Tuesday, November 26, 2013

11/26/13 ES +2.75 & NQ +2.00

Took a boatload of trades today. A total of 11...4 on the ES and 7 on the NQ. Think I broke my own record. Gonna be lazy and just do a brief recap of my ES trades only. Besides, the NQ trades were mainly entered via ES signals/setups. Basically broke-even on the NQ side, after accounting for commissions.

Trade #1 -  2nd entry long with what looked like a triple bottom forming. +1.00 pt.
  • buy 1 @1802.25 at 9:30
  • sell 1 @1803.25 at 9:31

Trade #2 - Same setup as the prior trade. I'd forgotten about the 10 AM econ data coming out. Was anxious to exit this trade. Prices did rose 1 point higher from my entry, but it didn't tick through. This was a 4 tick failure. I bailed for a tick gain, just as the market started tanking. +0.25 pt.
  • buy 1 @1802.25 at 9:52
  • sell 1 @1802.50 at 10:01

Trade #3 - 2nd entry short. Took this trade thinking it would be a somewhat rangy day anyway. +1.00 pt.
  • sell 1 @1802.75 at 10:33
  • buy 1 @1801.75 at 10:43

Trade #4 - Support at the 1801.00 - 1801.50 levels and the lower trend line. Should have waited on a 2nd entry setup off of the lows, as prices retraced a bit. This spooked me enough to made me get out early for +0.50 pt. Could have gotten my scalp target had I held on.
  • buy 1 @1802.50 at 11:48
  • sell 1 @1803.00 at 12:11

E-mini S&P 500 Futures chart for Tuesday 11/26/13
ES chart 11/26/13
E-mini NASDAQ-100 Futures chart for Tuesday 11/26/13
NQ chart 11/26/13

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