ES 11/20/13 +6.75

The market was very volatile today, due mainly to the FOMC Meeting Minutes. Maybe that's why I did more trades today than usual. Also, I've been flipping back and forth between the ES and NQ charts. I'm contemplating whether to switch over to trading the NQ again. Last time was back in mid-August. Anyway, here is a recap of my trades.

Trade #1 - 2nd entry long, with prices making a double bottom. Market was in a trading range for over 2 hours afterwards. +1.00 pt.

• buy 1 @1789.00 at 11:04
• sell 1 @1790.00 at 11:05

Trade #2 - This was an aggressive trade, since it was countertrend. Took it because prices had already made a measured move down and it was a 2nd entry setup. The trade worked out, but had to endure some heat. For 3 consecutive bars, I was within 1 tick of being stopped out for a full 2 points loss. +1.00 pt.

• buy 1 @1782.00 at 14:13
• sell 1 @1783.00 at 14:16

Trade #3 - Saw prices meeting resistance on the upper trend line. Went short hoping to ride another leg down. Should have waited on a 2nd entry setup. Prices retraced a bit, which almost shook me out. But when a 2nd entry did present itself, I went short again. Got 1.00 + 1.75 = +2.75 pt.

• sell 1 @1783.75 at 14:23
• sell 1 @1784.50 at 14:26
• buy 2 @1782.75 at 14:32

Trade #4 - Another aggressive trade. Prices had not come down to the lower trend line yet and it was countertrend. Took it because it was a 2nd entry and the signal bar was very bullish. Got +1.00 pt, as prices rose back up to the upper trend line.

• buy 1 @1780.25 at 14:43
• sell 1 @1781.25 at 14:45

Trade #5 - Shouldn't be trading like this, but this was my third countertrend trade of the day. Even though this and the other two worked out, I should never have taken them. Took this 2nd entry long, after seeing prices bounced off of the lower trend line. It has been doing so for the entire afternoon, so I was betting that it would do so again. +1.00 pt.

• buy 1 @1776.25 at 15:12
• sell 1 @1777.25 at 15:13

ES chart 11/20/13