my reading of supply and demand based off the 5 min chart. My reading was dead on as I had 4 points in my favor but I've been modifying my strategy as of late to capture more of a move, and making less trades. Trading is more about the exit than entry though, as you all know !
Can you...
whatever it is, it went up without me, and thats rare. I normally have some sort of an entry that gets me in on these things. Not today, up almost 10 points and I'm just watching it, LOL. Reminds me of my newbie days.
This is tough price action for me. Anyone catch this move up ?
I had one long scalp signal, but I didnt take it due to the whipsaw nature of this stuff.
ES is used by the big players as a hedge. So it is definitely mean reverting. But there's usually no more than about 4-5 trend days a month (i'm being generous with that number), and maybe 1 of them will be like today. Nice, clean pullbacks.
Been staring at these damn ES charts and trading...
Ok. This has been talked about for ages on ET. Lets beat the drum a little more.
Topic:
Pyramiding and averaging up on trend days. I'm assuming most retail ES traders do not do this. In fact, many scale out. Is it just me, or does scaling out seem to be an inefficent way to maximize...
Wish I was nabbing 6 + a day. Last 3 days were outliers. Friday morning I actually caught 6 points exactly on the morning push. Its not always that easy !!!