We may still go to 79.50 on inertia alone - or break slightly below 78.00 on a run of "it can't go there"-stops - but I think we are going to end up near the highs, regardless of what the ES does. I don't think there are many position traders that want to stay short overnight with a hammer-and-anvil storm combo Edit: That lunch-time retracement to 78.50 is looking so good in hindsight Edit 2: Good luck cstfx - have to admire your patience
I've had my finger on the red "ASK" button for the last few minutes, but I opened a sim trade in the euro to gauge its movement and it's (and ES) still in the green... Wait, wait...!!!
small short 78.75, stop 79.00. we've failed to penetrate so many times, i hope we head down in the close
There's a gutsy man! Not to tell you where to place your stops or anything (I know, I'm such a dick), but that 79.00 stop could get real expensive if we break hard. Then again I'm in the red today, so WTF would I know?
DO NOT, I repeat DO NOT go long at 78.96!!! I played yesterday's breakout through the LOD via a stop order AT the LOD and was rewarded with 8 ticks slippage! Get in early or via limit order only.
Tomorrow could be a interesting day with that storm for the weekend, not that many seller will leave position opens.