Emini Trading Update – Thursday 19 May 2011 (7:56)
Top of the market today (so far, I’m posting this at 9:38am) was marked with a beautiful “End of Trend” warning signal on the 1,500 tick chart and with a “Flush” signal. Trouble was – it coincided with the Existing Home Sales and Phili Fed Survey data release. I wasn’t expecting the fireworks we got and had a lousy entry. Still, eked out 3 points out of a move that was 8 points top-to-bottom.
Quote of the day …
From Tom G. – combining the Better indicators with fractal (repetitive) patterns:
“I am new to your site and software maybe 4 months. I love it. Your commentaries and daily trades have helped me so much it goes beyond saying. I use your software along with market fractals … wow the returns are way beyond anything I have done in the past. Your nightly videos have really help nail the fractal tops and bottoms down to the tee. I can document 4/5 trades in the past 2 weeks that have well into double digit returns. Awesome job!”
Tom, thank you for the kind comments.
Good luck with your Emini trading.