I've been monitoring BSC, LEH, GS, MER over the past few days Not one of them went to a new low on the day when the ES did. wild market. .
True. But if I'm scalping off a 3m chart then I'm reading the 15m bar to bar. In my world it looked bearish.
Yeah, I think I remarked earlier that this looked like a scalper's market. I'm a little out of practice, but I must just dust off my scalping hat and try to grab a few points here and there until the ES decides where it really wants to go. My price channel on the daily chart shows potential for only 5 points down from here (today) but up to 85 points up. If I was comfortable with >5-point stop (which I'm not), I'd probably go long on the next pullback to 1390 just based on probabilities. But since 2 points is about my maximum stop (and I prefer 3 to 6 ticks), it just wouldn't be prudent!
You mean like this? 11:12 am 1406.75 12:01 pm 1386.50 (edit: cross posted) at least I am paying attention.