I think your idea of being in on the pullback was right. Maybe the move was too extensive and too near HOD from yesterday. ~Cx
Way too extended, minimal retracement, 71.50 was more in line. You need to let bulls sell and bears cover after such moves. NQ at kindergarden mode today. Anek
Hitting the beach at lunch for a run. Morning was optimal, no heat, no losses, nothing but a sweet uptrend with obvious entries. At this pace I don't see myself returning to ES but too early to tell. Might be back in afternoon for scalps. Anek
bugs and edpolten, I do the same thing, regularly. I watch and watch and wait and wait and have the "move" all figured out and by the time I enter into the trade the move is exhausted. Anek, coincidentally (or not) I just did the same thing but with dots rather than paintbars. I modified TROs "PMSM" (that stands for poor mans slot machine) to indicate: Top row references highs: close > prev high = green, equal = yellow, lower = red 2nd row references lows. close< prev low = red, equal = yellow, higher = green. Hopefully my dots correspond to your colored bars.
Jaxon, Looks good, try it on paintbars, that way yours eyes do not leave price. A matter of preference of course. Anek
Anek, I would imagine that slippage must be an issue for you trading the NQ ? At what contract amounts do you see slippage and fill issues on NQ ? Can it handle 20 - 50 cars ? Cheers
Razor, My only heavy contract position is an exit after averaging up. The rest of the time is just adequate sizing. When I'm exiting, if the car size is monstrous, it means so are the profits so no real harm done. Don't forget NQ is twice as liquid as the YM. It's no ES, but still the second most liquid emini of the four, including ER2. Anek
Attached please find my "trivial" but useful paintbars. If a TS user. Make positive bars Dark Green Make negative bars Dark Red Neutral White Add my paintbars, make CL bright red and CH bright green. ...or your desired colors of course. Should help with price action. Anek