You have probability on your side, plus V chart pattern post consolidation, the high end of consolidation breaks and price drops back down. That's...
Limit Sell 2400 (not hit yet) SL 2405 TP close of session
Close active trade. 2397.50 (+.50) (scratch) (removing position before FOMC) FOMC statement will be hawkish.
Algorithms are feedback looping the data back onto themselves. In essence its creating a bottleneck in decision making.
prior session levels
There is risk that 2392/88 is touched. Limit short 2398 TP 2393 SL 2403 Edit: not filled yet,.. Upper zone 2402 Lower zone 2392
FOMC meeting minutes 14:00 today, only event to work off of up to and post.
Profit target hit, net +7 ES seems to have a quantitative moving average of behavior. Previous behavior implies future behavior, till an event...
The reason you cut them short, the market is doing something unexpected or diverged from your model. When it diverges, it essentially can have...
Filled
Usd up Jpy down Zb down Gold down Equities up Usually holds true.
It depends what your trading. If individual equities, takes a lot more preparation. If futures/macro just a few minutes of Bloomberg or CNBC, and...
Configure your software for hard stops. It's extremely easy to get married to position. It's one of the hardest habits to break that I went through.
Evening session trade tonight Limit long: 2396 TP 2398 SL 2394
2398 out Log: 5/22-23 (long)(algorithmic grind higher) Net +5 plus commissions (-4, +7, +2)
Long 2396 SL 2390 TP till close
Long didn't hit, constant algorithmic grind higher. All trades removed, waiting for 14:00 time to let it develop.
When you want to short bonds using ETF. TBT is an option.
Forced me to develop understanding of the world and its markets.
Surprising didn't bust through 2398 stops to spill over 2400. All signs there. So most likely flushing out longs/stops at lower value zone 2388.
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