Thursday, November 21, 2013

ES 11/21/13 +2.00

Had an average day. Missed a couple of good setups, as I was not paying attention - was switching b/w the ES and NQ charts. Yeah, I only use 1 monitor for trading. Seems like 2 ES points is my equivalent of the sound barrier. I don't break through it often enough. My ultimate goal, the ES light barrier, would be 5 points. That would be my dream and it might just be that...a dream. Anyway, a very brief recap of today's trades.

Trade #1 - 2nd entry long with median trend line support. +1.00 pt.
  • buy 1 @1784.50 at 9:29
  • sell 1 @1785.50 at 9:32

Trade #2 - Another 2nd entry long with trend line support. I got shook out for +0.75 pt. Thought a potential double top was forming, so bailed out early.
  • buy 1 @1786.75 at 10:05
  • sell 1 @1787.50 at 10:10

Trade #3 - 2nd entry short with prices meeting overhead resistance. After 2 consecutive bars failed to hit my scalp target, prices retraced back and nearly (within 1 tick) stopped me out. When it made another attempt lower, I bailed out for +0.25 pt.
  • sell 1 @1793.00 at 13:59
  • buy 1 @1792.75 at 14:29

E-mini S&P 500 Futures chart for Thursday 11/21/13
ES chart 11/21/13

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