ES 10/25/13 +1.25

Wow...what a frustrating, choppy and slow day. Can't seem to get into any setups that actually worked. Either they weren't present when I was watching the charts or I missed them due to being away from my desk for a quick moment (lunch, bathroom breaks, etc). Also, had some trouble getting the correct trend lines in place, which caused me to miss (not able to identify) two good entries. The two trades that I got in this morning didn't pan out. Never got any traction. Bailed out on both for a tick or two.

Trade #1 - Decided to go short, as prices met resistance on the upper trend line. The bar was very bearish and ran down quick. Had to get in on the next bar. Prices did drop by 1 pt from my entry, but didn't tick through before retracing. Didn't get my scalp target, instead got stopped out for a tick gain. This frustrating tick through thing has been happening to me a lot. Anyway, congestion and a couple of Dojis followed, which caused me to bail out on the runner early. 0.25 + 0.50 = +0.75 pt.

• sell 2 @1748.50 at 10:22
• buy 1 @1748.25 at 10:32
• buy 1 @1748.00 at 10:34

Trade #2 - This was a failed 2nd entry short that didn't work out. After I got filled on my long entry, prices reversed and headed down fast. The bar was bearish and I thought I would be stopped out. Instead, prices reversed again, with an equally strong bar and I took the opportunity to bail out for a tick on each contract. 0.25 + 0.25 = +0.50 pt.

• buy 2 @1749.75 at 11:01
• sell 2 @1750.00 at 11:05

ES chart 10/25/13