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I am not having proper read on the pa right now...I tried short of TF on break of LVN area but my 2 point trailing stop hit and lost $50. Then I tried to enter long and canceled the order because I was expecting to move lower and test yesterday's lows then went to lunch and market took off...for just want to sit on my hands...I wanted to get long crude at 43 it reached 43.12 and reversed hard....no love there.
Still have long ESZ5 at 1945...that makes this spread a net short, Plan is to get out of short at vwap at 1960 or long if we stretch this move to 1986 to 1990.
It always happens after I got out of my position, I don't know they might have my IP with them...anyway I prefer a bounce to HVN area and fail for re-entering the short.
Edit: I am so mad right now but need to focus...1942/43, 38, 34 and 22 might be good areas for a bounce...
I realized how tough it is to trade in this highly volatile super fast environment specially in the morning juggling with two kids and going regular work doesn't help at all but that's the main source of income so can't do anything....
I still have same positions, it will be interesting to see how much I will loose on this spread as the expiration is nearing by...
Added to short ESU5 at 1963 but with stop at 1965....not risking more bcoz confused if it's a breakout looming or range day...as of now looks like breakout...
Edit: Changed my stop to trailing 3 points so now it is at breakeven...
I did some unnecessary trades overnight...finally I left with one contract of short ESU5 avg at 1978, will add it near 2000 or break of 24 hr VWAP/GLVN 1983/1982 range...worst is mornings are tough...
Closed at 1974.50 didn't get a chance to add to short...will look for renter the short\