bad earnings from eqix, some tech being taken out to the woodshed, remember those paddlles with the holes in them. http://finviz.com/map3d.ashx
Gap right below these levels. I somehow doubt we're closing it today, but wonder what will happen if we reappear on the other side of it by tomorrow's open...
Not bad trading today, I timed when I wanted to wake up perfectly to catch a trade long which I timed pretty good in that I got in the trade, I could have done more contracts for this ES trade but lately have been doing less contracts and trying for more ticks. Yesterday night, I setup a limit order trade to get me in CL and then went out. I was thinking if the limit order did not get hit by the time I got back, I would just wait till the next day to trade. Well, the trade was filled and I was in a small draw down but stop did not get hit, trade went to BE, and I almost thought about just killing it there, but then decided to leave it. I then min the screen to do other things, but then finally looked, market was making a HL but I thought it may have been reversing so I killed trade for 12 ticks, but I could have left it to hit my original like I did for the ES trade which was a perfect trade for setting correct stops and targets. The good news was that the CL trade last night turned that day into a profitable day. The problem yesterday is I counter traded on the ES and when my stop got hit, I assumed market was going higher, so instead of basing a signal based on PA or indicators, I went long on CL, and got stopped out, I went long again, then got stopped out. Good news about these 2 trades I did not move stops or average down. Finally, I went long a 3rd time, and also note, ES was not tanking or anything to signal that I am wrong in my direction, and so finally 3rd time was a charm. I admit this time I did do 2 contracts, but I also let the trade ride to my target and it erased almost all of my losses for yesterday which was over $ 400. In hindsight all 3 previous trades were incorrect and shows how much better I could have done with just a limit order or a price alert to look at the chart based on my system rather than getting stopped out until the market reversed.
Yep, that's the one at 1132.75 ES (1143.25 upper limit), thanks. Weakness seems to be NQ-centric, though.