Playing the election volatility. Long position ES
Long bias now after previous trade invalidated. Now long bias with price above 1.5 ATR (blue dots).
Long bias confirmed on 4h timeframe.
Entry is aqua blue horizontal line.
Stop loss is 1.5 ATR which is a conservative stop for me, as my models are still suggesting bearish bias.
But my manual system has given a signal so I will take it and see what happens.
Long bias confirmed on 4h timeframe.
Entry is aqua blue horizontal line.
Stop loss is 1.5 ATR which is a conservative stop for me, as my models are still suggesting bearish bias.
But my manual system has given a signal so I will take it and see what happens.
Comment:
Stopped out at 3284.50. I tightened my stopped as I saw bull strength weaken.
Trade active:
Still in trade. We will see how this opens tonight.
Trade active:
After being stopped out at 3284.50, I re-entered Long at 3303 in accordance with my trade rules outlined in earlier idea.
Trade active:
Added to position at 3518 with SL 3461
Trade closed: stop reached:
Closed at 3641. Nice profit.
Will look for another long entry above 3563
Will look for another long entry above 3563
Trend is bearish so this is definitely a counter trend trade.