Stopped at 97.
ES Journal Archive (2011)
- Thread starter Buy1Sell2
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Stopped at 97.
Short 1196. Stop @ 1198.
Betting that support will break and pay me handsomely
Betting that support will break and pay me handsomely
Quote from Laissez Faire:
Short 1196. Stop @ 1198.
Betting that support will break and pay me handsomely
Covered @ 97. Seems like support will hold.
Possible. I was hoping to catch a few and call it a day. Will not be trading around or after the FOMC release. Learned from painful experience
Quote from Laissez Faire:
I think I will go either short or long at the open
Short if it seems like we can get a continuation from the trend from yesterday`s close. Targeting somewhere around 1180.
Long if yesterday`s low acts as support.
Opinions?
Usually once the trend is set after IB, it holds on FOMC days for 2 or 3 hours.
I'm still waiting for a hit of ES 1248 and subsequent reaction before betting big on the short side, or of course, NQ failure at 2283. But frankly, I still prefer scalping this market every day, than playing hero.
Quote from Laissez Faire:
Possible. I was hoping to catch a few and call it a day. Will not be trading around or after the FOMC release. Learned from painful experience
Trade it in demo, then. Never miss a learning experience and don't let previous past experiences traumatize you (easier said than done
)Just talking to myself, LF.
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up/down volume parallel so far
No major extreme TICK readings.
Let's see if home sales wake this up
Quote from Picaso:
Good luck/skill, LF.
May I ask you why 1205? It seems to me that if we make new highs, it should have some continuation, i.e. 1205 it's in a hard place to reach, but doesn't seem to offer that much more.
Always learning from you.
1202 would be the first price level I would look out for as it is the pivot point from yesterday. If you plot it for yesteryesterday, you can see that it marked yesterday`s low to the tick (94,50).
Then AH mid and yesteryesterday`s high at 1203,75.
And finally yesterday`s 50% level @ 1204,50.
NQ topped around it`s 50% level today.
Just useful reaction points and levels to be aware of. Sometimes they stop price and sometimes price blasts right through
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