Emini Day Trading Blog

Tag;Emini Did a couple of experiments with mixed results. Then a breakout trade with yesterday’s low as a target (12121). It actually went slightly beyond the fib extension of 12116. This suggests that the fib extensions are watched by many traders and therefore are fairly accurate forward indicators.See Today’s Results

Tag;Emini The big trade was jumping on the down trend after the 10:00 news. The target was the fib extension. It actually made the fib 62% of yesterday(12160). I also tried a countertrend trade and a straight forward fib R/T , both for break even.See Today’s Results

Tag;Emini The breakout trade continues to work. The second trade was a standard fib R/T Dr Jeff trade. The third was another Breakout, but reversed after an 8 point gain. I got out at break even.See Today’s Results

Tag;Emini Two breakout trades today. I lost patience with the second one and exited early. It went on to hit the target (of course). This breakout method is working quite well so far. I may write an article about it for the websiteSee Today’s Results

Tag;Emini Had a good long on a breakout. Then a couple of b/e trades during the long trading range.See Today’s Results

Tag;Emini Just a b/e trade today. Entered on pullback from 10:00 news. Should have gotten out at 62% R/T of today’s down move, but instead I moved the the stop to break even.See Today’s Results

Tag;Emini More negative news for the economy led to declining prices. Shorted at the 62% R/T of opening gap. Then reentered on a breakout which went 10 points and reversed for a b/e trade. Tried an experimental entry (short), but gave up after there was no movement for 5 bars. Then took a long trade […]

Tag;Emini I decided to go short after there wasn’t a close above 12148, which is a multi-day 62% retracement. Reentered short after today’s move was retraced 62%.See Today’s Results