The E-Mini Pit
If you currently trade, or are interested in learning to trade, the CME E-Minis, this thread is for you. As opposed to just another market direction discussion thread, our focus here will be on providing a traders resource of specific information on the E-Minis, including discussions of brokers, trading platforms, order types, trading methodologies, money management techniques, futures-specific tax issues, etc. In addition, feel free to post your trades if you like, but please include your reasoning, so we can all learn. Links to charts, articles, seminars, and other message boards dealing with E-Minis or futures trading are encouraged. Also, please check this original post from time to time to see any new links we post here and to check out The Post of the Day, which will be selected from daily contributions to the board.
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A Few Thread Guidelines:
This is a moderated thread, so please respect these few posting guidelines:
1. Please stay on topic. If you want to discuss corn, beans, or stocks, there are lots of other threads for those.
2. Please no bashing, profanity, or boasting of your fabulous trading prowess. Show respect for the folks who wish to post here. Help out the new folks who want to learn.
3. If posting trades or market predictions, please tell us why you are taking that position.
4. Have fun, and help us make this board a valuable resource to Futures Traders.
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POST OF THE DAY:
Message #178 from the-phoenix at Jan 29, 2002 9:02 PM
S&P Chart showing hidden support here:
Here is that 1.272 Fib Expansion showing up again, that I talked about yesterday, this time in the S&Ps on a larger timeframe:
stockcharts.com[l,a]dacaniay[db][pg10!a1098.3!f][vc60]&pref=G
The chart says 1.252, but that is to today's close. The exact 1.272 would be 1097.5, or one point below today's LOD. Note also the horizontal support right here from that November 12th low. Finally, today's close is at the exact .618 retracement of the move off the 1053.6 low at the end of October/beginning of November. And, today's candle and volume met criteria for an exhaustion-type bar, which could also lead to a bit of a bounce from here.
Lemme go check the price on the ES. Might just want to jump in long here after all. Hmmm....
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Key Links for E-Mini Traders:
E-Mini Contract Specifications:
cme.com
E-Mini FAQ: cme.com
Register for Free E-Mini Real-Time Quotes:
realtime.barchart.com
E-Mini Charts (Delayed): futuresource.com
Information on Futures Brokers: elitetrader.com
Futures Trading Free Seminars: zapfutures.com
NFA Home Page: nfa.futures.org
Louis Lambrecht's Pivot Lines Spreadsheet: lvlamb.itgo.com
Tax Site for Investors and Traders: board.fairmark.com
CME 2002 Holiday Calendar: cme.com |
