Most of those are ignored by the market. I have not conducted a detailed study, but in trading everyday, I can say that within the last year, H&S on the ES are very low probability setups. Especially if you consider even getting 60% of a projected target. If it appears to break the neck, better keep your stop close.
Question. Does any of you seasoned ES traders trade immediately after a news release such as the one today or do you wait for things to settle down? If so, how long? Thanks.
i dont consider myself seasoned - but i was hoping for a p/b to 89.25 to get long -but the market will tell how long it will take -i watched the 13 min candle on this move and anything inside it is death as far as i am concerned
Looks like the top calling gurus are once again wrong and the easy money was made buying the retracements of strong trends. Here's hoping for the next retracement. Cheers
I consider myself only lightly seasoned (a bit salty at times), but as far as trading the news ... I have levels I look to trade, which may hit right away or may hit never. Most times I'll wait at least 1 bar, but in general it's about the levels, not really the time.