Search results

So, today was a slower day and consolidation as expected. My original bias for today was a positive close, but the market (ES) turns out weaker than expected. Let's see where we end up by the cash session close. NQ on the other hand is much weaker and have been in the red all day long. I'm...

Shorted 62 with a stop at 65. Targeting a test of the lows and potentially a sell down to Friday's low. EDIT: Adjusted stop to 66. EDIT 2: Stopped and done for the day.

Now look at that. I bet many people was anticipating a long entry on that initial pullback. Should be interesting to see if it's just a nice down swing or if there's some intention behind it and we can make new lows on the day.

Strong market. Could easily trade up to 90s today, I think. I maintain a short bias for the week, but we are due a recovery at this point.

I was short at 64 and took a 1,5 point loss. Tempted to short again, but this market seems to want to go higher. Also supported by some other data I have. I am however too fearful to buy here, so will be sitting on my hands and stalk a potential short.

YM looked very weak there for the moment, but currently green. NQ looking stronger now also.

Rationale: reversed off the open. Unless we double/triple top here, maybe we're done below for now (and even for today).

Anticipating a test of the current lows now. Any other predictions for the day?

My basic bias for today is a positive close on the day. That doesn't rule out a lower low during the day. All dependent on where we open. I'm feeling fairly confident we make new lows later this week if not.

To expand my views. The prior two corrections in sequence. January/February: -343,00 points down over 11 trading days with a % change high to bottom of - 11,88 %. March 2018: -255,25 points down over 14 trading days with a % change high to bottom of - 9,06 %. October 2018: -232,50 points...

Do you still maintain your original call, @volente_00 or have you reconsidered...? Personally, I think we make new lows either continuing down on Monday or retracing some early next week before a new round of selling. Regardless, I hope we can maintain this volatility for a week or two.

You can do both. In this environement, provided your entries are good, you can lock in profits with a stop and see if your scalps can turn into a runner. :)

One thing is to see it. Another is to trade it. :)

I had 2750 as a 1st target below. Natural with a bounce from here. Could even be a reversal and a bottom on the day. If I were to bet without risking money, I'd say there's a good chance we'll test yesterday's close at 2731,75 prior to the close. Can have some nice up moves and retracement...

Rejected the open price and a test of the highs. No rush to sell off yet and very orderly. Let's see if we can trade down to 2750 now.

I find tick charts very useful in heightened volatility such as this week. Currently using a 133 tick chart for execution. But for broader analysis, I still use 1 minute/5 minute and higher. This is for ES.

Made new lows, but reversed. Shouldn't go much higher than this if we are to expand below, no?

Ready to make new lows now, I think. Targeting at least 2750 below. A full gap fill would be sweet.

My crystall ball claims a 3/5 chance we'll have another solid down day tomorrow. Assuming we don't recover overnight and open heavily gap up.

Another amazing day in the markets. I feel like an amateur only taking home 10 points of profit (per contract) on a day like this. I find myself playing a bit too defensive and afraid of holding on to my convictions. I'm sure tomorrow will be just as volatile. At a glance, I have a 3/5 chance...