Wednesday, August 13, 2008

Emini Day Trading - Floor Number Consideration

what-where were your trades during this period? in terms of method - what-where is a possible trade that may have been done that would be the 'worst' setup that occurred?



green dot: floor number reject with mex flow-ttmf hook - through the 738.20 paa price AND into the channel break2 --- that was the setup BUT the trade done is still into the yellow line breakout - it's a pivot entry -vs- pivot trade because of the reject with mex flow up component.

yellow dot1: did you do this trade - maybe calling a yellow line reject? this is the 'worst' setup of the period - this is a reject-breakout against mex flow-into the pmd high AND the blue line 739.30 paa price resistance.

red dot: paa price pmd high startpoint - left-right price break as a pmd swing reverse-initial reverse WITH left side diagonal breakout potential-room to the floor number.

blue dot: this is a right side reject of left side price with mex flow down-matched price failure break - BUT it is also right into the floor number --- IF you read this setup additionally as a failure break setup of the floor number you can take the trade - i would have tried this in that context if flat.