Search results

Because it is the midpoint of yesterday's range?

US Consumer Sentiment is at 10AM and I've noticed in the past that the market is often stuck until that data gets released. Inflation expectations will be released at the same time.

When I want to gamble, I trade NQ. Profitable, but pure panic and terror - mine, not the market's. When will I learn? These momentary lapses in discipline have been the death of my accounts in the past and it is only a matter of time before I screw this up if I keep this up. I know that I...

Tonight on CNBC: "Markets in turmoil as the S&P 500 trades down to prices not seen since this time yesterday!"

It's been a good deal for me so far. I trade with Trade Day. They are set up similar to Futex, which was Navinder Sarao's prop firm. I'd not mess with the ones like Apex or any of the others. But I'm quite pleased with Trade Day. My plan, should it work out, is to use Trade Day to grow an...

I'm done for the day and switched to global sim. I had a few scalpy stop outs and then missed the long I would have taken when I had to restart the computer. Ninjatrader was very buggy and caused my whole desktop to run slow. Finally caught the +5 point move I came for. Total for the day...

Not one five minute bar has made a higher high than the bar before it since the news spike. 2 inside bars and market broke the lows, three trend bars with broken lows. Market couldn't hold above yesterdays' high, and now falling below yesterday's close and the globex open. I'm more than a...

I'm done until the NYSE opens. I tried a long. I was late because the prop firm rule, while a good one in general, can make you late. I FOMO'd the first entry. Scaled to three which is my max before I just cut my loss. Made some scalpy long profits and some scalpy short profits with a net...

The prop firm I trade with does not allow open orders or positions on either side of the CPI release.

I saw this tonight in a little free occasional newsletter I subbed to back when I thought options was going to be the thing that made me rich. It is interesting, I'll grant that. But how to make money with this info? He is comparing today's market to the "pre-Volmageddon" market of 2018...

Looks like US traders decided they weren't going to let the Globex traders gobble up all the post CPI profits for themselves. Maybe tomorrow is the snoozer?

Ay amigo, que dia para los osos

I am short at yesterday's high and take profit is set to +10 points. Stop loss is -5 ticks. Here is how my 5 minute chart looks on Ninjatrader with the trade and ATM orders showing. I have to get on the road so this will be my only trade today. I can manage the trade on my phone with...

ES feels like a very news reliant instrument these days. If there is news to spark some trading, then it trades. If there is no news catalyst, it sits.

I hit NQ at the open and took the money and ran, literally. I had to work today. All day. What a grind. I don't know why the Tradovate Sim won't show the executions after the close/reopen. I didn't take a screen shot before I shut down so this will have to do. What's more important is...

Using the trading range after the June 17th breakout, depending upon where you choose to measure from, a leg more or less equal to that range would target the low 5660s up to maybe 5675? I feel 5675 is a nice number to look forward to. Since every new high is a new all time high there are no...

YM looks like it might go outside down.

I trade breakouts and reversals at former daily highs and lows and weekly highs and lows. I also use the globex open as a possible breakout or reversal or take profit level thanks to following @Laissez Faire. If the ES is in a breakout situation at the RTH open as it was today - it broke out...

Premarket and RTH gave me a couple of opportunities. Net result is +8 points. Probably going to call it quits for the day. Only the last two trades are shown.

He recorded that a week ago and already his high level view is about as useful as his garbage book was. Al Brooks makes me angry. I spent a lot of money on a lot of books about trading the last four years. His Reading Price Charts Bar by Bar was the only one I read that I felt I had been...