You can't overstay your welcome on the short side, take profits soon and often.
That said, I'm looking for another setup for tomorrow if they will back off of the buying some here.
Posted 03 May 2018 - 12:44 PM
You can't overstay your welcome on the short side, take profits soon and often.
That said, I'm looking for another setup for tomorrow if they will back off of the buying some here.
Posted 03 May 2018 - 12:47 PM
Those ES TL S/R areas are no place not to close out or reverse. Cash traders if they are not looking end up not knowing what happened.
Posted 03 May 2018 - 02:13 PM
If I had it to do over, I would have gone all in short yesterday, and I mean the entire account,
that's how big a signal I had, probably 99%.
Posted 04 May 2018 - 02:46 AM
My system is back on a buy, ES has found support again overnight at a point it should have failed, I'm thinking about going long a small position, target would be 2660. Hourly close below ES 2623 and looking to short instead. Of course if 2623 goes probably won't be much left by the open.
Edited by CLK, 04 May 2018 - 02:46 AM.
Posted 04 May 2018 - 09:15 AM
Was going long the open but my computer locked up, need to always reboot just prior to the open. Tried a short got stopped, now long,
system is on a buy anyway so will wait to take the hit if wrong. These low risk spots like the gap down open need to go in half account at least,
you have all that cushion for a stop, now it's just too risky.
Posted 04 May 2018 - 09:49 AM
Some may think it absurd talking about going all in, half in, but if you think about it it's more risk if you don't because
you may nickel and dime your account to nothing in stops and just trying small lots all over the place in high risk areas.
You need these to make up for some of that.
Posted 04 May 2018 - 12:12 PM
Tight stop here at 5 min highs retest.
Posted 04 May 2018 - 12:18 PM
Took profit, now short, too much rally to pass up.
Posted 04 May 2018 - 01:32 PM
I re-entered the long paid .30 more, botched the trade should have just left the stop on and
put a buy stop lower on the short, strong market.
Posted 04 May 2018 - 01:35 PM
ES hourly is out of the channel, but backed off the 900.
Edited by CLK, 04 May 2018 - 01:35 PM.