Comments on: Emini Day Trading Lessons: +6.75 – Thoughts on Trader Intuition

By: Cody Hind

Cody Hind — Sun, 26 Aug 2018 18:52:25 +0000

In reply to Eric J..

Hi Eric.

When I mark those areas with a circle it’s cases where there has been a structural shift but no valid setup. Essentially, it’s a scenario where there’s a potential shift but no valid trade as the move didn’t fit the rules of my trading plan. I have a handful of criteria I’m looking to have fulfilled for a valid setup and this situation is missing a couple of them, the most obvious being limited momentum relative to prior moves.

For the later long that wasn’t an issue as it fit all of the criteria of my trading plan so I took the trade.

By: Eric J.

Eric J. — Sun, 26 Aug 2018 11:43:59 +0000

Hi Cody.
Thanks for these recaps!
I was wondering why you didnt take the trade with the purple ball, because on august 8 you also had a purple ball at a possible long between the first and second trade, about which you said you would have probably taken it, if it would have pushed a bit further so that it could use the previous swing high which it barely surpassed as support. In this case the price did surpas that swing high and was able to use it as support, so i was a little curious as to why you didnt take that trade. Could it be because it was close to that bigger support level (the red bar)?

Thanks so much!