Daily Commentary on the Emini’s
Two trades today. I missed the big move up this morning. I will put links to the charts later today. Chart 1 Took a long fter price failed to break prior low. Target set for a conservative 12571. Chart 2 Since price had a big move to 262% of initial range and had hit a big number (600) and had not closed above 600, I went short for a conservative target of a pullback to 38%. See Today’s Results
Posted: January 31st, 2007 under YM Commentary.
Comments: none
Took 3 trades today and all were fib trades with conservative targets like prior high/low or 62% retrace, but no expansions. The days leading up to the fed meeting generally have tighter ranges. Hence a more conservative approach works better. See Today’s Results
Posted: January 30th, 2007 under YM Commentary.
Comments: none
Took 4 trades today. The first was a breakout for a conservative 9 pts. The second was a counter trend trade with a target of the magic 12520. I also reversed at this point for 12 pts (38 R/T). I took a second short from 12520 for another 7 pts. See Today’s Results
Posted: January 26th, 2007 under YM Commentary.
Comments: none
Two trades today. I forgot to setup the screen capture, so no screenshots. The first was a breakout of the day’s low with a target of the .62 fib projection. The second was a fib retrace with lots of confirmation. The target was a 100% fib expansion hedged with a fib projection. See Today’s Results
Posted: January 25th, 2007 under YM Commentary.
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Three trades today. The first was a counter trend after a fib expansion was completed. Target was a 38% retrace of the move. 
The second was a breakout attempt for a small loss.
The third was a classic fib entry that almost got stopped out. 
See Today’s Results
Posted: January 24th, 2007 under YM Commentary.
Comments: none
No trades today. Working on charting software.
Posted: January 23rd, 2007 under YM Commentary.
Comments: none
2 trades today. The first was a breakout. The second was a counter trend trade because price had hit the 62 retrace of the multiday up move. 
See Today’s Results
Posted: January 22nd, 2007 under YM Commentary.
Comments: none
No trades today. I’m writing a new charting program.
Posted: January 19th, 2007 under YM Commentary.
Comments: none
Four trades today. Still over trading and am premature on entries, but profitable anyway.
This is a screen shot of the chart layout that I use. In the future, I will take a screen shot just as I enter a trade, so you can see what it looked like to me at the time of the trade.See Today’s Results
Posted: January 17th, 2007 under YM Commentary.
Comments: none
