this move may slow as we hit the target range, but I don't see this as a swing short just yet. some scalps with tight a leash, but asking for more than a point is too much risk.
ES Journal - 2012
- Thread starter Buy1Sell2
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I estimate the probability of a intraday high at 59,75 to be slim at best, so I should really just take off some nickels here and be happy with that, but I`m willing to risk one point keeping my stop at 61.
Gap fill around 64 by the end of day and even very soon looks very reasonable.
Could we see a gap fill and roll over from there?
I wish, but I`m starting to lose faith in the big short.
Gap fill around 64 by the end of day and even very soon looks very reasonable.
Could we see a gap fill and roll over from there?
I wish, but I`m starting to lose faith in the big short.
Quote from Laissez Faire:
I estimate the probability of a intraday high at 59,75 to be slim at best, so I should really just take off some nickels here and be happy with that, but I`m willing to risk one point keeping my stop at 61.
Gap fill around 64 by the end of day and even very soon looks very reasonable.
Could we see a gap fill and roll over from there?
I wish, but I`m starting to lose faith in the big short.
No boy....this is no day to be close to land. - 13th Warrior.
See? 50% gap fill to the tick?
I`ve seen the market top out at a 50% gap earlier, but I`m not too optimistic. Will probably just see a retrace or consolidate first.
But my fingers remain strongly crossed.
I`ve seen the market top out at a 50% gap earlier, but I`m not too optimistic. Will probably just see a retrace or consolidate first.
But my fingers remain strongly crossed.
This is a very important price zone, IMO. 3 of the prior 5 days had their "fairest" price (VPOC) at 59.25, .50, and .75 -- and today we are trading most value at 59.25
Essentially, the market opened lower, out of balance, and has moved back into balance here at 59. When it breaks away from balance, and holds that, it should be a signal of the market's intention.
Essentially, the market opened lower, out of balance, and has moved back into balance here at 59. When it breaks away from balance, and holds that, it should be a signal of the market's intention.
banging it's head on the weekly pivot and friday rth low. no trades for me in this area.
They got me at 1361.
I was actually entertaining the idea of widening my stop to 65 + since I think a turn may still happen from here, but then they got me and I heard the monotone voice from the not so sexy NT gal.
Hopefully, I get another opportunity. ES usually is kind that way.
Now, I`m off.
Happy trading, Americans.
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