OK, my 114 12 exit worked out very well. I was gone for the trip down, now I've entered again at 114 12 and I'm looking for the following targets: 114 08 114 03 113 31 Unless strange news comes out, I will blindly sell bonds at key levels today and buy the ES at key levels. In addition, I'll be looking to buy stock.
0802 CST OK out at 114 08. Missed 114 060 print due to posting here. That is it for now. By the way, I think my posting of the 114 28 level a few days ago has been worth at least 1000 USD on a 1 lot basis. Today is a redemption day. Get busy.
I did a lot of little scalp trades from 114 06 to 114 035. Anyone who is trading live will know what I mean. A decisive break below 114 00 / 113 31 will probably have an ultimate daily target of 113 13.
0813 CST Sold into the low at 114 045. I don't normally like doing this but I think it is a safe bet that 114 00 is a given.
0815 CST Out of everything at 114 025. Anyone who has read my thoughts on the 00's knows why I did this. I'm watching and waiting.
0824 CST We've travelled a full point from levels earlier today. Full point moves almost always stop and consolidate for a bit. It is hard to say how long. I took a small position at 114 01 (after the kiss of 113 305) and will hold it as I feel we have lower to go.
0839 CST If we can't break 114 00 now then the risk is to 114 08 to 114 12. I still think we will go lower, but you have to respect price action. Since I have very small size, I'm not overly cautious, but I'm not going to sit there while it moves back up to the two levels mentioned.
0843 CST OK out of everything at 113 315. I can't say why other than I didn't like the action. If we can finally break this area, I think my posted 113 levels are a given. I'm going to take a break for 20 minutes and ride my bike. Yeah, I could miss a 10 to 16 tick move.
if I can ask for some help, what time frame do you use for your swing trading? 15 min, 30 min, hourly, daily
114 08 might be a good short. 114 12 would be better. Once again, watch price, keep any eye on the news just in case, and especially follow the ES as a filter.