Emini Trading Update – Tuesday 18 Oct 2011 (24:29)
First of all an apology for the “test” post – I was testing a new video format and hit publish by mistake. Sorry about that.
Anyway, we’re back at 1,230 – it felt like a massive short covering rally or blow off move or something. We’ve broken above our congestion zone, again. And the cycles are still there. So who knows, I’ll keep focussing on the micro and just take my setups.
How to Subscribe to Podcast Updates (3:30)
Just a short video about watching Emini-Watch on Android and iPhones. Finally figured out how to do this on my Android phone after about 6 months of trying – duh.
Quote of the day …
From Jason (fellow surfer) who took the same short trade at the beginning of Tuesday …
“After what felt like a bun fight yesterday with the market and scraping 1.5 points after numerous trades, this one today felt particularly sweet for 4. Should have waited for the end of trend and not the best entry but we had many blue bars into Sine Wave resistance at 1999 on the 4500 chart. Even though I had to take 2 points + of heat I felt comfortable as your brilliant indicators showed the way in EminiWatch text book fashion. Amateur bars into the End of Trend with a nice Flush to finish off on the 1500 chart.”
Good luck with your Emini trading.