IMHO all markets across the board are in bull mode, best to buy dips and not sell potential tops of oscillations, again IMHO. Win loss ratio is improved considering a large sample data of trades whenever counter trend signals are ignored and only trading opportunities exploited in line with the predominant trend.
2/3rds of my scalping today was selling, but then I am not in trades long, but all were with the trend. Just trading noise, LOL 1 of my losses was on long side and other 2 on shorts, just keep trading till losses made up. I don't use stops, hassle for me, mental stops are like real far away, losses I usually get is when trend changes and waiting on reversal signals, so they usually never more than buck and half.
That's an interesting, quick at a glance analysis. I'll test to see if that quickie has value within my stuff. I luv quickies! Thanks for the thought, ET2017!
I had added to this position as it went lower so min I make was a buck on original signal. Time for Starbucks
-8 point drop / swing back to just above the opening level. -6 would have been a good level, although I prefer -5. - 8 is brave because the market might not even get there . Couple more days and I'd say the ES will be tradeable, I kinda feel that some retail might still be stuck in holiday mode..... or sipping mojitos in the Carribean .