Es - 10/29/03

for sure...my strategy just dictates that if the 945 reversal isn't there, i wait until 1030....precisely because of this type of day....no news is bad news!

 

It's the solar storm short circuiting trader's brains today.

 

There hasn't been 5.5 points down from the high today on the ES.

jd

 

I don't think he said it was all on one trade so may be 5.5pts worth of scalps.

 

That is from my intraday trading today...not from any overnight positions. Now at +6.5 pts....still pretty slow today.

 

Yep..scalps to the short side.

-Fast

 

7 trades for me today at this point...all small scalps so far.

 

One of my issues is; I'm still learning how to identify a chop day and a trend day. I tried going for larger point gains this morning and took some losses...then switched to small scalps and made most of it back.

-Fast

 

If you are a visual trader use 14 ADX as a trend identifier . Start on 30min chart and go down to 10, 5, 1 min . It should be clearer that way . It is always a good idea to look at higher time frame first so you see a bigger picture.
Walter

 

I can understand why you'd want filters. I do the same thing. But I try to be flexible on the time-of-day if price is approaching something that may be important, there is a divergence, and the TOD is still within range of what's "normal".