It's called reading ... B1 has had an ES journal here for 13 years or more and if you go back and spot check him you will see very easily that this is the way he has always done it. By the way, crazy market moves - let's not forget that wonderful 2016 Presidential election day
There's still the elephant in the room...That the ES "never traded down there" or whatever. Well, it did. As seen by anyone's charts. Just saying. Consistency man!
It never traded "down there" duirng RTH ... dude ... you need to be able to step outside your own narrow view and see the world through B1's eyes ... fvck is it a trip!
Not during RTH. So he takes his stop away when RTH closes, the shit can drop 100 points below his normal RTH stop during the ETH, because it is a "mental stop", and then decide to close the trade because it is down 110 points on the RTH open? Good grief man. The ES DID TRADE DOWN THERE. So his stops are valid only during RTH. He does not like to have hard stops because that is when he feels the market is the most volatile? Isn't that about the time you'd want a hard stop in place? I guess we look at the glass in two different ways. Or three, if a ménage à trois is your bag. Man.
B1 already has two dudes together in a bedroom in their underwear ... if you feel like joining 'em ... I won't judge.