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and for that reason alone I expect it down in RTH too as they cannot close until the market open.
SO maybe a globex rally now and then drop again in RTH?
Just speculating really.
Plan your trade, trade your plan!
i never had any doubt that my 23500sh dow short or 11500sh dax will come good
but normally i would hedge on the way up and down. Due to work commitment
i fail to hedge on the way up but i did hedge a few times on the way down.
made profit in the hedges but my biggest fear is about to become reality i might have to close a hedge for a loss.
Last night i went long half my position in dow at 25167sh against my system and it is possible not to see this price again.
My system says hedges should be taken only at prices that did not trade twice as they have high probability to be traded in a pull back.
So a hedge below 25K will had been valid but not where i took it.
My experience says we should not see that number today if we see it then we will delay arriving on the final destination which is to close my short.
The dilemma is do i put a limit for BE but if it goes to 25167 for sure will go more than that so all dependence if i have time to screen watch.
Hedging a hedge had lead to disasters in the past so i will not do it i rather take a loss at some point.
Thanks guys, it is just one of those lucky moments that we get every few years lol.
I also closed a previously massive underwater SPX from 3003.7, that was now in good profit this morning. Made circa 60 points on that too.
SO really the week is done, but for me it is never done.
SO far so good with the globex rally and want to see if I get the RTH down.
If so I will need to short again later on (Will see where we are later)
Plan your trade, trade your plan!
i never had any doubt that my 23500sh dow short or 11500sh dax will come good but normally i would hedge on the way up and down. Due to work commitment i fail to hedge on the way up but i did hedge a few times on the way down. made profit in the hedges but my biggest fear is about to become reality i might have to close a hedge for a loss. Last night i went long half my position in dow at 25167sh against my system and it is possible not to see this price again. My system says hedges should be taken only at prices that did not trade twice as they have high probability to be traded in a pull back. So a hedge below 25K will had been valid but not where i took it. My experience says we should not see that number today if we see it then we will delay arriving on the final destination which is to close my short. The dilemma is do i put a limit for BE but if it goes to 25167 for sure will go more than that so all dependence if i have time to screen watch. Hedging a hedge had lead to disasters in the past so i will not do it i rather take a loss at some point.
Played that game many times before Stahs.
My problem then was i would end up averaging the hedges and part closing the position original position. That would nearly always wrong foot me and leave me positioned wrong.
Plan your trade, trade your plan!
US futures made a nice bounce, thanks. Now look forward to US rth.
Awesome.
Plan your trade, trade your plan!
What a day … profits long and short.
I am not a professional … more a gifted amateur
but today I am a happy day trader !Never give up, never surrender.
Sorry just could not post fast enough but made a quick 10 points shorting SPX on the opening RTH tick as per plan.
All I can think now is short the 3000 roundie. Dodgy now in OE week, but thats all I have.
Plan your trade, trade your plan!
My 2020 projects … Bull/Bear and as yet unnamed Timing
are coming to the end of their 6 months trial.I feel the many hours of effort are worthwhile and do
warrant more study and a trial into Christmas 2020.I will decide next weekend IF the two predictions for
both monday and friday are correct.Today I am in profit and that is all we ask 😉
Never give up, never surrender.
Excellent Chris. There is no substitute for hard work in this game.
Plan your trade, trade your plan!
Short 2997.4 (basis 3000 roundie). God knows.
At this point I wonder if I finally got out of my 3003.7 short after 3 weeks today only to get stuck in a 2997.4 one.
On the way down 3000 was a pain to break. On the way up it does not even sneeze.
All about where they want it on Friday now.
Plan your trade, trade your plan!
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