Heading out for a bit. Will look to buy on a pullback later or tomorrow. If a short presents itself, I'll keep a short leash on it.
Why did you get out here? Trend itself shows no sign of dissipating. Or do you think there's resistance here?
We were also at all-time highs in mid-November...100 points ago. Just trying to understand others' views. There's nothing more that I would like than a pullback from here.
Overdone on the hourly and so will be looking for pullback on the 1, 5 and 15 for re-entry. I've missed an extra 5 points so far here.
On the plus side, I was planning on taking at least 12 points, so I got 2.25 more than that. If I was at 4 X Margin instead of 10 X, I would still be in, but I would be behind in total gain between the 2 margin levels.
ES just cracked contract high of 2277. If it retraces to 2270 over the next 1-2 days, I will add to my shorts. If it continues up or holds, I think it can continue.
One further thing to mention for those keeping score--- This year on a per contract basis, I am down 11.75 pts with a win ratio of 46.15 percent. However--only 2 of my 13 trades were at 4 X margin. All the rest have been at 10 X. And one of those 2 trades was the loss of 30.25 pts . Thus, I am positive for the year since this relates to an equivalent loss of 12.1 pts when calculated against the 10X trades in terms of actual dollars.