The Super Terrific Happy Hour
- Thread starter Max E.
- Start date
NQ moved a lot. It made many trips between about 5777 and 5807 or
about 12 ES points. Path length was large.
I dont have as good of numbers on the NQ so most of the time i just like sticking with what im familiar with, which is the ES, Ive had it on my main screen every day for like 10+ years, so i just like dealing with the same numbers day in and day out.
Lose the ES man. There is no point hanging on to a loser in range. Why are so many folks afraid of giving up their screens to a more ranging instrument like NQ? What is the appeal of the ES? And if someone says "liquidity", I'm going to shove a sharp umbrella stem up the rear. Enough with that silliness.
Overnight....DPZ is Dominoes since you asked in another thread.
You like Rush right? Max is a Canadian... today is 7/14.... Trumpy's in France.
... time to put a quarter in the juke box for the ST Happy Hour.
Feels like the ES wants to put in a fuck you bar today and go straight through 2450 into the weekend to jam some shorts up. Im notchasing it as its a low probability setup but its got me being a little cautious on shorting the banks now, i took 1 small scalp long JPM at like 90.91 but i bailed on it real quick it was just a quick scalp for a thousand shares.
Let this day run it's course...there's a lot of building reversal signals at some really nasty places (middle / top of the bollingers; strong resistance; new resistance; some at all of the above).
People will be lightening up in risk for this weekend going into the end of the day.
Yeah i havent done much of anything two trade on JPM made 30 ticks one time lost 5 the next, but its just chop city out there today, hopefully this isnt a sign of things to come for earnings seasoin.
I would do it if buying power was an issue, but i can already short more contracts than im comfortable trading on the ES, so i can make up for smaller range with more contracts, plus im not a regular trader on the ES, im not doing it day in and day out, only maybe like once or twice a week.
I understand the logic, and i agree with the logic, its just what i feel comfortable doing after so long cause ive always just watched the ES to guage the market, so its literally the only chart i stare at day in and day on my main screen, theres just different kinds of subtleties you get used to with each instrument, an i just feel like my main edge with the ES at this point is just knowing how it likes to trade.