trying risky half size short here at 08.5
stp at 17.5
stp at 17.5
ES Journal - 2023/2024
- Thread starter Buy1Sell2
- Start date
Overnight high at 21.50. I don't see why we won't trade there at this rate and probably overshoot it to run some stops. Not much higher after that to fill the gap at 29. And still well within average ranges and % change.
Buckle up, boys.
Buckle up, boys.
Certainly. Prudent Risk Management is what needs to be employed whether long or short.
Good trade, @Buy1Sell2. You demonstrated some flexible thinking as you were originally looking for the market to break down and then you re-assessed and went long. Well done.
I would like to ask some of you old hands a couple of questions. I usually don't trade big market moving events such as CPI but this morning I considered placing an order to go short at 4000 right before CPI. The questions are if I did so with a stop order how much slippage would be possible once it triggered? Or if I made it a limit order would it get filled at all? When things move really fast it is intimidating. BTW I cannot remember seeing a gap between 1 minute candles like we saw this morning. Thanks for your comments.
@wiesman02
Since you provided a great explanation for your successful long, I wonder if you would share what made you lose money at the open. Your explanation of your signal and attached chart were awesome, so I wonder if you don't mind sharing what you saw that made you lose money there and what trade you took (assuming it was a long since it dropped)
Since you provided a great explanation for your successful long, I wonder if you would share what made you lose money at the open. Your explanation of your signal and attached chart were awesome, so I wonder if you don't mind sharing what you saw that made you lose money there and what trade you took (assuming it was a long since it dropped)
Good call.