Not sure I understand the point here. I wonder if this level is the line in the sand where institutions feel the market is priced fairly. It always seems that the more times a level is approached and not breached, the stronger it becomes.---don"t know
NQ Journal - 2015
- Thread starter Buy1Sell2
- Start date
If that is so, then why not buy the zone during market hours? Why elevate the bid substantially when stock market is closed? That is the point.
Ok-- I don't know. I think a case can be made thouhg that at least for the time being, the selling had dried up and short covering had begun on that last 5 minute bar at the close.
Will update these trades tomorrow. At the moment, I would like to let them play out with the same stops.
Stocks declined right into the close Izzy, then when NYSE closed futures took off in a big way, did you see those bids leaping upwards like there is no tomorrow? I don't buy that, I know it's all green right now, but it just seems fake to me. Proper directional turns happen during RTH as far as I know, maybe I am mistaken.
There is of kind. Mirror image if 6/7 of July.
This day trade as I indicated before was held overnight. I have now closed the trade at 4394.50 for 38.50 pt gain.
This trade was taken Tues and I held it overnight converting it to a position trade. You may recall that this was the experimental traded in using day trade entry and outraday stop. In any event, I still hold this one and will monitor today. Price is currently 4398.25 35 minutes before RTH open.