Weekend Gap Risk Futures: Why I Go Flat Every Friday Now
Weekend gap risk futures traders face is brutal. One Monday gap wiped my whole week. Now I go flat Friday and actually sleep.
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Weekend gap risk futures traders face is brutal. One Monday gap wiped my whole week. Now I go flat Friday and actually sleep.
ES NQ futures levels closed Friday at $6774.0 and $24889.0. Here's what the price action tells us about next week's key levels.
ES NQ futures levels closed Monday at $6887.75 and $25009.0. Here's what the price action tells us about next week's key levels.
ES NQ futures levels closed Thursday at $6880.25 and $24901.5. Here's what the price action tells us about next week's key levels.
ES NQ futures levels closed Monday at $6852.5 and $24754.75. Here's what the price action tells us about next week's key levels.
ES NQ futures levels closed Tuesday at $6860.0 and $24762.5. Here's what the price action tells us about next week's key levels.
ES futures trading requires patience when markets consolidate. At 6845 after PPI, forcing trades is like panic-buying gas station flowers.
Trading CPI on Tuesday? ES is at 6991. Last major data (NFP), I watched three traders blow their daily limit before lunch.
NFP trading is my kryptonite. I know the setup and fake-out pattern, but every month I take 8 trades when I should take 2.
Overtrading data days cost me $400 yesterday. ADP and ISM had me jumping in too early again. Anyone else break their trading rules on economic releases?