Hi Everybody,
As you all know, I like to use 9:30EST to 16:15EST for the US e-minis (what used to be the old “day session”), as it has the highest volume. But you can get big overnight “gaps” that you have to be aware of. The TS3 buy on the 3min YM early in the day yesterday was a perfect example. Do you all see how the big gap overextended the initial swing, therefore putting the targets too high for the trade.
When this happens, always check the 24-hr session as well, see next post.
Even if you had not checked the 24hr session, the high did unfold at the DP (from the minor Wave b high), and there were other reasons, see my post later on the ES, why you should have been anticipating a high coming in, so looking to protect profits earlier on this long trade.
Thanks, Steve
As you all know, I like to use 9:30EST to 16:15EST for the US e-minis (what used to be the old “day session”), as it has the highest volume. But you can get big overnight “gaps” that you have to be aware of. The TS3 buy on the 3min YM early in the day yesterday was a perfect example. Do you all see how the big gap overextended the initial swing, therefore putting the targets too high for the trade.
When this happens, always check the 24-hr session as well, see next post.
Even if you had not checked the 24hr session, the high did unfold at the DP (from the minor Wave b high), and there were other reasons, see my post later on the ES, why you should have been anticipating a high coming in, so looking to protect profits earlier on this long trade.
Thanks, Steve
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