Daytrading ES

[Laissez Faire]

And flat. Another non-predictable move.

The odds of a major reversal, i.e., below 55 and more are very slim, but it's also possible we'll just range here and have the day range set already. If anything, chances favour a new HOD.

 

[GotherL]

Hunting stops or taking profits?

If you were forced to only take limit entries going in one direction and size into a position where would you be taking profits?

The ES only trends about a third of the time, the remaining days are two sided.

I guess what I wanted to articulate more precisely is I like to ride trends so on days the market chops up like that is beyond frustrating. I haven't adapted my strategy completely in these type markets but I basically figured the gist of it.

 

[CannonTrading_Ilan]

Extremely choppy last 6 trading days with rollover taking place and market waiting for CPI tomorrow and FOMC Wednesday.
This is what my intraday charts looks like today:

 

[easymon1]