Last night, I place a limit order at 1290 (it was max risk i could with 4 contracts 1280-136). I always do what I would do on my sim account. When went to sim, I felt 1300 would be a decent limit fill. Low was like 1295. But, I wanted to sleep well and that would have been my entire account at risk. I had some positions on, already, as well. I'm seeing some weakness in the market. I'm hoping today we'll get a creeper.. end up about 1324 but just creep up, keep everyone guessing the whole day.
Yes, wouldn't it be nice to have it gradually chop and squeeze up with shorts selling every break to new highs that doesn't "follow through"? (these are probably the same folk who bought all the dips yesterday). Might not get it though. If shorts aren't playing, we'll go down. Getting concerned about non-participation on both sides. That isn't good. Just going to stick my orders in a tick better than breakeven to account for slippage / costs and switch off now.
looks like you're getting it - good call. I estimate 1322.75 perhaps at 12:10 or 13:15 (Though i had had 1319.25 as the peak and it's been 1319.50) 1329 is a possibility if it doesn't peak til 14:50