<i>No Mas</i>
Got stopped out for -5pts ES in one of those afternoon lifts that were crushed. Then again, all of them were.
Bought into each squeeze, scaled up 2x normal size on three occasions (as described in the weekend post here) and picked up few linear points on each. All three buys came back hard against generous trailed stops... gave up a lot in unrealized gains on every trade.
Missed every afternoon drop past 2:55pm est, they all blew away while I was managing long trades and dove before I could flip. Trading a 500tick chart was not nearly fast enough for the drops.
Sellers just kept crushing longs with waves of overhead supply. Haven't seen this in five years, since 2002. Just another dip before new market highs? Check the volume today... pretty heavy on the distribution.
Tally was +42pts ES linear per contract. That includes scaled-in positions doubled up as price moved in favor of positions, not against. Would have been nice to catch a few more shorts, too.
*
If the travel distance of each intraday swing were totaled, it must have been a 300+pt ES range. We've seen entire two-week periods with less overall price movement than this single day. Sometimes, too much of a good thing is indeed too much.
Unreal, hard to believe, but seen it before. Each time preceeded when markets came unglued and plunged to unfathomable depths. Should be an interesting time ahead, summer be darned.
Got stopped out for -5pts ES in one of those afternoon lifts that were crushed. Then again, all of them were.
Bought into each squeeze, scaled up 2x normal size on three occasions (as described in the weekend post here) and picked up few linear points on each. All three buys came back hard against generous trailed stops... gave up a lot in unrealized gains on every trade.
Missed every afternoon drop past 2:55pm est, they all blew away while I was managing long trades and dove before I could flip. Trading a 500tick chart was not nearly fast enough for the drops.
Sellers just kept crushing longs with waves of overhead supply. Haven't seen this in five years, since 2002. Just another dip before new market highs? Check the volume today... pretty heavy on the distribution.
Tally was +42pts ES linear per contract. That includes scaled-in positions doubled up as price moved in favor of positions, not against. Would have been nice to catch a few more shorts, too.
*
If the travel distance of each intraday swing were totaled, it must have been a 300+pt ES range. We've seen entire two-week periods with less overall price movement than this single day. Sometimes, too much of a good thing is indeed too much.
Unreal, hard to believe, but seen it before. Each time preceeded when markets came unglued and plunged to unfathomable depths. Should be an interesting time ahead, summer be darned.
