I took the $800 loses on ES futures but kept all the put options, so on a losing trade, am up pretty good. But it starting to form a base, so placing stops on underlying to trigger options at 2712.50. Big bar to run the stops?
As a day trader I don't care what it does as long as there is range and structure....today and Monday were beautiful....yesterday meh
Bingo! That`s precisely what i`m looking at ... Monthlys dominate the tone for the front month... Gravestone/ Shooting Star... Monthly takes precedence on future PA. Tomorrows close is a big deal on Months end.
Yes, it would loom. Sitting there. It's a reminder not to throw caution to the wind. Let's see the action the next day and a half. For sure, getting long(er) is threading a needle right now. If you read the overall charts as bullish, then it's a great place to fish. I'm looking across 3 time frames to pyramid, the lowest of which has not come close to giving me the go ahead... So I do have my concerns... There'll be plenty of time to get short if it comes to that.