No actually I am not part of the live room.
In the video you mentioned that without even looking at the market
breadth, you took long trades because the "trend was going up." How
would you identify the trend? I mean today was pretty clear, but most
days, we go up and down. How do you identify those trends and figure out
which trades to take?
Emini Addict wrote:
> Great question. The only short setup today was at 902.25 which was
> frontrun by 2 ticks. We were bullish to there, and then the short
> failed. Breadth was ripping out positive, and.. I am always long until
> a lond setup fails. Which didn't happen. Are you in the room?
>
> On Tue, May 19, 2009 at 2:46 AM, Zythyr <zythyr@gmail.com
> <mailto:zythyr@gmail.com>> wrote:
>
> Hey Emini Addict, great video. I have been trying to trade the 50%
> system but I have been really confused. I see them work all the
> time but I get trigger shy of executing the trades. I have some
> questions regarding the trade setups you mentioned in the Market
> Review 05/18/09 video.
>
> In the video, how did you know to take only "long" trades? What if
> you took all the short trades. It is pretty easy to say that "the
> trend is up" at the end of the day, but how did you know that the
> trend was up during trading hours? The market could be moving to a
> strong short area. Before it gets to the short area the trend is
> obviously up. How can you take a long 50% retracement trade even
> when market trades up to a strong resistance area and pulls back down?
>
> Also, one more thanks, your a great guy. I would like to thank you
> for teaching other people on how to trade these setups. I really
> appreciate your help.
>
>
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