Thursday, November 7, 2013

Hard to be Patience 11--6-13

The consolidation continues. ES moved higher overnight. It gaped up and reached 1770 after open and had a clear rejection. Then it came down to yesterday's VPOC but didn't close the gap. It chopped in a 5 point range for the rest of the day.

I had about 3-5 orders from scalp to next two weeks but no fills. It's been hard to stay inaction. I haven't had any major fill for 7 days now. It's the longest period without action since I started this system. I guess it indicate the my patience and discipline have improved. The MACD in IB chart is going lower while price of ES keep inching up. The market is waiting for Friday's job report. Volatility will come by then.

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