I'm flat at 64,75 from my entry at 2923,50. Should be interesting to see what tomorrow brings as today in many ways resemble last Monday. Both days were fairly bullish with a breakout of a range and a following reversion back into the range. I was bullish going into this week, but can't say I like those 64,50 points of air below from last Friday's Close.
Have you noticed that the rally really took off at 7:30 EST, 2 hours prior to the opening bell? Actually, for the last 4 sessions, big moves started at around this time. What's up with that?
I have noticed. Not sure if anything is up other than people getting positioned prior to the Open...? I only day trade RTH, but days like today makes me re-consider and think I should start to enter in ETH too.
I think he may have thought one of us posted the entry here but it was in the chat ... We used different profit targets ... his orthodox, mine more pushing the envelope just a wee bit ... We also had it on good authority that we could expect cash to trade into this zone... 2966 being the bare minimum ..
You call it "pushing the envelope) I call it getting more out of the trade which you usually do but being a reformed scalper, I am doing better.
looking at the hourly & daily..could we have just completed a 5 wave triangle since the 4/17 high.? revisiting the options play, last time I looked at ES options they were too thin (been 2 years or so)...they are a viable option now !! - more volume and 3 expiry's per week...esp for someone like me who might be affected by the equities day trade rule..
I do not use the MA/EMA but speedo does. I took profits on the first long, and kept some runners into the next long.