Been taking way more trades than I prefer today, mostly scalping and getting stopped on small profits/losses, but still ahead for the day. I now see a triangle setting up on the 5-minute on all three indices. Prepared to getting in on a breakout either way. Target below now would be the previous day low. First stop above may be 72,50, which is the 50%. Next is unchange around 75. I`m kind of favouring a short at this point due to the heavy selling earlier in the day. But then again, it is a t-day after all
not trying to get you to adopt averaging,just explaining a few reasons why and asking you to stop bashing a style you have limited knowledge of,the aim is finding better ways to read the market,learn to trade that, and put that into your big picture/acct,i'm open to all methods of learning ,i am mathematically challenged so that leaves out quantitative,waves,programming and a lot of other styles that are beyond my imagination let alone grasp
it may or may not turn into a trend day,odds are lowered awaiting jackson hole rhetoric,but it is taking shape since 9 15 cst...that's not a flatline on uvol but similar
Not any follow through there. 60 serves as support and although I think it will ultimately break, I`m trailing my stop to 1163 for now. Patience is a useful trait when trading the ES. Not always easy to be