This Is Why You Should Compare The Regular And Overnight Sessions
In his morning
commentary, Kevin Haggerty wrote: “If
the early 7:30 a.m. red futures hold, Dow -34, S&P -3.60 and Nasdaq -6.50, Trap
Door will start the day.”
09:35:29 (from TradersWire)
|
Action |
Symbol |
Order Type |
Setup |
Stop |
 Target |
Current Price |
Posted By |
|
Buy |
ES | buy stop at 1176 | Trap Door |
1174.50 | 1177.5 | 1175.25 |
TK |
The 2-minute chart below is only
showing the regular session to give you a better picture of the Trap Door. ES
gapped down, but it never violated the 7:30 low. Notice the stochastic was
starting to improve. I placed a buy stop at 1176.
09:45:22
Follow up on ES (Pt 2)
It has hit our target. Sell the rest, or move stop to 1177.5.
Now, look at the same chart including the overnight session. It is not so easy
to find the Trap Door, is it?
T.Kamada
If you have questions, feel free to
mail them to me.