ES Journal - 2019/2020

[Overnight]

Out at 3003.75 for nice 28 pt gain

You still have not adequately explained this...

https://www.elitetrader.com/et/threads/es-journal-2019-2020.328086/page-798#post-4887885

Why did your trade not get stopped out?

 

[Buy1Sell2]

Trend within the bear market topping remains up, so iI'll be careful shorting here. However, the top could easily be formed here so I am keeping my finger on the trigger to fire when it becomes obvious

 

[USDJPY]

Multiple long/short signals and FBOs in this tight trading range for the last hour. A good reminder that not every moves go 'anywhere' on the ES.

What is FBOs?

 

[Buy1Sell2]

Yes--have stated numerous times that due to the thin market in afterhours, I do not have a hard stop. I revisit it during RTH and analyze whether the stop will be good. If above the mental stop like we were today, I put it back on at RTH opening. If below the stop, I analyze and see if it looks like we'll have a rally. For example, today if we would have been below I could easily see that a rally was in the offing and would let it run higher. --Most of the time though it hasn't printed and I just re-enter it the same or raise it (if I am long).

As most know, I don't have my hard stop in place during the afterhours as the market is too thin and easily manipulated (unless I have taken a day trade in the afterhours). We'll see what action the jobs report brings us in the hour prior to RTH and then stop myself out manually if need be. ---This is SOP for me

 

[Utah]

@Buy1Sell2, do you trade the night shift?

 

[Buy1Sell2]

@Buy1Sell2, do you trade the night shift?

Occasionally enter or exit a position in afterhours. Trade it? --not typically.----Generally trade currency futures in the SP afterhours.

 

[Overnight]

So why do you have a mental stop in place during ETH, but not in RTH? Surely they both move in the same fashion?

 

[Buy1Sell2]

So why do you have a mental stop in place during ETH, but not in RTH? Surely they both move in the same fashion?

As most know, I don't have my hard stop in place during the afterhours as the market is too thin and easily manipulated

 

[Overnight]

As most know, I don't have my hard stop in place during the afterhours as the market is too thin and easily manipulated

It is odd that "manipulation" would keep you out of the hard stops on ETH. But it is what it is. I suppose you are trading sizes so large that you feel the cabal is out there to take your stops out?

I don't understand that thinking. As a typical retail folk, it is just a drip in a large lake, no?

 

[Buy1Sell2]

It is odd that "manipulation" would keep you out of the hard stops on ETH. But it is what it is. I suppose you are trading sizes so large that you feel the cabal is out there to take your stops out?

I don't understand that thinking. As a typical retail folk, it is just a drip in a large lake, no?

Two guys in their bedroom in their underwear can move the market in afterhours.