JI
jimkane
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Posts: 33,089
Careful here, there is a super-key line/frequency right here. This thing is layered at 63/65/67. Time for me to be extra alert.
JI
jimkane
Rep: 3,058
Posts: 33,089
It looks like frenzy mode, though, so it may rise hard until close, blowing out all areas. I'm just looking at management from a 'tiger by the tail' perspective.
JI
jimkane
Rep: 3,058
Posts: 33,089
This is way out there, but if they went absolutely insane on it, 74 or 77 areas would be what I'd expect. 65 should do it, though.
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jimkane
Rep: 3,058
Posts: 33,089
The character has changed, I'd think it would be done, but it's not really acting done. I'm still waiting to see if 74/77 happens.
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jimkane
Rep: 3,058
Posts: 33,089
Okay, I'll keep an eye on around 70, but otherwise, this looks like it will rise until close. I changed my rating on today from a 10 out of 10 to a 12 out of 10. This is not a rating of my performance, it is a rating of the day, from a potential trading standpoint. I mean, how can you rate a day as a trend trader that is all smooth trends and has over 70 ES points of movement, and all of it technical? Maybe 12 isn't high enough...
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jimkane
Rep: 3,058
Posts: 33,089
Well, the most important thing for me, assuming I don't know, is to be able to estimate probabilities, look for a 'safe' place in, and then be able to read and accept (the latter is a big failing of many aspiring traders, IMO) what actually happens, and react accordingly (according to the 'Trading Plan'). That's all we can do as traders, and if the plan is a net positive outcome plan, that's all we need to do. Get in, deal with the ugly, and grind it out on the seats of our leather a#@es. That's my take.