Lay that guilt trip on me guys. I still took the trade and got out with 1.25 points. Thas is about my usual for a scalp like that. The .25 was just to pay for commission and the 1 point was for my side dishes and drinks to go with my steak.
I am not sure at this point but here is something I am watching right now. I kind of looks like we might be starting the next wave up on the Q's. I will know more as it reaches 39.50 or if it reaches 39.50
Gary This morning before RTH the 1308.50 target was reached. But the trade should have resulted in a 2 point loss as it bounced of 1308.00. I looked to te previous day and there was a resistance level at 1307.75. Could it be that's why we bounced of this level in stead of ging down further? Or another reason? If you whould have been monitoring the ES at 3:30, whould you have taken the trade at 1308.50?
Yes, if it had hit closer to the open or after the open I would have taken it and taken a 2 point loss as well.
Got that cooling in the fridge right now. We had pool party at the house this past weekend and I had to have Big Red to go with BBQ.
What do you think about the resistance at 1307.75? Not worth looking at as it has been 'taken out'? I know you ony look at 'virgin' sup/res areas.
Sorry, I guess I didn't answer your question right. Yes that had been negated. It may have still held up for some reason or it could have been a fluke. No telling. But it was taken out so it should not be considered as support any longer.
Ok tnx Do you consider using an automated system to trade your signals? Even when you are not monitoring it. I read that you try to trade as mechanicaly as possible but your stop is sometimes discretionary?
Never really considered doing it automatically. It has been brought up before but I wouldn't know how to do it anyway. Plus I enjoy actually doing the trading myself.