Trading to win using the Secret Code of the Illuminati

If You Believe in Forever

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Risk and Reward

Markets are dynamic; they have a give and take to them.

If you believe in forever, then it is much harder to accept that both sides have merit throughout the  day.

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As trend traders, we were cautiously optimistic about the short side. The overnight bounce was a beauty…and gave early birds an opportunityto take re entry and manage for intraday position. Entry zone was perfect for the 32 trade. I am not usually awake at that hour, but at 5 a.m.  intuition came knocking and said “get up you lazy bones”.

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I promised myself to use discipline today… and not post on twitter until after the market closed. As I said last night, enough good traders sharing ideas there, and I like to give input but don’t want to be a post-o-maniac.

Blah, Blah, Blah. LOL. Geez, E, give someone else a chance.

Preaching to the choir; most seasoned traders know this stuff already I assume, by one methodology or another.

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Sunday night I posted on our member site that I felt we would test a 1314.75 target this week. Other traders have lower targets, but I suggested today to be conservative on both ends of the short. Use 28.75 test as resistance, and be off by 1316.5. It’s the risk /reward idea… why get trapped being a pig?

“Forever” thinking ignores the reality of enjoying the moment.

Capture profits, say yeehaa.

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15:54  E: eod traders leave it be once stop hit on trailers
15:55 TC 89: great job today E
15:56  E: ty tc
16:03 TC 89: gn all
16:09  E: be well all
16:09  E: gn
16:12 Kuva La: gn all
16:12  E: 09:54  E: if we get above the 25, longs may want to try the 28.75 previous support
16:12  E: 09:54  E: so those are 2 key resistance areas
16:12  E: 09:58  E: yes any high odds traders manage now be off by 28 i think
16:13  E: 10:04  E: then if we rotate
16:13  E: 10:04  E: xxx the 16
16:13  E: 10:04  E: but cannot count on it
16:13  E: 10:20  E: more is gravy is plan

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Stream One

Note : All are welcome to contribute to the #EMWS, even if you are not a member. We expect all remarks to be professional, courteous, and respectful of others. Our attempt to share our methodology includes embracing other traders and supporting their style as well as our own.

I appreciate your cooperation.

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@Maven__ @NiceTrade @HumbleDukes @FlowTraderES @QQQQInvestment @mctweet770 @vkligys @TraderSmarts @jotuk6771 @chewtonic thanks all #EMWS

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Swayin to the music…

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