Search results

I think it was 4-5 points in the money at that point, so effectively, the risk was more like 5 points. :)

Bears getting rekt as usual. And probably scratching their heads after this move. I mean, this thing's gotta crash soon, right? Saw the usual bearish chatter this morning. Usually always a good long signal.

I would guess ES close green today. Maybe 5380 for an Outside Day.

Booyah! 70 hits. If only I held my long from this morning without trailing myself out. That would have been an R/R of 1:17 from the original entry. Missed this last pop. If tomorrow's CPI comes out as forecast or lower, I'm sure ES hits 5425/5450.

Stopped for 5 points of profit. Long again if 55 holds. Market seems stuck for now. Wouldn't dream of shorting this today, though.

Lock in 5 points at 56.25. Maybe this is all we get prior to CPI / FOMC, but I would be slightly surprised if this doesn't get one more push into the Close.

Stopped out on the prior for 5.5 points. Back in long at 51.25. Stop at 46. Smaller size. May add if we move above 55. EDIT: Stop at 51. I'll risk one tick. 10-year auction coming up.

Nah. Put in stop at 51. Poor trading to give it all back. I'll be around, so if I'm stopped out and the PB holds around 50, I'll rather re-enter long. Target remains 70/73 with the small chance we'll squeeze to 80 for an Outside Day.

Considering taking profits, but that leaves me with a new decision: when to get back in? I'm okay at reading the bigger moves, but the micro is harder and arguably more random. So, even if we hit 70, this could spike down first or we could just range around in this zone until making the move...

Just back in time to micro-manage my trade. Reduced stop to 49.50 just in time prior to that spike. I just want to hold this as I think we'll see at least 70 by the Close. I may be wrong, though. And maybe this pulls back all the way to mid-range before higher. Yes - that would be a good...

Correct.

Added two more up here. Let's see if that was premature or not. Avg. is 46.50. Have to leave for a bit, so putting in a conservative limit sell at 65 just in case. Stop at breakeven. Always the chance they sell the HOD, but my guess is we'll close the gap. Could stop me out on a retrace first...

Added one here. Avg. is 42. Keeping stop at 42. Add a bit more if we take out RTH highs for a final push to 70. Could always fail here or there.

That's how it is for now. Crap long entries get paid. To short, you need to be excellent or you'll get rekt.

80 was what I had in mind pre-market, but we dipped a bit too much by then. Let's see how it plays out...

Streak continues, @theapprentice! :) Today is a predicted up day within my framework. Could even turn into an Outside Day, but primary target is a green day around 68/70.

Looking better, although too early to celebrate. :) Will add above 55 for the full gap fill. LFG, bulls! :)

Added one here. Avg. is 39. Stop on entire at 38.00 LFG, bulls! Can't micro-manage this, so holding for 70. Ideally, we don't drop to my stop if today is an up day. May take another long if stopped.

Hope today is not when your luck runs out, @theapprentice! No bid so far. I'm just watching with half an eye while at work. I'd like to see a move back inside yesterday's range before considering any longs at this point. Actually, I took a long at 36 just now. 2 point stop. Add if we get back...

Same play as yesterday. Watching for this morning pullback to reverse 39/44 or so.