Thanks, I will try a 932 anchor with a 233 for entries. Did my scalping strategy agree with you methodolagy?
c, 5000 volume for the ES. However, I'm constantly resizing it to look at the micro view and the overall big picture.
Anek, What is your take on my scalp strategy. It seems to me that it would confilict w/ your average up recommendations because in the end I am most of the time only holding one contract when I started with two.
Post some charts of what you are looking at guys. I shorted right on the downtrendline into this new downleg and covered way too early because i have been getting cut to death all morning. You're your own worst enemy i guess..
I did the same thing on NQ. Got back in short and rode it down afterwards though. I've found it really choppy today...
I saw some plays but there were so many false moves that I couldn't even take the good stuff, at least from the time frame I'm at. Definetely choppy especially on the 1000 cv today. EDIT: The fib levels today have been very itneresting particularly 23.6%. Draw the fib extensions from the high today to the low and you'll see. The sell off was like butter after it went through the number and numerous times it acted as resistance. Also... ES has been easier to trade today but I have only had it up to confirm entries. Entered short 2058. 38.2% retrace of last move. Out. Looking for another...