looking a bit better now. Stop at BE
ES Journal - 2019/2020
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looking a bit better now. Stop at BE
See attached chart.
2880,50 was the RTH Close from the 10th of March.
As such 81,25 was a long term gap fill + 3 ticks and not a random number.
71,75 was just above the 2-Week RTH High at 2871, so not a random number either.
So, the numbers may have been randomly chosen by you, but they're actually key technical levels. This is why I first warned you to put your stop at 75 instead as there was a small chance we could form a double top there.
As for stop runs - I've been paranoid about that too as I've been low ticked/high ticked on quite a few occassions, but I'm checking it off as paranoia for now.
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I hear you, man. Yesterday was a clear short for me when one of my anticipated scenarios went into play, but I was still nervous and had to sit through some retraces before the market finally started dropping with momentum.
Even if the market drops - you typically have to sit through 10-15 point fast retraces.
I made a post yesterday that passed by in silence. Would have liked your input as an experienced ES player if you don't mind:
ES Journal - 2019/2020
I believe hunting for stops is a real thing sometimes, but not YOUR personal stops and probably not because you post them here. Quite often it is pretty easy to predict where a lot of stops are grouped, making them a target.
out +20
You pull some nice trades, man. *Thumbs up*
Until last week we never saw negative price mark to markets. You put up $12k to buy one contract, and the contract goes to -$36 and settles your margin call is coming and it isn't going to be pleasant.
Thanks. I don't really like them swing type trades , but they're the only ones I am posting here for now. Too busy in a chatroom now to post all my intraday attempts here too! Plus i'm way inconsistent, anyway lol.
I took it on my spreadbet account as I like to trade swings with really small size so that I don't feel like crying when I get one wrong and take a 40 point loss!
ps - I'm preferring globex to RTH recently, though. Anyone else? Just me? It just feels more 'technical'
decent morning. Hoping to not give too much back after the open!
I agree.
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