Starting it off.
ES is breaking out of range. First resistance, on daily TF, around 2230.
MA
MarcinO
Rep: 67
Posts: 5,506
Price action in the ES is really awful today. The only way is to keep open position until it gets to AOC and then react.
JA
JaLee
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Posts: 103
MarcinO, what does AOC mean? I'm beginning my work with Jim this week, but I haven't heard AOC before...
Thanks.
Thanks.
MA
MarcinO
Rep: 67
Posts: 5,506
Area of concern. The place where you are looking to take your profits, after getting confirmation that the move you played has most likely come to an end.
It shouldn't be confused with a typical take profit zone, where traders close their position irrespective of price action, or even place automatic TP order similarily to stop loss one.
It shouldn't be confused with a typical take profit zone, where traders close their position irrespective of price action, or even place automatic TP order similarily to stop loss one.
JA
JaLee
Rep: 0
Posts: 103
Got it, thanks!
Originally posted by MarcinO
Area of concern. The place where you are looking to take your profits, after getting confirmation that the move you played has most likely come to an end.
It shouldn't be confused with a typical take profit zone, where traders close their position irrespective of price action, or even place automatic TP order similarily to stop loss one.
JA
JaLee
Rep: 0
Posts: 103
That was cool.
Originally posted by MarcinO
58.25 and immediate 3 points drop on cash market close. KT tools rule!