Monday, November 18, 2013

ES 11/18/13 +1.75

Didn't quite make my goal of 2 points today. My first trade of the day was a 3 points loss total. Not a good way to start the day. Managed to pull myself back to positive territory by late morning. After that, I was basically on the sideline watching the market for the rest of the day.

Trade #1 - A long trade on a 2nd entry that failed. Got stopped out fairly dramatically by one big bearish candlestick. At least I didn't take a full 4 points loss this time. (1.50) + (1.50) = -3.00 pt.
  • buy 2 @1796.50 at 9:52
  • sell 2 @1795.00 at 9:55

Trade #2 - After my first trade was stopped out, I immediately went short. Exited my runner near the lower trend line, which also coincided with where the measured move was. 1.00 + 1.25 = +2.25 pt.
  • sell 2 @1795.25 at 9:55
  • buy 1 @1794.25 at 9:56
  • buy 1 @1794.00 at 9:59

Trade #3 - I was a tick late in entering this 2nd entry long near the EMA. Again, decided to exit my runner early, this time due to congestion. 1.00 + 1.50 = +2.50 pt.
  • buy 2 @1796.50 at 10:53
  • sell 1 @1797.50 at 11:01
  • sell 1 @1798.00 at 11:07

E-mini S&P 500 Futures chart for Monday 11/18/13
ES chart 11/18/13

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