Insights on trading Emini Futures from a serial day trader
Monday, July 12, 2010
7/12/2010 One trade
Today only saw one really good trade. The entry was at 2:06 at a price of 1074.50. this was a Simple stochastic divergence trade. price makes a higher high but the stochastic did not. The entry occurs when the red dots are painted. The two point target was achieved.
On a larger time frame, responsive buyers were present at the 1066-1068 area and as long as that holds the momentum remains to the upside. Its been a slow grind higher for more than a week now and there is no sense in fighting the trend. Good luck tomorrow traders.