Welcome to NexusFi: the best trading community on the planet, with over 200,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- discounts are available after registering.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Today's ES open has been very different from anything seen in the recent weeks. Very small trading range, and prolonged chop through the entire open. Only after 10:05am EST did it finally pick its breakout direction.
7am - 9:30 am est it was in the most narrow range I think I've seen since BC (before-covid).
With my trading strategy I was able to make it through with very minimal losses so I'm not worried about that, if anything it's given me more confidence in it.
But I was just curious if anyone more experienced has any thoughts on today's ES open.
I'm guessing it has something to do with the gap up over the weekend.
Can you help answer these questions from other members on NexusFi?
I'm no ES expert (not really an expert on anything, just a generalist), but that is how I see it. It is just some consolidation and rest before finding a direction.
ES and MES (running strategies on both) broke out earlier for me (around 7:10 ET to be specific).
What happened at 7:10?
Am I looking at the wrong thing?
I see that 7:10 is when it entered the tight range, and stayed around the same price level until after 9:30. Then there was some up/down traps, until 10:05am when it continued it's up trend.
