Boring day for me today frigging ES in a 5 point range, nothing so far today, was thinking about NRG long again on the gap up but didnt wanna chase it.
NQ moved a lot. It made many trips between about 5777 and 5807 or about 12 ES points. Path length was large.
I dont have as good of numbers on the NQ so most of the time i just like sticking with what im familiar with, which is the ES, Ive had it on my main screen every day for like 10+ years, so i just like dealing with the same numbers day in and day out.
Lose the ES man. There is no point hanging on to a loser in range. Why are so many folks afraid of giving up their screens to a more ranging instrument like NQ? What is the appeal of the ES? And if someone says "liquidity", I'm going to shove a sharp umbrella stem up the rear. Enough with that silliness.
Overnight....DPZ is Dominoes since you asked in another thread. You like Rush right? Max is a Canadian... today is 7/14.... Trumpy's in France. ... time to put a quarter in the juke box for the ST Happy Hour. Amazing these guys still kick it 40 plus years later.
Banks look weak early, probably going to be shorting something there, C, WFC, JPM earnings, right now top watch is JPM but im waiting for it to setup so i can short it.
Feels like the ES wants to put in a fuck you bar today and go straight through 2450 into the weekend to jam some shorts up. Im notchasing it as its a low probability setup but its got me being a little cautious on shorting the banks now, i took 1 small scalp long JPM at like 90.91 but i bailed on it real quick it was just a quick scalp for a thousand shares.
Let this day run it's course...there's a lot of building reversal signals at some really nasty places (middle / top of the bollingers; strong resistance; new resistance; some at all of the above). People will be lightening up in risk for this weekend going into the end of the day.
Yeah i havent done much of anything two trade on JPM made 30 ticks one time lost 5 the next, but its just chop city out there today, hopefully this isnt a sign of things to come for earnings seasoin.
I would do it if buying power was an issue, but i can already short more contracts than im comfortable trading on the ES, so i can make up for smaller range with more contracts, plus im not a regular trader on the ES, im not doing it day in and day out, only maybe like once or twice a week. I understand the logic, and i agree with the logic, its just what i feel comfortable doing after so long cause ive always just watched the ES to guage the market, so its literally the only chart i stare at day in and day on my main screen, theres just different kinds of subtleties you get used to with each instrument, an i just feel like my main edge with the ES at this point is just knowing how it likes to trade.