Still holding. See possible buy opportunity to add in 1.3215 - 1.3230 level depending upon price action (if / how / when market gets to this area).
A breakdown of price in this area will trigger 50% liquidation of initial trade.
Sell (gtc, limit order) set on 50% of position @ 1.3540 for swing trade part of position.
50% held for long term basis chart.
Stop on entire position currently still @ BE (1.3070).
Stop moved to BE @ 1.3070. Still like trade, but market appears to be shaking the tree at a minimum and possibly reversing against position.
If stopped out will re-assess.
Holding long in ECH11 at 1.3070 over weekend. Stop remains 1.3053.
Though entry based on intra-day price action, objectives are weekly swing / monthly trend derived.
Swing target is dynamically calculated but will be posted prior to liquidation (once approaching). Currently just above...
This is SIM trade.
Stop @ 1.3053
Will scratch if fails to act according to script. Market in state of balance basis intraday timeframe. Would have rather seen violation / spring of 1.3050 short term support (strong bullish bounce post penetration).
SIM Trade: Looking for possible fade of opening range weakness. Selling below yesterdays low = possible buy in the 1.3040 range. Price action will dictate whether long taken.
Flipside: May be good sell opportunity if support kicks in at the above stated range, then fails.
Very interesting indeed. It takes all kinds to provide each other liquidity.
I'm curious, you mention having found a day trading method that consistently made 2 point targets. Are you implying that it consistently generated these targets or generated and HIT these targets?
If the latter...
Interesting. I remember studying Hart's Set Theory for day trading the S&P... seemed very sound. Most the curriculum was based on the monthly time frame though. I was a subscriber for years, kept reading and studying well after liquidating my account in '97.
One thing is for certain...