Tuesday, January 14, 2014

ES 1/14/14 +6.50

Had no water yesterday for about over 5.5 hours, due to a broken water main in the building. Was not able to drink, wash or flush. Was initially told it would possibly take the whole day for repairs to be done. Good thing that was not the case.

I must have been dreaming last week with all those crazy talks of 3 points per contract daily target. Who was I kidding? Making a single point is difficult enough. Too much undue pressure. Reverting to my original 2 points per contract daily goal. This way, I can afford to be more selective in my trade choices.

Anyway, did 4 trades today using 2 contracts. All were to the long side - 3 winners and 1 loser. Had some trouble early on drawing the right trend channel. Was not able to find one with the correct fit. Missed a few trade setups, as a result. Finally, around noon time, settled on a narrow/tight one that seemed to hold prices together more.

E-mini S&P 500 Futures chart for Tuesday 1/14/14
ES chart 1/14/14

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