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Tag: trend
11/02 Wednesday FOMC
Today's OPEN was 3858.50 with overnight trading flat. We are opened in value and in range. Since we are in balance an opening trade is not making much sense unless the opening candle is very small and risk limited. Opening candle was only 4 points and would have been a good entry for a short. … Continue reading 11/02 Wednesday FOMC
11/01 Tuesday
Open today was 3921.75 which was out of range and value from yesterday's range high 3904.50. The first part of the session we have to watch if this gap closes and then trade with the trend or if the gap will stay open. Then we can also trade with the trend. If price trades within … Continue reading 11/01 Tuesday
Tuesday 10/25 Trend Day
Today started of with the assumption that price and value will drop. Yesterday we topped out at the important level of 3820/3822 swing level high from 10/5. This was an open auction day that did not look back or retest. The IB also only brought in 1600 new contracts only, a very anemic level. Additionally, … Continue reading Tuesday 10/25 Trend Day
Trend Day
10/13/2022 https://www.tradingview.com/x/oavnhN2a/ Extremely interesting trading trend day, one timeframe. The final structure at close looks like P which is indicative of short covering. Earyly trading: The release of CPI number and jobless claims led to a deep dive of 117 points at 5:30 sharp. It was probabbly imposssible to trade this move unless you get … Continue reading Trend Day
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