Log: 5/22-23 (long)(algorithmic grind higher) Net +5 plus commissions (-4, +7, +2) Log: 5/24 (short) +.5 -2.0 net -1.5 Total log: +5 -1.5 = 3.5 plus commissions failed to profit from sideways trade most of session, instead short post FOMC, MFE 1.5 rebounded past 14:00-14:15 pivot and retraced towards session close.
Sold healthy amount of ES on that run up for very long term positions, unfortunately trying to work in hedge is tough in evenings, but what happens on average is HFT often times creates this and they are few in making money on these spikes. First one to the party do well and those late are buying into my and many other shorts, I don't like doing this is USA evening session though cause option play is slow.
nice stuff! You have a crystal ball. Since we are at your profit target does that mean you think we go down now? Or do you just expect a small pullback and then we continue up?