Apex, not to change the subject, but looks like the bonds reached your zone. What kind of confirmation are you looking for before going long? You'll keep us posted on that, won't you?
Question to all of you trading intraday, its 11:45 am EST:
Did you get flat prior to the release of housing sales, or did you hold positions into the number? If you held into the release, what side were you on?
My trade was based on action, not on news being released. Since I was aware news was due, I had a slightly wider stop than normal and initiated with 1/2 position.
My entry was not based on news. The trade was managed based on news.
Whatcha mean? Dow is down 25pts, ES down 8pts. Barely qualifies as a downer day, not even close to being ugly. Learn to love the volatility... I *think* this summer will be different than past.