We had a previous gap at 1196.50 ES Dec that we've already filled. We have today's gap below at 1179.25 (for a fill) or 1186.75 for a test of its edge. However, so far we're having a strong trend day and now comes into play the 4-day weekend, so good luck making a call here
Yeah, I think I`ll remain firmly seated on my hands or trade in simulator for the rest of the session Should we expect to see any volume/movement at all on Friday? Seems like I won`t be able to trade anyway due to the early close.
I think that the US fund managers have totally lost their mind. When North Korea is starting a brutal attack on the South and there is a clear danger of war - they are taking risk on. Stupidity can not be healed by taking medicine. Buying 500 x 1080 puts.
As usual (16:15 EST) http://www.cmegroup.com/tools-information/holiday-calendar/files/2010-thanksgiving.pdf
Hello Rashid, I appreciate the input. Actually, I have never really looked much at the Globex night session at all. I might be able to trade the first hour until 5 PM, but that`s all I`m afraid. My workday is long enough as it is and I`m already sleep deprived I`ll look into it though. Thanks for the heads up and good trading to you! PS: If the ES market is the "hardest" instrument to trade, are there any markets that are "easier" to trade? Liquidity is probably not a concern for me at the moment, but I do like the fact that I have never experienced slippage in this market. I appreciate the input, ND, and I`m well aware of this fact, thank you for reminding me Even a great trader has losing streaks, it`s just very hard when those come during the first month of live trading and it`s easy to start questioning everything. I have had some excellent and well thought out trades since I started, so I believe I can pull this off if I only remain disciplined and consistent. It seems like with the ES, a big key to success is the ability to stay out of the market when nothing is going on. However, I do have to become more flexible on my profit targets and be able to take a 0,5-0,75 point profit if I see the market is not validating my initial trade idea. Maybe that is what I should focus on, instead of actually trying to scalp. In your humble opinion, what are the much better instruments for scalping in the afternoon?