I am trying Globex sessions. I seem to have better success and a lot more alert. I am trying 3 time slots. 2000h to 2100h, 0100h to 0200h and 0700h to 1100h. All times EST.
Sold 918.50 x4 because the projection was 918.50. The overshoot did make me nervous. I had a 1 pt stop.
Double top hands on 919.25 though the 5x bottom at 918.25 was worrying. It made a further feet at 917.75. I nearly wanted to scratch the trade. But the risk/reward was too good to ignore.
Took 1 off at 919.50. +1
Took 2 off at 916.50. +2 Cumulative +5
Down projection was 909.25. So the last target placement is 909.50. I did not move the stop, I am winning. So if I were to lose, I will lose 1 pt. Else if the target is met I gain 9 pt.
It sliced through the 54EMA and 100EMA which is good. These moving averages did not provide the usual temporal support.
I might at bail at 914.00 Meet my daily high target and quit the rest of the day.
Update 0255h EST. Feet on 914 made me jump. Stochastics is below oversold line. Bailed at 915. Exceeded my daily low target but below my high target. I am satisfied with todays performance with a nett of 8.15 pts.
Update 1716h EST. Back from sending the kids to swim class. Look where the market went? To my projection! The 2 orange ovals are actually a Cookie Cutter trade, +h3 to -h3. I should have kept my cool and maintained position.
I walk away with profit. I should be happy at the result.
There is an outstanding projection yet to be met at 906.00 slightly below the 906.50 objective. On the 15 min chart, the 100EMA provided resistance against the retrace.
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