ES Journal - 2012
- Thread starter Buy1Sell2
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Quote from fishing:
i think the big question is how high it'll take us with better than expected NFP number
Okay, there's one in favor of it holding
Quote from fishing:
i think the big question is how high it'll take us with better than expected NFP number
Not really a tough question to answer since we know the numbers are manipulated
It's his last chance for Tuesday.
I think there is a chance the numbers were eased off the last couple of months to load up this week to look good for the election.
Strange things happen in DC. i.e went the wrong way because of road construction and found myself in a real bad scary area. I survived with directions to get out of there by some scary characters without getting mugged.:eek:
Strange things happen in DC. i.e went the wrong way because of road construction and found myself in a real bad scary area. I survived with directions to get out of there by some scary characters without getting mugged.:eek:
Sandbagging the numbers eh? Wouldn't doubt it.
Amen brother.
Would not put it past the current admin. I just hope next Tuesday changes things back to what works in America.
I feel uncomfortable holding a short into the NFP number - a number that will greatly affect the outcome of this election in a few days. Therefore, I'm placing my stop 1 tick below entry at 1424.25, and cancelling all other short orders. If we drop hard and I miss the move, so be it. Best of luck to all the other shorts. My overnight long order still remains though.
its smart to remove positions before nfp. I removed my shorts, took 1 tick. The environment looks bleak. Once NFP comes out, I have buy stops at 1433, sell stops at 1417.
If buy stops get hit first, and price moves below 1433, the position is exited, and shorts are placed. If price chops in the 1433 range within 1 point, I have a stop loss on the amount of chop. And will wait till 15:30 to trade again or if price moves out of chop zone.
Those with tradestation or any autotrade platform, I'll describe it more through a PM. Its a crucial technique I use.
If buy stops get hit first, and price moves below 1433, the position is exited, and shorts are placed. If price chops in the 1433 range within 1 point, I have a stop loss on the amount of chop. And will wait till 15:30 to trade again or if price moves out of chop zone.
Those with tradestation or any autotrade platform, I'll describe it more through a PM. Its a crucial technique I use.
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