Thanks for that reference. I see that Monday's overnight gap up was close to +20 before it rolled over. Also similar to this situation: the lead-in Friday's RTH range was very small (<8 handles). Friday 9/10's range was 7.50.
I found that CL fit my trading personality really well. I'm trading 1 until I attain the trader's mindset (Douglas' Trading in the Zone"). In case I never attain the trader's mindset, I'm having my geek of a husband program an automated system based on my trading style and all he can talk about is how quickly we can go live and trade multiple contracts once he's debugged the thing The nice thing is the automated system trades every signal; it doesn't look at a signal bar and come up with 4 reasons why the trade might not work all that well and sit around waiting for the "perfect setup". I traded one of the best setups I ever saw a few weeks ago and it failed. I left behind several fine trades because the setups didn't "look" as good, and waited for the perfect setup and I found it so perfect that I didn't even move my stop to break even and it failed completely and handed me a loss.
Another case for the shorts tonight: technically speaking, ES has had 3 upside unfilled gaps in a row if you don't count cash gap fills or 1-tick near-misses. Actually by those standards 5 out of the last 7 sessions were unfilled upside gaps for ES.
Good Luck with that :] Just because you can program in C++ does not mean you can milk the market at will.
She milks the market at will without the ATS. Trust me, I've seen it in real time for a while now. In fact your statement may be correct anyway. NoDoji has heard me express my slight doubt about whether a programmed version of her trading method can do as well as her discretionary trading over time. In any case, I hope it does and I'll be very interested to see if it does.
not a long term forecaster ,but if this was a one day chart since mar 09,we rallied up to an old resistance,back down to the nip,we traded under the nip , down to the cleavage,back up to the nip, if we break above the nip there is a ledge at 1144,if we cant break it,normal next move would be back below cleavage to next nip.{930-901}..not trading it..just brought it up..maybe someone who trades these longer mp charts can chime in
tomahawk's being very modest about his own uncanny ability to pick counter-trend entries 2 ticks from tops and bottoms
As long as we're on the subject of modesty, that loss NoDoji mentioned of hers a few posts back ... was about her only losing trade in several weeks.
hi ammo, can you share some details on how you scale in your positions? e.g. % of capital every time you scale in, maximum loss, etc. thanks