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MarcinO
Rep: 67
Posts: 5,506
Starting it off.
ES is breaking out of range. First resistance, on daily TF, around 2230.
MA
MarcinO
Rep: 67
Posts: 5,506
ES at the bottom of of 58 area.
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
Rep: 0
Posts: 103
MarcinO, what does AOC mean? I'm beginning my work with Jim this week, but I haven't heard AOC before...
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.
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.
MA
MarcinO
Rep: 67
Posts: 5,506
ES close to the heart of area at 57.75.
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MarcinO
Rep: 67
Posts: 5,506
58.25 and immediate 3 points drop on cash market close. KT tools rule!
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!

MA
MarcinO
Rep: 67
Posts: 5,506
Hope to see you tomorrow.
JA
JaLee
Rep: 0
Posts: 103
Absolutely. See you then.
Originally posted by MarcinO

Hope to see you tomorrow.
MA
MarcinO
Rep: 67
Posts: 5,506
Rising again. 81.50 and 86 are my next levels.