Done for the day here. IMO what will happen now is large blocks will trade both long and short as the larger players reconcile the Fed day and today. Not many will pick a direction AND have someone else follow through. I.e. a lot of chop with a few tradable trends. Tradable here means for my strategy. Other more nimble traders should be able to get some.... That being said. L at 79+! (paper-manual) tgt 84 sl72. And out +18 ticks. Got a Sim magic fill at 79.5
calling it a day. Didn't break any records or set the world on fire, but happy to be decently green rare day tomorrow when i'll be able to watch the market all day. Good luck
Yes. I saw your list earlier in this thread and realized there wouldn't be many trades I would be qualified to take if I should use that one to the T. Haha. But it's a good point. I've definitely forced trading on days where I'm not in a good place to trade. Usually if I'm busy with or tired from the day job. Or if I just don't feel like committing to sitting down for a few hours and I'm looking for a quick buck. Going back to what I said about my aim being to exploit the day type or day range - I also believe that every day typically have what one could consider easy money. Let's say it's one big directional move covering a lot of range. I find that once that's completed - trading can get more difficult as the rest of the day can be random oscillations around a new equilibrium. So, if I missed that move, that's also another cue to call it a day or at least have very low expectations. A perfect example is right now going into the last hour. We covered 50 points of RTH range. That was the easy part. The rest is more random, although my data give some indications. The R/R isn't good either way, though. I always have a blank sheet of paper at my desk and will often write down stuff and try to coach myself (I have a thick skull, so it doesn't always sink in so quickly). A few days ago I actually wrote this down which I think is pretty accurate: "Shift your focus from trying to nail down the next big win to nailing down today. Today can be a narrow range day. Nail it down." It's essentially the same theme I touched upon earlier today. We have to trade the market as it is. Not how we wish it to be. Not what would benefit us or any position we may have on. Bringing our own baggage and imposing our own issues and wishes upon the market prevents us from seeing and acting objectively upon what's in front of our very eyes.
ES will most likely close above 5780 today. So, if there's a good dip below that it should be a LRL into the Close back up above 80.
fedex dropped 14% after market, is this a game? fdx constantly disappoint the earnings and contantly being boought up.
Anyone happen to see that beautiful moon tonight on the eve of triple witching? Rare. Harvest and Super. Hey where'd SPX top today btw?