Emini Trading Update – Monday 9 May 2011 (23:09)
We spent the first 2 hours of the day testing down. But we’d had “End of Trend” on the 4,500 tick chart and so I persisted with trying to get long. It certainly tested my patience and then finally went my way.
But – as usual – took profits way too early. Was out for 3 points on my last trade and it went for 8 points and a beautiful “End of Trend” signal on the 1,500 tick chart.
I sure hope someone else got more out of that move than me! Still, ended the day up 3.75 after 6 trades. Hence the video is a little long I’m afraid.
Tomorrow we’ve got another “End of Trend” lining up on the 4,500 tick chart – but this time on the highs. Should be an important potential top. Also expecting more range.
So the battle lines are drawn – break 1,350 and we’re into a strong up trend or break 1,335 and we’re into a strong down trend. Should be fun – I know what I’d like.
Quote of the day …
Got some good feedback from the weekend’s video. From Byron A.
“Hi Barry: I’m starting to sound like a broken record. Weekend’s video belongs in ‘Best Of’. I hope you realize how much GOOD you are doing for people all around the globe. Thank you.”
If you’re reading this article via email or RSS reader, then follow this link to view the Emini Trading video on the website. Good luck with your Emini trading.