ES 11/11/13 +0.75

I have decided to set my daily target at 2 points per day. Based on trading 1 contract and scalping out at 1 point, this would mean a minimum of 2 trades. Previously, I had fantasized of getting 4-6 points out of the market each and every day. Well, I was naive, as there is fantasy and then there is reality. To consistently make 4-6 points day in and day out is near impossible. Heck, even a 2 points target is quite difficult. Case in point, today's trading. I missed the morning session and got stuck with the afternoon doldrums. From around 10:20 AM to 4:00 PM, the market was in an overall 2 points range! At certain times, it was trading in a 1 point range! Looking at today's chart could cure the worse cases of insomnia or put you into a coma. Anyway, the goal is 2 points and I'm done for the day.

Trade #1 - A failed 2nd entry long became a failed 2nd entry short. Went long, but it was a bad fill. Could have gotten in at 1 or possible 2 ticks better. Exited near the upper trend line in anticipation of prices meeting resistance. Got only +0.50 pt.

• buy 1 @1767.75 at 12:59
• sell 1 @1768.25 at 13:03

Trade #2 - Prices were meeting resistance at the upper trend line, so took a short entry. Given the super tight range and congestion, I exited early for a tick. The trade lasted over 1.5 hours! Very painful to watch. In that timespan, there were only about 8 bars and all were overlapping! +0.25 pt.

• sell 1 @1767.75 at 13:17
• buy 1 @1767.50 at 14:50

ES chart 11/11/13