The same pattern happened again for ES this AM. A pull back at open and drove up to a new high. BB hourly appeared squeezed every morning this week. Except it had a little deeper pull back (about 5ps). I was able to get one position of 1630 out a little better than break even. ES then bounced from O/N low and reached a new high by 2 pm now. The target of 1633-35 has not hit yet. It looks like that I will have to pay a big price for not honoring my stops. No system would work without strict discipline to follow rules.
ES dropped about 13 point right around 2:30 and bounced right back to value area. The reversal started only 2 ticks from 1633. I guess the big guys front run it. There were over $50 million worth of SPX puts purchased. I was able to get 1 of my 1620 call out. I lowered my price again for the other cars and didn't get filled. Of course I was greedy again. It's all hanging on tomorrow's market now. ES parked at mid point over night and it could go either way tomorrow. I feel that I was a prayer and gambler in the last couple of days.
No comments:
Post a Comment