Posted by racerick on 26th of Feb 2020 at 04:55 am
Crazy nite in the futures. Steve, I started listening to your
newsletter about 3:10 and ES had gotten back up to around 3150
again at 3. Then when Europe opened started selling off some and
about the time you started talking about the market free falling
the futures jumped off a cliff. I was laughing, just because of the
timing. Fell 60 points in an hour. I was using my 3min chart for
scalp entries and it was dropping so fast that it got over 50
points away from the 50ma on a 3min chart. That's nuts.
Fortunately you got to the chart that showed the gap between
3090 and 3100 and I was hoping it would give a decent trade
once it filled that and so far it has, but the bounce was fast. Put
in mkt order when it started moving off 91 when it was around 93
and got filled at 98. Just peeled off one at the earlier LOD around
3117. Will be curious to see if they test the overnite lows during
regular session. Notice the broad H&S on 3min chart, measures
30 pts, we got a 37 pt move. Had nice 28 pt candle on 30min chart
at the 4am mark. As you said in newsletter, that would be a pretty
exciting daily range.
Crazy nite in the futures.
Posted by racerick on 26th of Feb 2020 at 04:55 am
Crazy nite in the futures. Steve, I started listening to your newsletter about 3:10 and ES had gotten back up to around 3150 again at 3. Then when Europe opened started selling off some and about the time you started talking about the market free falling the futures jumped off a cliff. I was laughing, just because of the timing. Fell 60 points in an hour. I was using my 3min chart for scalp entries and it was dropping so fast that it got over 50 points away from the 50ma on a 3min chart. That's nuts. Fortunately you got to the chart that showed the gap between 3090 and 3100 and I was hoping it would give a decent trade once it filled that and so far it has, but the bounce was fast. Put in mkt order when it started moving off 91 when it was around 93 and got filled at 98. Just peeled off one at the earlier LOD around 3117. Will be curious to see if they test the overnite lows during regular session. Notice the broad H&S on 3min chart, measures 30 pts, we got a 37 pt move. Had nice 28 pt candle on 30min chart at the 4am mark. As you said in newsletter, that would be a pretty exciting daily range.
Wow that's some fast action
Posted by steve on 26th of Feb 2020 at 08:28 am
Wow that's some fast action racerick - kudos