I had a pretty decent day, only took long setups though. Unfortunately did not catch any of the short / FED fade rally wasn't able to effectively switch gears in time and was expecting NQ/ES to a little higher and closer to the Daily EMA than they did. Overall the day played out pretty much as I expected, but the fact we couldn't even reach the Daily EMA just shows how weak the market is. I know "so close" doesn't count only what you traded, just can't believe I didn't catch any of this short!!
I was the total opposite. I missed out on the long all day but I was waiting for that short opportunity all day, so I was ready.
Nice job. I likely would of made way more if I just focused on the short, but hey I followed my rules, took what the market gave me and ended up decently green. I'll be satisfied with that.
Great day overall… all things considered for an FOMC day… Long all day 4 for 5…. Will be looking to slide into my shorts tomorrow/ tonight one leg at a time! Heavies are the shot callers going into tomorrow… or so it seems! Melt up to 60-65 anticipated ….. Hope all had a profitable day… Ciao for now!
Who knows, but don't worry about that kind of stuff, it will drive you crazy thinking about the moves you could have taken. All that matters is what you can clearly define and actually take. No place for could of, should of or would of, does nothing but waste your time. I am looking at 4450ish on ES tomorrow and 14660-14713 ish on NQ as potential targets if I see a good long setup tomorrow after 9:30 open. If we do make it to those levels I suspect that will be resistance. If we start trading above the levels consistently, particular if we candle close above them on the daily, than that will be first sign of some actual market strength and than I'll go from there.
Well I was thinking of just taking the day off tomorrow anyway. So are you playing this channel then with that target? I'm too late now because I would normally start scaling out around those moving averages, but its a bit close already now.