ES Journal - 2019/2020

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Hang Seng pre-market opens in 15.....
Next hour should be interesting.
Especially 9:30 EST

It'll be interesting to see just how much Trump spooked em.
I wouldn't hold a long position right now fwiw.
Or a short.
Gambling right now.
 
vanzandt said:
Hang Seng pre-market opens in 15.....
Next hour should be interesting.
Especially 9:30 EST

It'll be interesting to see just how much Trump spooked em.
I wouldn't hold a long position right now fwiw.
Or a short.
Gambling right now.
More...

Yep.. they are definitely front running (short) that open.
 
vanzandt said:
Whats that mean?
More...

I use these a lot and have posted them in the thread a bunch of times so sorry for being a bit vague ... if you were to watch trade on a tick chart you'd see 84 trade then bounce, 83.75 trade and then bounce, and then 83.50 trade and bounce ... very often you will see two 1 to 4 tick probes (usually equal) and that marks a low risk long entry. After the second bounce I will put a buy limit at the low expecting a fill when it trades one tick through that low. My initial stop is usually 5 ticks, and once I get the bounce I use a 2 tick stop and I'll take some off at +2 or 3 points depending upon volatility. The rest I let run, taking +4's, 6's, 8's or 10,s and most of the time I will keep a couple of contracts as runners in case it goes 20 or 30 points.

FWIW, I'm not trading this at all tonight ... I work days ;) Tonight I'm just a spectator.
 
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