Darn, missed by 3 ticks. NQ also just about hit 13200, so lots of power behind the move.Buy limit @ 62. Should stop this.
5 point stop.
ES Journal - 2021/2022
- Thread starter Buy1Sell2
- Start date
Filled on 62. Out B/E.
But re-entered. Will take 10 points off here if stopped, but primarily looking for a big move higher.
But re-entered. Will take 10 points off here if stopped, but primarily looking for a big move higher.
Free ride from here.
We could see a second leg down for a test of the LOD, but I think we can trade quite easily to 3825 from here by the Close. Should be fun to see. Willing to risk some house money here.
EDIT: Stop @ 86,50. Not interested in sitting through a pullback.
We could see a second leg down for a test of the LOD, but I think we can trade quite easily to 3825 from here by the Close. Should be fun to see. Willing to risk some house money here.
EDIT: Stop @ 86,50. Not interested in sitting through a pullback.
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Stopped for + 23. Should be interesting to see if my last stop @ 77,50 would have lasted to the Close, but I've given back too much money on similar trades, so figured it was best to bank some.
Right now, we're in a bit more uncertain place. I knew we could pull back to 3783 where we reversed now, but we could also drop well below and still make a new HOD by the Close.
Right now, we're in a bit more uncertain place. I knew we could pull back to 3783 where we reversed now, but we could also drop well below and still make a new HOD by the Close.
I'm no expert, but the way I usually handle this situation is by bracket orders. So, if I'm looking to buy, I'm putting in a limit at my desired level, but also holding a stop above market which will get triggered in case my limit is not.
It can at times lead to bad fills in the event of a false breakout. The best fills on a long entry are usually buying into weakness near a perceived swing long. Usually offers the opportunity for at least a B/E entry. Using stops to enter may lead to buying a bit too far off a swing low.
Out of curiosity, how can you say you don't see any significant HFT action when the volume clearly spikes up during large moves.
Also, my logic would assume that HFT activity creates moves that don't last. So if HFT isn't behind a move, and its more so called investors or holders, then I would expect the move to have more merit and stay at the level it arrives at. So this is counter to what you are saying, but I'd love to hear more if you are able to share.
