Emini Podcast / The Daily Futures 10/25/11

(QQQQ)(DIA)(SPY)(GLD)(SLV)

by  DeWayne Reeves

At the close of today's show I made a bold statement.

"There are very few absolutes in the world of trading.
However, I absolutely guarantee you...
that price will either go to 1227 or 1244."

That statement did not require any if, and, or but, qualifications. Every CFRN Partner should have been able to make the exact same statement with the same amount of confidence. No magic, no sleight of hand, simply a knowable event available to every CFRN Partner. Does Mark Douglas say that no one can know for sure what's going to happen next in the market? Yes he does. Don't I agree with almost everything he's written? Yes I do. So what gives?

Although my definitive statement did not contain if, and, or but, it did include a very important 2 letter word - or. While I could not know with absolute certainty whether the market would touch 1227 or 1244 first, I did know that it would touch one of them as did every CFRN Partner. You can have that knowledge as well. Here's how it played out -

And that's the truth about trading
the CFRN way!

We did have a few choice ordinary Zone to Zone moves as well.

 

Last Night's Tweets

CFRN DeWayne Reeves

 

#ES Consider selling 1241 Stop /

CFRN DeWayne Reeves

 

#YM Consider selling 11783 Stop /

CFRN DeWayne Reeves

 

#Euro Consider selling 1.3875 Stop /   TRADE STOPPED OUT AFTER SMALL GAIN

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Emini Podcast for Tuesday 10/25/11