Emini Trading Update – Wednesday 7 Mar 2012 (19:49)
Well the magnitude of yesterday’s sell off took me by surprise. But today we’ve recovered some and are coming back to the break down level (around 1,356).
Looks like we’ll have some good daily volatility going forward, as the market decides whether we’ve topped out in the 1,370’s.
Questions of the day …
This question from Brad M. is answered around the 5:30 mark in the video:
“What is the reason you’ve chosen to follow the time frames in multiples of 3 (4500, 1500, 500) versus multiples of 2, 4 or 5?”
And this question from Tim H. is answered around the 7:50 mark in the video:
“Barry, I have a big problem sitting thru ups/downs to get 4 pts. Do you have any advice for scalping: time frames, targets, etc.?”
Good luck with your Emini trading.