HVP for the YM and ER2 acted like a magnet this morning - as expected. But before that, I shook off my long positions for nice gains and then went short on a quick ER2 play accumulating an additional 10 ticks. I then sat back and waited for the move to HVP for both indices, ER2 got there first and YM followed shortly after. I then played the bounce that I was waiting for picking up +15 ticks on the YM. Sprinkle in a few more momentum plays and scalps and you have the following results for this morning:
YM: +6 ticks (equal to +$30 per one contract position)
ER2: +20 ticks (equal to +$200 per one contract position)
The above results do not include the overnight profits - just morning trades.
24 Hour Range: 106 ticks
Regular Session Range: 106 ticks
I am still being mesmerized by price movement during my day trading. I gain a lot out of watching price bars and their relation to each other, but I am constantly fighting the urge to enter or exit trades on their movement alone. I have gone back-n-forth with bars only vs. indicators only on my screen. What I am concluding is that I need both but I need to allow the indicators to get me in and out of trades, not price bars. Tough battle.
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