You call it a protective stop, I call it a stop target at this point. You are in the money.
ITM ? Thought you didn't like option guy
ES Journal - 2019/2020
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ITM ? Thought you didn't like option guy
Sure. But it's better to TP than to SL
Protective stop @ 49.75
Momentum is dying.
I'm getting this funny smell in the air that in the 8PM ET hour, you will hit your target of 68 before the stop is hit.
ITM ? Thought you didn't like option guy
Oy! The term is interchangeable between futures and options! But glad to see you took your profits, just in case. Green is good.
Should have stayed in.Sure.
That was a small retrace.
Stop not even triggered ...
Could have gave it a chance.
Might get back in.
Let's see.
There is still some room before 68
Since you took your profits, I'd say let it lay until the China data comes at 9 PM. That may set the mood for Euro movements at around 1-2AM ET. Maybe look at jumping back in then.
Well, that ended that.
You made the right decision to exit.
About to go long @ 46 but I'll wait for the chinese number.
There's some Euro numbers coming out after the midnight hours ET, but they seem minor. Happy trading! And we gots US retail core at 8:30 AM tomorrow morning ET. Keep them in mind.
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