ES 5-19-17

Numbers and zones I'm looking at...going easy today, it's friday and prefer to see some mean reversion down from the 69 - 70 area to try and get to 65.50...will be watching breakout up in case they need to put in more tpo's at that weekly low....so i will be watching Volume/Ticks closely if we come out of YD's highs




a quick look at the weekly





how the options market is pricing moves today

Interesting to see your gap in data thing Bruce, thanks for sharing.
The whole averaging in thing is hard to watch for me based on personal experience. Not judging those who do it at all!! (I'm the dumbest person I know, trust me) But when I have done it in the past with very defined areas to get in, it would end up being a trend day and massive pain would occur, my account just couldn't take the beating. So now I just take my lumps and look for the next trade...and today I just shut it down because the lumps were to large and to frequent. Hate going into the weekend, as if I just spent a night in prison.
Good weekend to all!!

Thanks again Bruce for sharing your thoughts and making the vids!!

I couldn't agree more ( not the "I'm the dumbest person I know" part) that 99 % of the time it is just better to take the loss, clear your head and try again....

Originally posted by nolt

Interesting to see your gap in data thing Bruce, thanks for sharing.
The whole averaging in thing is hard to watch for me based on personal experience. Not judging those who do it at all!! (I'm the dumbest person I know, trust me) But when I have done it in the past with very defined areas to get in, it would end up being a trend day and massive pain would occur, my account just couldn't take the beating. So now I just take my lumps and look for the next trade...and today I just shut it down because the lumps were to large and to frequent. Hate going into the weekend, as if I just spent a night in prison.
Good weekend to all!!

Thanks again Bruce for sharing your thoughts and making the vids!!