It snowed in London this afternoon, just as I was collecting my car from service. We are not used to snow and there was chaos and sliding. Luckily we have all wheel drive.
On the other hand, not much chaos in the ES today. The first trade was a little later than usual and our entry was a little late too as the market was so quiet. And then they hit the gas pedal when RTH opened. It was all quite smooth with both momentum and CVD confirming the moved. The range bars eliminated most of the chop. The single prints in the Profile in the first hour of RTH mirrored the vertical move of 16 December. We took the 3 scales on the trade and called it a day.
Click to enlarge
I find your methodology fascinating and baffling at the same time.
ReplyDeleteIn this trade you sat in it for 2 hours of chop, never got more than 1 tick in your favor, took 9 ticks of heat multiple times....before it finally took off on the open.
I very much look forward to your webinar where presumably much of this can be explained in greater detail than "It was all quite smooth"
Pretty Amazing run this a.m.! Beautiful trade!
ReplyDeletebryan, once I put the trade on, all I had to do was wait for it to develop or exit if something changed. this is where having a lot of years helps. these christmas markets are like that. my stop was never close to getting hit. KEY PRINCIPAL:I would rather be stopped out than miss the move if there is no proper reason for me exiting. boredom isn't one of them.
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