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ES and the Great POMO Rally


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ES and the Great POMO Rally

  #901 (permalink)
 
Massive l's Avatar
 Massive l 
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Going to head out. Taking profits here at 1235

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  #902 (permalink)
 
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 Massive l 
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MFE wasn't too great on that trade. Maybe I should've set my stop and let it ride. ahh hindsight...working the system.

My system is still showing a hold right now with price below IB3
Potential profit take point at 1225 with a reload around 1235.
Below 1225 and go with the move.

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  #903 (permalink)
 
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 josh 
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Massive l View Post
MFE wasn't too great on that trade. Maybe I should've set my stop and let it ride. ahh hindsight...working the system.

My system is still showing a hold right now with price below IB3
Potential profit take point at 1225 with a reload around 1235.
Below 1225 and go with the move.

Ah, can't worry about that--if it had come up into the high 40s you would have looked like a genius for your good exit, as it stands it looks like you left profit on the table. Knowing the best time to exit is impossible, so congrats on a good trade The safe stop to ride it out was above the last pivot high in the 38s, but again, you don't know in advance.

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  #904 (permalink)
 
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 Massive l 
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Price is fading back towards the daily POC.
Potential short at 1235 if supply is there.
Otherwise, as mentioned, I'll look to go with the move below 1225.
Not looking for longs at the moment.

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  #905 (permalink)
 
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 josh 
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Massive l View Post
Price is fading back towards the daily POC.
Potential short at 1235 if supply is there.
Otherwise, as mentioned, I'll look to go with the move below 1225.
Not looking for longs at the moment.

Why 35, curious? I see in your chart you have the orange box--what does that represent?

Based on the volume distribution for the day which is quite rounded, I don't see a good area right now I'd pick to short. Stopped right now at the VAL of 29.50, with the POC as you mentioned at 33, yet the volume is packed tightly into the 33 to 38ish range, with no clearly definable regions inside of that. To me, a short below 33 looks good, once above that hard to say.

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  #906 (permalink)
 
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 Massive l 
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The yellow box is an area to look for price divergences between yesterday and today (tomorrow, New York)
I'm not sure what's going to happen there if anything. I could see maybe going long after 10am tomorrow at 1235.
IDK...lots can happen right now with all of the news going on right now

35 is my POC now. 33 was my POC on Monday that I used for my first target in my short from 1240 today.
No reason to say it's no in play now...I guess I need to look at the chart a little more. Thanks, sir!

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  #907 (permalink)
 
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 Massive l 
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Massive l View Post
I could see maybe going long after 10am tomorrow at 1235.
IDK...lots can happen right now with all of the news going on right now

35 is my POC now. 33 was my POC on Monday that I used for my first target in my short from 1240 today.
No reason to say it's no in play now...I guess I need to look at the chart a little more. Thanks, sir!

Too bad calls only make money when you trade them

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  #908 (permalink)
 
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 Massive l 
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It doesn't matter too much because it wasn't a live call (in here, it was in a chat) but I went long at 1241.
Just profit at 1250.5

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  #909 (permalink)
 
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Shorting Stocks On These April POMO Days May Be Hazardous To Your Health | Zero Hedge



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  #910 (permalink)
 
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 Big Mike 
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May's POMO schedule

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