Done: 10RT for +380. Shakedown run continues with CQG. I admit the pace of the data feed makes it look like a fast action day compared to the delays from the IBKR feed. A bit disconcerting but getting acclimated. Couple of more minor tweaks today. Have a good weekend.
Yes but I need to work on not choking up on the bat too quickly. I admire guys like B1S2 who put on a trade with a 100 point stop, I just can't do that. I hate to lose and sometimes it causes me to lose. Need to work on that. But looking at the chart now at least I didn't miss out on an epic blastoff.
BTW My handle is the call sign of the airplane that I learned to fly on in 1987 in Slidell Louisiana. It still exists and is now in Brazil (it was not a young bird when I flew it). Aircraft Inquiry (faa.gov) amazing. Feliz fin de semana a todos. Happy weekend to all.
No new gaps last week, but a volume pocket was created in the 4100 area on that late session FED surge on Wednesday. Basically, the market went too high, too fast. So, maybe a pullback to 4100 to start the week. Friday's pattern also have a negative bias (net change down) for the coming Monday. 4100 won't be bought on that basis alone, but if price slows down in that area it can be a good spot to enter. If we do trade higher on the week, there's an open gap at 4230 ES / 4228 SPX. Above that, there's another gap on 4288,5 ES / 4284 SPX. We haven't had three consecutive green closes since last August, so that warrants some caution for the week ahead. We could easily reverse lower and trade all the way down to 4K. This is a trader's market, so no need to marry either view. For me, I like to prepare for both outcomes.