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It seems risky going short into month's end in a bullish market. The shorts had their chance yesterday and the outcome was a hugely bullish close. Almost unprecedented. I'm guessing we'll have to wait to next week for any shorts worth taking beyond scalps. If at all.

The question is if there's potential for more on the day. I don't hold a strong opinion either way today and mainly think upside is limited today after yesterday's huge reversal off the lows. But we can very well pick up momentum to the upside too. Just not certain what's possible today. A...

I think we have the LOD in at 3030, but upside is probably limited? And may be a choppy session? I'm betting on 3050 by the Close though.

Just as important may simply be sticking with something, i.e., related to Orbit's comment above. If you want consistency, you need to be consistent with what you do, IMO.

But isn't that really true for any kind of price chart...? I'd love it if you took the time to do a comparison between say a 100 tick chart and a 15 or 30 second time based chart. What I've found personally is that I get buy/sell signals on the 1-minute chart which are different and harder to...

Not really sure what you're asking. Are you asking if there's an edge compared with time based charts? Regardless, you'll find your answers through testing this for yourself. I've seen some claims that both volume/tick/range charts are superior over time based charts, but having tested them a...

Yesterday's "V" Outside Day on the ES is a very rare pattern too. Yesterday was not your average day for sure. Can easily continue squeezing higher. We probably have that end of month effect to consider too. Next open gap above is 3127. My only concern to the long side is that we're up 'too...

Stopped for + 5,00. Could have been one hell of a day trade, but ended up a lousy swing trade instead. The bulls remain in control here and I have no problems admitting I'm a little bit surprised by this strong reversal. End of month effect? I still think a correction is in the cards...

Certainly a strong market we're seeing lately and some huge gaps as well, but I still think we can be topping here. + 2,24 % yesterday. + 2,41 % last Monday. Gapping up more than + 2 % really ain't that common over the last 15 years.

That's quite a reversal.

If you scroll back, you'll see that I'm still holding that trade at 3020. The other stuff I posted afterwards was day trades with separate entries/exits.

I do run multiple contracts and I've been thinking about scaling a lot. The general problem with scaling out is that you're taking losses on full size and winners on reduced size. But if you have a high win percentage and/or have your first scale out on a high point average, I suppose it can...

Stop @ 85. Target is 2964 or 2950. Nervously short. EDIT: And stopped. - 5,00. Could still swing up to 2988 and reverse from there, but not feeling confident enough in it that I'll hold that one. I could have adjusted my stop to 86 as we have an R20 here, but there's other levels above...

Short 2980. 9 point stop.

Thanks, dude. I was traveling yesterday, so didn't get to play it then, but the overnight session gave me a second chance. I'm always nervous shorting this market, but I locked in 5 points on it now, so we'll see where it ends up.

Damn. I sure got out too early. 2950 coming up.

NQ said some really nasty and untruthful things about me going into last week's end. I think I am allowed this much.

2983,50, if we get there, may offer a nice second entry short for a ride down to 2950. BUT - this move is mature now and I'm not playing it. Just watching from here. Always value what you have and think about what you can lose.

Flat @ 2879. + 23,00.

Stop @ 92,00. We should see a test of yesterday's LOD at 83,50 from here. Will it hold? That remains to be seen. If it doesn't - we can slide all the way down to 2950 today. EDIT: Stop @ 89. EDIT 2: Stop @ 85. EDIT 3: Stop @ 82.