Discussion in 'Journals' started by Buy1Sell2, Dec 23, 2016.
I am looking for 51.75 here ES. short small position at 235.58
Took me out 235.19 tried to hold on for follow through but pop backed up and covered me.
oh well. we 'll have to regroup and try it again. Pricing is 2347.75
No real big sell signal here, just normal movement for now.
i often find non-farm days to be difficult to trade. This is due to the elephant bar @8:30est that occurs after the news hits. Sends price structure into some unusually screwy patterns. When I see market open and price hover somewhere near this elephant bar, often taking 1/2 targets and being done early on day as I'll often take more losers than normal. Just something to keep in mind.
I typically think that on days like this you have to drill down to very short term bars for entry and pay particular attention to longer term context.
Nice little comeback here as we're at 2355.75. We're in a position to make a run at Wed highs, since we printed 2354 yesterday, but really need to clear this 57 area in the next hour or two for legs.
Shorted es 54.50 via spy, out at 55.50. boredom trade gave back some morning profit, may go down now but had no premium reason to short 54.50, so will just take my loss and call it a day.
Heading out for a bit and will check back later. Still long here and looking at 61.50 as short term resistance . Would like us to be through there and residing at 2364 when I return. ---Make it so---
No real movement but I did like that there was no sell off today so staying lon
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