hehehe, yeah I play here not trade. pending cancelled as there is triangle on 5m now and I buy on stop 17.25 for break of 19.25 and sell 14.75 for 7 ticks. Vola voila lol
You should look into crude oil maybe. I also think that market may be better for getting stopped into trades, at least with small size. My experience with stopping myself into trades on ES is poor, since it backfills so much. It's good on a rare setup where I can catch a momentum move, but those are rare these days in ES. I`m still entertaining the short side and holding my short with a 2 point stop. Ideally, we stay below the local resistance at 16,75, but we could still make a push towards the highs and fail and I will still remain bearish. However, there is of course a chance that we take out the highs and trade up to 25 as well, so I'm ready to play that if I`m stopped and it looks like a long.
Stopped. No new highs in NQ yet, but back above Friday's low. Looking better for the bulls now. I`m long from 18.
Don't worry I know crude well and trade it every day, well almost. ES is fun now because there is no more liquidity elswhere.
if you are a fellow retail piker , then why do you worry about CL liquidity being lower than ES? Serious question - since if you trade big (50 lots - its a different matter) but if you are trading just 1-10 lots in CL, why do you think liquidity is an issue?
Wonder how Spectre's 26 points ES drop and INDU 12,900 call is going to hold up? That was a Wednesday/Thursday call with target being Monday.
slippage as in my way of trading the market has to come to me and not the other way around. CL is a wild animal so are most of the currencies. When I swing then ok but I want thrill to fill time gaps while not getting screwed (too hard). Don't understand your question fully anyway I guess
I fear I may be getting chopped up today. All my entries have been green and if I took a scalper target on each, I would have been up quite a few points. I'm not good at applying my own medicine. I`m a little confused as to the overall direction right now.