Pek, CFD is legal in Canada. Ask a Canadian first next time. =D The catch is that you have to meet certain capital / professional requirements.
Should move to UK if they are going to improve overall healthcare coverage. The spread bet tax advantage alone goes a long way, especially for aged traders like me. =P
Can someone explain why the trade at 3:45pm didn't work out? I'm just curious as to what technical explanation there might be since there was nothing really bearish that I saw to suggest that it would just flip back lower.
Positioning for Monday or "market pressure"? Classic topping candle today pushed on 1131. Guess that means a rocket move up?
That line 1126.5 cash or 21.5 ES was the former resistance, in the last 3 days. The only problem with my explanation is that today we did go through it 3 times, but I guess for some reasons it still acted as resistance....The same thing happened at 12:30... That is the best I can come up with...
Previous breakout through 1122 resistance failed badly and so it was unlikely price would push much harder for it that late on exp Friday.
Was wondering the same too. I chalk it down to "Sometimes, even the best setups don't work". Oh well. But if the exact same setup occur again on another day, I would still take it. Now, I have to figure out whether to man up and leave stops at pivots or trail them once it moves in my favor.