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Support today looked less a matter of buyers and more an absence of sellers. Voume was far from convincing.
The ES rise had appeared to have a firm correlated hold on oil, and caught shorts with nowhere to go into the pit close.
Later comment: I shoulod show that in percentage ratcher than price. What occured was significicant from a momentary trading perspective. I never tried it today, but I did watch and said to myself, "this is probably going to happen." But the intensity once it crossed above the daily VWAP. It never did get out of IB until the last few were squeezed out.
Chris, a very close friend of mine, just sent this email tonight. He was responding to one of my journal entries;
"I just watched "Anthony Bourdain: No Reservations"… one on Mozambique, which was fun because he had gone to places that I had been.
Tony, near the end of the show states, "Every once in a great while, something comes along… a moment, an hour, or a few where everything is magic, where suddenly it is good to (be alive) again… really good. Seeing something and feeling something really rare and extraordinary… a once in a lifetime thing that we will never really be able to describe… never be able to share with anyone who wasn't here… never be able to experience again… this… this is one of these moments."
He worked in the Peace Corps, then hitchhiked through Africa for another 2 years. I got this photo of him when I went to visit for a couple weeks.
Trade 2 was based on volume and watching the T&S. @nd enrty came on a retest that helped confirm.
I had to close the trade though when someone knocked on the door, and now not sure I can get as good of an entry to risk giving back what I have. Net 42 on the day, may quit.
"Zone 1" was broken, and in a big way. Looking for a short swing entry, currently preferring 95.50 - 96.00, or 94.20, but with FOMC coming not really sure about any of it yet.
Got into a quick scalp frenzy, 4 RTs, a bad habit that resurfaces occasionally, and netted a loss of 5 ticks from my high this morning. The movement was so fast, and I would make a decision and change my mind, which is not where I want to be at all. That is truly indecision, confusion, weakness. Dopamine addiction.