Trade Idea: Possible E-Mini Short Forming Up

Posted on May 27 2015 - 10:23am by Sharpe Trade

Possible directional short on the e-mini, June contract forming up right at the moment.  The time-frame is just a day-trade.

June E-Mini Futures – 6 Hour Chart

E Mini at 10_20

Note, I said … possible.

For the next 20 minutes, I wouldn’t want to see ten minute closes above 2113.75.    If we begin to break lower, there is a short possibility.  I’d really want to see the market start to trade at 2109.50 first, with a weak tape.

Low risk entrances.  After that?  We are paid to take measured risks, and lock that profit in if it appears by grooming stops

Edit:  11:52 AM EST – We never got down to 2110, much less 2109.50.  We made a new high, so I just scratch the trade completely.  No trade.  No win.  No loss..

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