What 12 hours?? From what I can see, it would be more like 3 hours. For better illustration, consider the chart below. First, let's recall where you got in and out. That happened on the very first candle. That said, had you waited 2-3 hours, you would have been reward pretty nicely. At the outset, your risk:reward for this setup would be almost 5:3. However, after the first candle, you could easily trail your stop accordingly. Hence you reduce your risk even further. Of course, this doesn't discount the fact that it could have reversed on you on the second candle and you got stopped out. But the reward clearly outweighed the risk, considering that it was a thinly traded market and it gapped up and headed higher. Just my 2-cents.
Schizo, It did not break down below my initial short until early this morning in the meantime I would have had to endure a 14 point potential loss until then, in this case I will go with small balls. BTW I have always enjoyed your posts.
OMG, so sorry. I thought you were "long". Now I see that it was "short". Damn, I need to get me another glasses. Likewise, I enjoy your posts.
Xmas on a Sunday is actually rare. It happened in 94, 2005, 2011, 2016, and 2022. Each year 12/25-12/31 has shown a nice gain. Next time it will happen: 2033 Edit: queue @Overnight in 3, 2, 1...
Regardless, there's usually a rally in the final week of the year. They don't call it a "Santa rally" for nothing, right? BTW nice call last night. Spot on.
I was leaning towards a nice up day tomorrow, but today's action, it threw me in limbo. That said, if i had to pick, tommo is heading up. If not tomorrow, Thursday for sure.
One more thing... Xmas Sunday's aside... When my dog's left ear stands up while the right ear remains flopped down ... that's a sure sign of a +1.23% gain on the ES the following day. Working on how to code that presently.
Oh, a cryptic message. I hear ya, just as when I get jock itch, I swear the market tanks by at least 1%.