Up it goes since the Futures market opened today (probably due to stocks earning data). Up it goes again because of Japan's rate change. Now CAC40 gapped up significantly. ie over the next few hours, it is no good for the day traders.
WTF (seriously). We're up 85 points from the 4 PM close. We hardly move that much in a day session. Clearly we're going through a whacky transition.
ES rarely moves that much during the Asian session. If Trump were president, ES could easily move that much.
Didn't really do what I thought it would do (i thought nq would rip and ES would just have a gentle, more choppy rise although they both ripped!) BUT the trade worked out well overall (NQ more bang for the buck per tick!) and i'm covering it all here. Made twice as much on my NQ longs as I lost on my ES short. Flat. Guess the play is the old 'wait for a little dip and buy' now, for me
My goodness. Did they solve every single world problem last night or what the actual F is going on? LOL. I’m not complaining as I captured a good piece of this monster move which went opposite of my main hypothesis. Switched long this morning when I realized I was dead wrong.
When I do my day trading, I only look at the past few minutes to few hours of the chart only. I rarely look at the previous day chart. There could be sudden news (eg Ismail Haniyeh assassination) can come out of nowhere.