4:00pm Well, score one for patience today as it took until mid-afternoon for ES to finally present my idea of a high-probability wholesale short entry, and it was two speculative short sequences that provided most of today's decent +$9K chip gain, with liquidity-providing sequences pretty much scratching on the day. btw, a good example of what I discussed over the weekend in terms of my high volume being misleading ... most of my strong gains came on a few sequences.
Even then, ES did its best to shake me loose and it took a few scratches and immediate re-entries, along with some conviction in the pace and pattern to hang in there. See chart; Click to Enlarge.
Earlier, I'd passed on many of the other shallow bear trend retracements, in part because I wanted to first make sure my head was in the game ... remember, I often suck on Mondays ... and go for the ultra-high probability pattern before putting my chips in play. Essentially, until I felt I was focused, I wanted pocket Aces.
Of course, I'm sure some shorted the open and held, which will never be my game. I'll instead take high-probability clips for 200 Alex.
Hopefully, we'll see some early textbook morning oscillations after yet another investor barf day.