Trade 1: filled and now short 1 sep emini (1198.50) stoploss placed at (1206.50), profit target of 1182.50 for the moment, so this is a 2-1 trade, risking $400 to make $800.. short and prepared to stay short unless stop or profit target is hit.. update later.. catching up today on lots of things..
short and waiting, needing a nice drop.. market opened at 1204, made a daily high of 1206.25, made a daily low of 1193.25, i then sold the little bounce rally at 1198.50.. watching for a new low to be made on the day, if so, should be no trouble dropping into the 1180's.. sitting and waiting..
staying short overnight, not much action after my entry, made a low of 1192.50 and bounced slightly, market closes in 15 min, for a short period, then remains open throughout the night (for the most part)..
trade 1: short 1 sept emini (1198.50), stoploss at (1206.50), profit target (1182.50)..
trade 1: short 1 sept emini (1198.50), stoploss at (1206.50), profit target (1182.50)..
looks like ill be stopped out with a loss, 1204.50 now the high.. however i am working on a daytrading idea now.. any thoughts on this woofdaddy or anyone.
Fading the early counter move, happens almost daily in this manner. Pre-Market and early market activity usually has the market either up or down on the day, enough to tell you whether it should be an up or down day.. meaning you either have buying or selling pressure..
Lets say at 8:30 am cst, big board opens and futures move from 1198 to 1204, this is upside pressure, then about 20-45 minutes into the day, we get the counter move, market drops back to 1196, we would then buy this counter move down, thus going with the initial market direction..... we would then place our stops a reasonable distance away and enter the trade, seems like 4-5pts should be able to be taken from the market almost daily,,, resulting in a $200 profit per contract held.. I used to use a form of this type of idea, a couple yrs ago... going to give it a shot again, soon..
Fading the early counter move, happens almost daily in this manner. Pre-Market and early market activity usually has the market either up or down on the day, enough to tell you whether it should be an up or down day.. meaning you either have buying or selling pressure..
Lets say at 8:30 am cst, big board opens and futures move from 1198 to 1204, this is upside pressure, then about 20-45 minutes into the day, we get the counter move, market drops back to 1196, we would then buy this counter move down, thus going with the initial market direction..... we would then place our stops a reasonable distance away and enter the trade, seems like 4-5pts should be able to be taken from the market almost daily,,, resulting in a $200 profit per contract held.. I used to use a form of this type of idea, a couple yrs ago... going to give it a shot again, soon..
