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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