2 NQ stopped (I am still holding 17 various contracts SHORT across 6 accounts) at 1752. So I will re-enter these SHORT when that ES contract touches 1248.5 - lol - and peraps watch the futures contract in price by the 4:15 pm close.
Joe, maybe you can help me with this. I know I am fairly successful with trading furtures contracts - but I should know this. We all know stock rise and fall in price based on demand. Furthermore indexes rise and fall based on the select stocks ever-changing prices. If futures are based ion these indexes how can anyone "move" the futures without the underlying stocks in the index also changing in price i.e. being bought and sold?!? Also overnight and weekends these futures move so I take it an even smaller sample of stocks traded on other world exchanges dictate what the price of ES, NQ & YM are - since I am sure they don't ALL catch a bid?!? Or can Johnny Futures-Mover come along and place a big order and move the ES up 10 points?!? phewww!!! go figure
Never hit the ultimate target, volatile trade. . .but low volume. I did get my 2 (swing) NQ contracts back SHORT, again. . .at 1745, lol. p$
Joe, what are the rules for trading these levels? Where are you placing your stops? What if the overnight triggers your price targets? When do you get in? Do you place trades to be executed after the close? Do you hold overnight positions? Thanks
Well, I will put together all the answers to all the questions Just don't have the time right this morning But quickly to answer the pivots or levels just like anything we trade you need to know how to read price action! as well as MOMO in order to hold till the target The levels that are posted are areas of S&R so they are areas the market can bounce from if taken out the market will go to next level! Good Trading, Joe Baker
Target just hit! 1212.50 now if we keep going down LQQK for 1207 area and a retest of the lows @ 1200.75 under that next big area is 1186 you can also look to the levels to re-short on bounce easy money is the breakdown or break up Now we have to work for a living ...........lol My balance chart gives me targets, I will post when it fires off at the open !