If tomorrow feels like it wants to trade like today (RTH) think I'll keep my tail on the sidelines.
Quad-witching tomorrow, along with Powell blabbing at Noon Eastern Time.
Methinks tomorrow will look a lot different than today's chop-and-slop fest.
ES Journal - 2019/2020
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Quad-witching tomorrow, along with Powell blabbing at Noon Eastern Time.
Methinks tomorrow will look a lot different than today's chop-and-slop fest.
I really want to get to the bottom of thisIf tomorrow feels like it wants to trade like today (RTH) think I'll keep my tail on the sidelines.
Why the hell do I kill it on days where everyone (you and the guys in my trading room) hated it, BUT (before you think I'm bragging) I tend to do crap on days where everyone around me is killing it saying it's an easy day!!
Well I should have been clearer.
Watching the PA it just felt really punchy and spikey at times. Not the easiest day for me to get a read on, then again it's been that way for a few days now. Not surprisingly since we been floating essentially in what feels like "no man's land" on the daily.
Also remember I'm running non-ES instruments (though they are typically index correlated directionally).
Didn't beat me up. I added to the short I had on at diff points (was already holding from prior days) and really should have been out or taken some off with that 2nd attempt down before the market opened for RTH. Still got out +$600 but coughed up some profits from earlier in the day.
Not scalping for my current style. Seemed like a good day for the fellow scalpies and scalpets of the world...
Wrong. The Dip 'n Rip crowd pulled an incredible move at 10:30 am today....14 pts down, 18 pts up in 3 minutes. That was their announcement that they're back in control again. Then, they pulled the same move at 3:00 pm....took out the longs stops and ripped-up to the close.
With tomorrow being options expiration day, it might get crazier...so go "stop-less".
a) The Dip n' Rip crew never left. They act when they wish. (obvious)
b) Price manipulation with bottomless liquidity doesn't impress me
c) Some quick math on moves where I'm not trying to get spiked in and out in manipulation such as "14 pts down, 18 pts up in 3 minutes" will show: Globex @ around 145 capturable points / RTH @ around 70 capturable points. I'll take the 2x any day.
d) Yawn
Do not discount D, especially considering where we have been and gone since the last Q-witching.
Probably because you are a counter-trend trader while most people have strategies based on following the trend?
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