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, please post your trades, 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. 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 #2133 from the-phoenix at Mar 5, 2002 4:41 PM
Hell's Triangle on the S&Ps:
15/30/60 minute charts show a descending triangle at a top on the S&Ps today, also known as "Hell's Triangle":
hardrightedge.com
Today's highs encountered strong resistance from the 200 day ema in the S&P 500, precisely where the January rally failed:
We also reached my measured target for the NQ Inverted Head and Shoulders today. I had figured that the height from the Head to Neckline was about 80-85 points and the neckline was broken at around 1435-1440 which puts the target of the move at around 1520-1525.
This high came right at the 100 day moving averages in the NDX as well:
Finally, DOW resistance at 10600 held and turned the index back sharply today. A dark cloud cover pattern on the dailies portends a pullback:
All indexes are stretched quite far from their 20 day moving averages now, and should pull in some before continuing higher, IMHO.
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Key Links for E-Mini Traders:
E-Mini Contract Specifications:
cme.com
E-Mini FAQ: cme.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
daCharts.com: Home of E-Mini Traders Anonymous trading community:
dacharts.com |
