Trade #1 - When the regular session opened, it looked like an uptrend day. Prices retraced and bounced off of both the trend line and EMA, before closing up as a bullish candlestick (price rejection). Went long and got 1.00 + 1.00 = +2.00 pt. I bailed out early on my runner, as prices were hitting overhead resistance.
- buy 2 @1734.00 at 9:50
- sell 1 @1735.00 at 9:54
- sell 1 @1735.00 at 9:59
Trade #2 - By this time, I had reset my S/R lines to accommodate for a range day. Took a 2nd entry long, with support (prices tested support area 3 times). Got a bit nervous when two consecutive Dojis formed. Again, manually exited on my runner. Would've gotten my 2nd target, had I held on. 1.00 + 1.25 = +2.25 pt.
- buy 2 @1731.25 at 10:36
- sell 1 @1732.25 at 10:43
- sell 1 @1732.50 at 10:53
After this 2nd trade, reverted back to my original S/R lines meant for a trend day. Missed out on 2 good trades due to hesitation on my part. Nothing else for the rest of the day, except a late long entry setup. However, by this time, it was almost near closing.
ES chart 10/18/13 |
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