Wednesday, October 16, 2013

ES trades for 10/16/13

Yesterday: Didn't trade the whole day - had to run some errands.
Today: Traded until 2 PM - needed to head out for an appointment.
Tomorrow: Won't be trading in the morning - nephew's b/d celebration at school. Will be back for the afternoon session, though.

It was an uptrend day for the most part. From about noon on, though, the market was flat to slightly lower. Anyway, here is a quick update on today's 3 winning trades - 2 longs and 1 short.

Trade #1 - Took a 2nd entry long, with trend line support, just after the regular market opened. Really fast trade. Got my +1.00 pt scalp in under 1 minute.
  • buy 1 @1702.50 at 9:33
  • sell 1 @1703.50 at 9:34

Trade #2 - Saw a failed 2nd entry short, as prices bounced off of the trend line. Went long right after the formation of a very bullish trigger bar. This time, my target was hit even faster. Total time elapsed from entry to exit was 0:25 seconds. +1.00 pt.
  • buy 1 @1711.00 at 10:15
  • sell 1 @1712.00 at 10:15

Trade #3 - Got my down trend line in place. Took a 2nd entry short, as prices met resistance at the upper trend line. Prices hit my target a few minutes before I had to head out at 2 PM. Had it didn't, I would've manually exited for whatever amount I could have gotten. Prices went to as low as 1710.50 before bouncing. Would've love to have traded with a runner. +1.00 pt.
  • sell 1 @1714.50 at 13:46
  • buy 1 @1713.50 at 13:56

E-mini S&P 500 Futures chart for Wednesday 10/16/13
ES chart 10/16/13

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