of the day …
“I am so glad i stumbled upon your site. It is simply the best education on emini trading. Thanks.”
And from Karl M.
“I have been part of teams managing multi-billion dollar FI and FX mandates for pension funds and central banks, I have met some of the highest paid minds in the industry – and I think, from what I have seen, that you stand out in your methodology, discipline, and risk management.”
Good luck with your Emini trading.