Evening Update: Today was rather uneventful
It appears I over estimated the initial spike and the close was not close enough to flat....overall I would say I missed on the details, but I hope you can gather reading the charts prior to news one can get a sense (regardless of the content of the news or event) the outcomes can be predetermined.
Really the main thing I want to point out tonight is the negative divergences that has maintained ever since our initial move up last Friday. This tells me this move is slowing in strength and therefore coming to an end. I was in no hurry to open any additional trades today because I still do not have anything decisive to trade against. Even though price has moved against me since I sold my 5 ES 4100 Jan EOM contracts...I'm up almost 20% strictly due to time deterioration.
It appears tonight I'll go over 2,000 followers. I thank you all who place some small measure of trust in me. I've learned a lot in the last year...and hopefully I have managed to provide value to your trading.
Let's see if this choppy mess comes to in end tomorrow.
Best to all,
Chris
Really the main thing I want to point out tonight is the negative divergences that has maintained ever since our initial move up last Friday. This tells me this move is slowing in strength and therefore coming to an end. I was in no hurry to open any additional trades today because I still do not have anything decisive to trade against. Even though price has moved against me since I sold my 5 ES 4100 Jan EOM contracts...I'm up almost 20% strictly due to time deterioration.
It appears tonight I'll go over 2,000 followers. I thank you all who place some small measure of trust in me. I've learned a lot in the last year...and hopefully I have managed to provide value to your trading.
Let's see if this choppy mess comes to in end tomorrow.
Best to all,
Chris
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