I have a sell signal here. I will regret this as the ES tends to ignore all sell signals and go up, but I will close this long here for BREAKEVEN and look to get long again at a better price, hopefully
The SPY hold is simply riding the wave and unlimited fed intervention. cost average is very low. will sell down 1800-1860. I post the spy buys as they are where I see decent long term entries. scalping and small swing ES....can't stomach the chop on more than a few contracts.
Already regretting it, lol. Gave away some more easy profits there. Silly to close the long in hindsight.
The other 25% is for trading in the direction of the gap and not fading it. Paul Tudor Jones is famous for picking tops and bottoms, but he used a 'tight' stop and were willing to be stopped out many times until he were proven right and got paid. No worries.
Annoyed that I was in from a better number and very stupidly took notice of a sell signal. If I could program, i'd take my system, and make it 'ignore' sell signals altogether on the ES (but still trade 'both ways' on CL) Still onwards and upwards. Imagine we'll see 1740-1750 within a few sessions
The market won't even pull back more than a single point. Kind of ridiculous actually. If the market does not stop and attract some selling at 1724-25, maybe that gap below will be left behind for a while?