daytrading price targets

ES didn’t open when you think it did. My guy on the inside works in Europe too.

I don’t show my charts. But on a day like today I don’t need a chart.

 

That is true. Everyone has a rear view mirror. Good to look ahead too though. That’s where the money is made. On free money days, just have your hands out.

 

that's some day trade! do'nt know how someone could see that coming so early in the day. Well done

 

Just read @speedo answers. He KNOWS and gives good advice.

 

Exactly right. After a big overnight drop already, you have to always be mindful of the gap fill. You can't just take a short at the open even if you have high confidence in the day ending very low. If you simply short at the open after a huge overnight drop, you will get killed half the time.

 

Yup you're guessing. So would I if I answered without knowing the trader. But I try not to do that.

 

In keeping with the theme of this thread, target reached!

 

I almost never use targets, much prefer price taking me out.