went long 65.86, stop 65.75
>>stopped out with some slippage!!
>>stopped out with some slippage!!
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5% - 10% profit per day trading
- Thread starter spanish89
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it was a good 3 days of trading, but today is very hard to read for me. not sure what's going on, was this dip the start of a reversal or just some crazy stop triggering...
we have big profit taking on oil
today oil will close below 65.75 or at best at that price
today oil will close below 65.75 or at best at that price
this was not sell off, It seems Market makers play . It seems MMs see close of the day around 6425 ish at 13:30 EST
so the price was around 6420 at 13:30 EST , there is one hour to go for 14:30 E
ST oil pit close , so what to do for an hour time. MMs played small play create a sell off mode for $1 , let small guys do short and pull the oil up and let them cover short at higher price .
so the price was around 6420 at 13:30 EST , there is one hour to go for 14:30 E
ST oil pit close , so what to do for an hour time. MMs played small play create a sell off mode for $1 , let small guys do short and pull the oil up and let them cover short at higher price .
@IV
No this wasnt the reason. The sell-off we saw while both equities and euro was going up was because of end of month liquidation by funds.
And as expected floor traders took the market towards its high on the close. We were never going to close around 65.70. Infact if you take a look at closes of all fridays for the last 3 years and perform statistical analysis you will find that over 80% of the time we close around the high, make new high or lows but seldom we close in the middle
No this wasnt the reason. The sell-off we saw while both equities and euro was going up was because of end of month liquidation by funds.
And as expected floor traders took the market towards its high on the close. We were never going to close around 65.70. Infact if you take a look at closes of all fridays for the last 3 years and perform statistical analysis you will find that over 80% of the time we close around the high, make new high or lows but seldom we close in the middle
Quote from usman88:
@IV
No this wasnt the reason. The sell-off we saw while both equities and euro was going up was because of end of month liquidation by funds.
And as expected floor traders took the market towards its high on the close. We were going to close around 65.70. Infact if you take a look at closes of all fridays for the last 3 years and perform statistical analysis you will find that over 80% of the time we close around the high, make new high or lows but seldom we close in the middle
whats do you think next week holds........monday
Quote from porph:
That was my best ever week.
15 trades (all on dow), 13 winners and 2 losers. The losers were about 40-50 pips whilst the average winner must be 80+ pips.
join us on the ES thread.
I posted 10 ES points in winners today - and made some more that i didn;t have time to post.
I've had one of my best weeks this week too :0
nice one.
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