Saturday, July 27, 2013

ES trades for 7/26/13

Trade #1 - The ES was trading down from the overnight to the opening. Around 11:00 it formed a triple bottom and reversed to the upside. Went long at around 11:32 @1674.00. Prices had support at the bullish trend line and the EMA. Got out at around 11:40 @1675.25 for +1.25 pt. Prices continued up to 1683.25 before meeting any serious resistance. Again, I hesitated on many trade opportunities...80% of which would've been successful. Flat PnL for the week, but it's ok, as I'm still learning to trade the ES. Have a great weekend!

E-mini S&P 500 Futures chart for Friday 7/26/13
7/26/13 ES chart

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