Traded both the 6E and ES. Was watching the charts for both instruments. For most of the morning session, I was looking more at the 6E. However, around noon, volume just dissipated. Time would have been better spent watching paint dry. As a result, for the majority of the afternoon session, I was concentrated on the ES.
I did 6 trades on the 6E. Way too much, IMHO. My ideal would be 2 - netting a total of 14 ticks (daily goal). Today, every winner was matched up with a loser. The trade results sequence was win, loss, loss, win, loss, win. The good news is that since my risk/reward ratio is positive, even with a 50% win rate, I'm still positive. Not so for the ES. I would likely need a minimum 60% win rate. Anyway, for the ES, I did 3 trades today.
++2_4_2014.jpg "6E chart 2/4/14") |
| 6E chart 2/4/14 |
++2_4_2014.jpg "ES chart 2/4/14") |
| ES chart 2/4/14 |
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