Thanks. I will get paid on this long - problem is it will be spent paying for my losses. I'm still finding may way here with regards to actually trading my calls. I've tried larger stops too, but am not sure it's the solution for me. I probably need to improve my entries and patience/trade selection. I'm doing better than Friday though by being more aggressive/nimble going in/out.
Or maybe reduction in size (if thats possible) or trying less leveraged instrument like MES so your positions can breathe a bit more. All just ideas of course to see if they help you out, even if just for a bit. You are running your system so you know best.
Still in the range ... I'd really prefer it not breakout today and instead retrace because I'd like to buy fresh longs from schizo so he can cover his short 2019 at break even. Price can do one of three things, break out, retrace, or range ... I'm not doing anything until we get a breakout or a retrace. This is cash $SPX ...
We could still have a trend day if - after lunch - we break to 2885-ish (But yes, the first 90' were choppy as hell)
Sure we could. He asked what his chart looked like when he posted it, not what it looks like at 4 PM EDT, right? I was just being a smart a$$ By the way - way to light up them wicks. I see @schizo is doing his part to try to blow 'em out.
"Chop" is simply a trading range and trading ranges always breakout. It could be up or it could be down but somewhat more likely to break in the direction of the trend coming in.
Not yet... It would be a quick rip north & quick dump south is what it look likes... I was able to get 2 cars off at 70 to the tick.. high print... with IB , you have to trade thru to get that fill.. which tells me Timber is trading against us.