Out half here into strength at 79.50... I was a little bigger than I wanted to be adding to position at 2645 ... Now sitting comfortably going into the overnight.
Well I thought oil was going to go up due to OPEC meeting, so I was killed on that trade, but then I just traded PA the rest of the night and then day when I woke up and scalped my way back to just under even. Actually, if I took my last trade would have been a profit for the day but got scared that so many winning trades in a row was looking more like luck then skill. So I need to re-read my rule which says better the trade the PA then the report. Just trading PA seems smarter than trading different reports. Of course I still check oil reports that come out on Monday and Wednesday. From my understanding, non farm payroll report will come out on Friday probably while I am asleep. Per my study, if hourly wages are closer to flat, then don't look for more interest rate hikes due to wage inflation. So in layman's terms that will be bullish which will show up as a higher price in ES futures. If report bullish, I will look for a long setup. However, if we arrest another Chinese company leader or China retaliates on Friday look for price to break down after that event which would appear as a break of supports on the ES futures. As for posting ones trades I did that before on this forum in the past. Since now many of my trades are scalping, the trade could be over before typing here or price could move farther than where I said I entered the trade. When I did Forex trades, I mostly did buy or sell stop trades that got activated later in night. I may go back to doing them but I would have to stop trading futures since too hard to trade 2 different instruments at the same time.