... or for tomorrow's jobs report. Some say that this report will probably set the market's direction, or the lack of, for the rest of this year.
Having missed any opportunity to join the early short dominant between 09:30 and 10:00, I decided to take a long at the break of the sym pennant at 10:00 (entry 1550.00). I quickly realised that I had entered in the non-dom direction of a wider short channel (decreasing black vol) so prepared to reverse and did so on the 10:25 bar at the break of the fbp (entry 1550.00) with supporting prv. This seemed to confirm a pt3 short at 10:15. However, the 10:30 bar formed what appeared to be a new pt3 long (and ftt) so the trade was exited at 1551.00 on the break of the RTL. I am not yet utilising finer tools such as str/squ, DOM etc. Is this the best that can be expected if using only coarse tools (ES, YM and prv) at the tree level or was there something that I missed or misinterpreted?
Steve, When was the last time the PRV tool was updated for the latest volume / price moves... thanks... <img src="http://www.enflow.com/p.gif">
today I managed to lose 6 points in the this QUIET afternoon using reversals ( try to do SCT like PointOne )... Looking at my trades, suddenly I don't recognize myself.
a little knowledge is always dangerous. http://www.elitetrader.com/vb/showthread.php?s=&postid=1328612&highlight=sct#post1328612
Are you sure you were trading at the tree level? It looks to me like you traded at Limb level. - Spydertrader