Trade #1 - Prices were bouncing off of support on multiple bars. The signal bar started out bearish (broke through support), before finishing higher and ended up being very bullish, instead. Went long on a 2nd entry. Again, for the upteemth time, I was within 1 tick of my scalp target. For the ES, prices have to tick through a target, in order to get filled. For example, my entry was 1677.00 and 1st target was 1678.00. To get this target, the ES has to hit 1678.25. Rarely do you get filled at 1678.00. Anyway, ended up with 0.25 + 1.00 = +1.25 pt.
- buy 2 @1677.00 at 9:30
- sell 1 @1677.25 at 9:32
- sell 1 @1678.00 at 9:32
Trade #2 - Like I've said previously, I prefer range days over trending ones. After the 1st trade, I basically sat and watched in frustration as the market just kept going higher. Didn't want to jump in, as I didn't want to risk going long at the high. Finally, after the lunch time period, I got in on a 2nd entry long. It didn't take off as expected. I should have exited early, once that very bearish bar formed. In hindsight, there were a lot of overlapping bars too. I think my anxiousness to get in on a trade got the better of me. Should have sat this one out, as this trade costed me (1.50) + (1.50) = -3.00 pt.
- buy 2 @1688.00 at 13:08
- sell 1 @1686.50 at 13:36
- sell 1 @1686.50 at 13:36
Trade #3 - After I got stopped out on Trade #2, I immediately went short. I have to admit, this entry was partially emotionally driven. Very dangerous thing to do. I should have waited for prices to reach the trend line resistance before considering any short trades. Prices went nowhere for close to half an hour, before it finally headed south (after resistance at the trend line). Got full points on both my scalp and runner. 1.00 + 3.00 = +4.00 pt.
- sell 2 @1686.75 at 13:36
- buy 1 @1685.75 at 14:04
- buy 1 @1683.75 at 14:26
++10_1_2013.jpg "ES chart 10/1/13") |
| ES chart 10/1/13 |
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