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TheNegotiator

Day Trading the E-mini Futures

By TheNegotiator, in E-mini Futures

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TheNegotiator    13

TheNegotiator
Posted (edited)

Okay, so I think the idea is that Draghi is broadly but cautiously upbeat and in typical ECB president fashion, he won't precommit to anything in particular. See what happens, but my expectations are that we will be waiting for NFPs now. Nothing earth-shattering here. (would point out that the Q&A is not actually finished yet though)

 

Edit: sorry, forgot to say it's onto fed minutes before NFPs.

Edited by TheNegotiator

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TheNegotiator    13

TheNegotiator
Posted
Doesn't scare me .

 

Not saying it should :) But it's more info to decipher. If there's a decent level there, hold and it could reverse, break and there could be a decent continuation. Of course whether either of those 2 scenarios holds up is also info. Good luck anyway. You've already printed +13 ticks!

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bakrob99    11

bakrob99
Posted
Not saying it should :) But it's more info to decipher. If there's a decent level there, hold and it could reverse, break and there could be a decent continuation. Of course whether either of those 2 scenarios holds up is also info. Good luck anyway. You've already printed +13 ticks!

 

 

OK I give up... I'm happy enough to exit at the VWAP which was my target anyway.

 

Thanks for the heads up - I was just goofin around .. that's all !

 

R

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TheNegotiator    13

TheNegotiator
Posted
OK I give up... I'm happy enough to exit at the VWAP which was my target anyway.

 

Thanks for the heads up - I was just goofin around .. that's all !

 

R

 

Arrrggghhh! Here are those 52's. Still, you make a call and make the trade. Either way a nice little trade.

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bakrob99    11

bakrob99
Posted
Arrrggghhh! Here are those 52's. Still, you make a call and make the trade. Either way a nice little trade.

 

Yuup, but you can always get back in ! This does have the potential to go all the way back down to 1436 area in my books.... but I am not going to trade until the FOMC minutes come out. Now going to walk the dog.

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TheNegotiator    13

TheNegotiator
Posted

Unfortunately I'm not going to be able to trade for much of this NFP day (:angry:) but there you go. Oh well. I thought I'd post a chart though for you guys to take a look at. Should back though sometime this afternoon. Good luck to all!!

 

attachment.php?attachmentid=31813&stc=1&d=1349430870

5aa7115356ecb_10-5-12PRE-NFPDAY.thumb.jpg.bf2d9dc7a65de600ad187bb9f5ff93c2.jpg

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bakrob99    11

bakrob99
Posted
...Good luck to all!!

 

To the Tina Turner tune ... What's luck got to do with it... go to do with it ...

 

Only thing I need is patience and execution when I see one of my 5 setups. Then it's more patience. Then take a profit or get stopped. It's simple. Not lucky.

 

But... thanks anyway.

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goodoboy    10

goodoboy
Posted

long 1461.50

 

Reason:Price action is trending up and buying on a retracement. Waiting to see if current high of day 1464 will break through and next resistance is 1468. So target is 1468.

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goodoboy    10

goodoboy
Posted
long 1461.50

 

Reason:Price action is trending up and buying on a retracement. Waiting to see if current high of day 1464 will break through and next resistance is 1468. So target is 1468.

 

breakeven on that, no long again at 1462.75

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goodoboy    10

goodoboy
Posted
breakeven on that, no long again at 1462.75

 

well, -1pt on that. This opening look weak, or maybe overbought from trending up the last two days. I am on sidelines now. Maybe even call it a day!

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