Emini Trading Update – Tuesday 12 June 2012 (15:07)
Tricky trading for me today – just because I made one bad mistake and was getting in too early, instead of sitting back and waiting. Anyway, came out with par once I jumped on board the day’s trend.
And just a remark about the day’s trend – remember, if the market has not reversed by 11am it is likely that the trend will continue. We’d flushed out the sellers early in the day and the uptrend had got pretty far by 11am but not reversed. So for the rest of the day we just kept probing the highs, in choppy trade, as the uptrend continued.
Quotes of the day …
Monday was a day for OSOKs – got a couple of great emails. This one from Derick F.
“Hi Barry, so today I finally got my first ‘one shot one kill’ WOW!! what a feeling and it was all over at 8:33 Chicago time. On the 1500 tick chart right at the open prices wouldn’t cross resistance from the pull back level and when a professional bar was broken to the down side that is when I went short at 1328.75. A minute later my target was hit at 1324.75. I thank you very much for all the great work you have done with these indicators and the videos you put out, they are very helpful.”
And this one from Donovan W.
“OSOK this morning with the break of the amateur bar on the 1500 at 8:37 Chicago time … Without your indicators and coloring I would be looking at an empty chart scratching my head. I feel sorry for those people looking at MACD’s, %R’s, and RSI’s :)”
Good luck with your Emini trading.