Thursday, October 17, 2013

ES trades for 10/17/13

This will be a very brief recap of today's trades. As was noted yesterday, I stepped out of the apt. and didn't return until about 10:30 AM. Checked the chart and it was setting up to be an uptrend day. Again, I took 3 trades. All were to the long side and were winners.

Trade #1 - I misread this to be a breakout pullback long entry. It wasn't, but luckily the trade worked out. One of the benefits of trading with the trend. Even if you make a mistake, odds are stacked more in your favor. +1.00 pt.
  • buy 1 @1718.25 at 11:18
  • sell 1 @1719.25 at 11:33

Trade #2 - A failed 2nd entry short with trend line support. +1.00 pt.
  • buy 1 @1720.00 at 11:43
  • sell 1 @1721.00 at 11:45

Trade #3 - Again, a failed 2nd entry short with trend line support. This time, prices were bouncing off of the EMA as well. +1.00 pt.
  • buy 1 @1722.50 at 15:01
  • sell 1 @1723.50 at 15:07

E-mini S&P 500 Futures chart for Thursday 10/17/13
ES chart 10/17/13
Posted by at

4 comments:

  1. BuyDSellSOctober 18, 2013 at 3:13 AM

    Good trades, thanks for posting, really enjoying the blog. Is this an Al Brooks method?

    ReplyDelete
  2. patchadaOctober 18, 2013 at 4:21 PM

    Thanks. I've seen people posting about Al Brooks in various forums (Elite Trader, Traders Laboratory, etc), but have not actually read anything of his. This is basically stuffs I've gleaned from sites such as Elite Trader, Traders Lab, etc. I'm still an ES beginner, but seems like price action is the way to go. I've tried different indicators (MACD, Bollinger Band, Stochastics, etc) in the past with no success.

    ReplyDelete
    Replies
    1. BuyDSellSOctober 21, 2013 at 6:34 AM

      It looks very similar to Brooks (not that it matters what it's called) 20/21EMA , TC and TL. He's an ES and stock scalper. I'm trying to use his method to trade the EU but I'm still in the middle of learning it (mid way through his book). Either way nice to find another price action trader, they seem few and far between. Hope you have a good week.

      Delete
  3. BuyDSellSOctober 21, 2013 at 6:34 AM

    This comment has been removed by the author.

    ReplyDelete

Subscribe to: Post Comments (Atom)