I dont mean to be a skeptic but if you were all out at 1443 then hitting 1444 would be irrelevant Unless the 1444 refers to the daily profit, making it one heck of a coincidence ! heh
Risking 3.5 points 1/2 out for a +.50 remaining 1/2 out or +1.5 Average Profit: 1 pt (1.5+.5)/2 Risked: 3.5 pts I dont think I would feel comfortable risking 3.5 points in order to make a net of 1 point. I dont like knowing that 1 loss could take about 4 of my winning trades away. Is this usually how you guys trade? Just curious.
Opening bias is strong, secondary to after session close reports. First report of significance is 10 AM est USA home sales. The report wont come out as strong as expected. But it wont come out as weak either. German Ifo data came out less then expected. Asian markets weak overnight. Chinese trying to curtail equity bubbles by advising public not to use borrowed money to speculate. Oil should test stops on the low end. Bonds should rally, secondary to tame report from housing. Will coincide with European sentiment. Markets should rally on the open then try to sell off after housing report, will test opening range. It will fail to bust opening range, and then proceed to bust stops on the highs before housing report. Then retreat between the stop busting highs and opening range highs.