Saturday, July 27, 2013

ES trades for 7/24/13

Trade #1 - Saw a lot of potential trades, but hesitated. Still working on the emotional/mental aspect of trading. Anyway, only took one trade today. Prices were looking to be in a small upward mini trading range. It was still inside an overall downward trend, as the whole day was bearish. At around 14:47, took a long trade @1679.75, as prices bounced a few times on the upward sloping lower trend line. Out manually at around 14:54 @1680.75 for +1.00 pt, as prices were forming a double top. It quickly reversed and headed down to 1677.75.

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