Monday, October 14, 2013

ES trades for 10/14/13

It's Columbus Day today, but market was opened. It was a trend day, but a slow one. Did 5 trades today - 4 winners and 1 loser. Still net $ wise, it didn't amount to much, as I didn't catch any runners.

Trade #1 - 2nd entry long on a bounce off of the EMA. Failed to gain any traction. Stopped out for a loss of (1.75) + (1.75) = -3.50 pt. Bad way to start the day.
  • buy 2 @1689.75 at 9:59
  • sell 2 @1688.00 at 10:09

Trade #2 - Went long as prices made a double bottom. Even though I got my scalp target, it would've been safer, had I waited on a 2nd entry. 1.00 + 0.25 = +1.25 pt.
  • buy 2 @1689.00 at 10:13
  • sell 1 @1690.00 at 10:33
  • sell 1 @1689.25 at 10:42

Trade #3 - Risky/aggressive trade, as this was a countertrend trade. Prices met resistance at the previous day's high. Went short immediately after the closing of a bearish candlestick bar. Prices dropped just enough for me to scalp out, before moving up nearly 5 pt. 1.00 + 0.00 = +1.00 pt.
  • sell 2 @1700.25 at 13:49
  • buy 1 @1699.25 at 13:54
  • buy 1 @1700.25 at 13:58

Trade #4 - More or less a 2nd entry long. I missed the actual 2nd entry, but got in when prices bounced off of the median trend line & EMA. Only got a scalp out of it, as my runner was stopped out, before prices jumped for 4 pt. Sucks! 1.00 + 0.25 = +1.25 pt.
  • buy 2 @1701.75 at 14:52
  • sell 1 @1702.75 at 15:04
  • sell 1 @1702.00 at 15:05

Trade #5 - Prices bounced a few times on the EMA. Went long, after a very bullish bar formed. Got my scalp, but I really shouldn't have taken both this and the previous trade. Even though both worked out, they were taken very late in the day. 1.00 + 0.00 = +1.00 pt
  • buy 2 @1704.00 at 15:31
  • sell 1 @1705.00 at 15:33
  • sell 1 @1704.00 at 15:35

E-mini S&P 500 Futures chart for Monday 10/14/13
ES chart 10/14/13

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