I knew I stilled smelled bull .... Now we'll see. 1168.25 short 72.25 stop 61.5 target (scalp, against my will)
Well, I looked up my chart collection and Aug 6th looked pretty similar to today and that sold off at 3 pm...That is usually a selloff for days when the rally is really strong. For the record, we had a top at 3:07, 1167 and that sold down to 1159 before resuming the rally.... Well, delayed or not, it was definiately an ADU! (again, the best approach was the lazy one just holding it all day)
Last trade of the day.... S YM @877 x2 Stop @910 Target @640 Trade will be closed, either by stop, target or manual before 4:15pm EST. No overnitght hold. EDIT: stop @890 EDIT stop @875 EDIT: out @864. 3:58pm
Why do I even consider the comments of ppl trying to call tops on a 400+ rally..regardless of low volume. friggin moronic & I'm glad I paid $$ for it.
Quick question guys. I am very new to trading the ES. I have been watching it for about a month and paper trading. I have had fairly good success but still not as good as I would like and had a question. I know economic situation and have noticed the last week and especially the last couple of days. It just seems blah w/not much action. I realize this is due to what is going on but I guess I am wondering if it is the lack of volume to be more specific? Are more people just waiting it out to see what is going to happen? I don't have a reference past about a month or so ago so I don't know what the action was like before this. Thanks..... Paul