Wednesday, November 6, 2013

ES 11/6/13 +3.50

I chickened out on 3 good trades - 2 this morning and 1 in the afternoon. I need to just take all valid trade setups. No more hesitations or second-guessing signals. I've also had no luck with my runners. About 90% of them have been stopped out. Thinking of just sticking to trading 1 contract to save on commissions from now on.

Trade #1 - 2nd entry short with resistance at the upper trend line. When prices bounced off of the lower trend line and ended with a bullish bar, I exited early on my runner. 1.00 + 0.50 = +1.50 pt.
  • sell 2 @1764.00 at 11:55
  • buy 1 @1763.00 at 11:59
  • buy 1 @1763.50 at 12:02

Trade #2 - Went long after the runner from the prior trade got taken out. I was anticipating prices to make a 2nd leg up. Took some time & heat for the trade to work, as prices went down to touch the lower trend line again. No runner. 1.00 + 0.25 = +1.25 pt.
  • buy 2 @1763.75 at 12:10
  • sell 1 @1764.75 at 12:25
  • sell 1 @1764.00 at 12:26

Trade #3 - Stupid trade! I took it because I was mesmerized by the bearish bar that formed. Dumb! Shorted almost at the bottom/support. (1.00) + (1.00) = -2.00 pt.
  • sell 2 @1763.75 at 14:22
  • buy 2 @1764.75 at 14:29

Trade #4 - After the prior stupid trade got stopped out, I went long immediately on a 2nd entry. Got my scalp, but my runner was taken out, as usual. 1.00 + 0.25 = +1.25 pt.
  • buy 2 @1764.25 at 14:29
  • sell 1 @1765.25 at 14:33
  • sell 1 @1764.50 at 14:36

Trade #5 - Long on a failed 2nd entry short, with support on the lower trend line. Exited early on my runner. 1.00 + 0.50 = +1.50 pt.
  • buy 2 @1765.25 at 15:10
  • sell 1 @1766.25 at 15:23
  • sell 1 @1765.75 at 15:28

E-mini S&P 500 Futures chart for Wednesday 11/6/13
ES chart 11/6/13

1 comment:

  1. Nice trades man, particularly like 4 & 5. Well done, know a lot struggled today.

    ReplyDelete