Saturday, August 30, 2014

ES 8/25 - 8/29 +8.25

I was somewhat distracted this past week by the CL (again) and by some personal matters. Was going back and forth looking at CL and ES charts. Missed some good trade setups, as a result. The ES can be slow and boring sometimes, but I need to just stick with it. Will concentrate solely on the ES and forgo (again) the CL. Also, am in the midst of dealing with some issues in Philly. Hopefully, the damage won't be significant this time around. Sigh.

Weekly recap:
8/25 = +2.00
E-mini S&P 500 Futures chart for Monday 8/25/14

8/26 = +1.25
E-mini S&P 500 Futures chart for Tuesday 8/26/14

8/27 = +1.50
E-mini S&P 500 Futures chart for Wednesday 8/27/14

8/28 = +3.50
E-mini S&P 500 Futures chart for Thursday 8/28/14

8/29 = no trading

Friday, August 22, 2014

ES 8/18 - 8/22 +8.00

Weekly recap:
8/18 = +2.25
E-mini S&P 500 Futures chart for Monday 8/18/14

8/19 = +1.50
E-mini S&P 500 Futures chart for Tuesday 8/19/14

8/20 = +1.75
E-mini S&P 500 Futures chart for Wednesday 8/20/14

8/21 = +0.25
E-mini S&P 500 Futures chart for Thursday 8/21/14

8/22 = +2.25
E-mini S&P 500 Futures chart for Friday 8/22/14

Friday, August 15, 2014

ES 8/15/14 +5.00

The market was really slow up until about 10:30. Then it just tanked big time. Difficult for me to trade when prices moved this fast and this volatile. Suffice to say I didn't catch anything big off of any of today's major down moves. My runners were inefficient also. Will revert to trading single lots again.

E-mini S&P 500 Futures chart for Friday 8/15/14

Thursday, August 14, 2014

ES 8/14/14 +4.00

If not for my butter fingers, I could have had a +4 points (scalp + runner) winner on my 2nd trade. Damm!!!

E-mini S&P 500 Futures chart for Thursday 8/14/14

Wednesday, August 13, 2014

ES 8/13/14 +2.50

Messed up on two trades today. Got shaken out of a long (2nd trade). Literally 3 seconds after I bailed for +2 ticks, prices shot up pass my initial scalp target. Then after I got stopped out of a short trade (3rd trade), I immediately went long ((4th trade)...mostly out of revenge. It basically went nowhere fast and slowly drifted downwards against me. Emotions still hyped, I then bought another contract (5th trade) to average down. The trade eventually worked, after about 1.5 hours, but I was basically gambling at this point.

E-mini S&P 500 Futures chart for Wednesday 8/13/14

Tuesday, August 12, 2014

ES 8/12/14 +2.00

Stupid that I went short on the 2nd trade. I was actually anticipating a failure to the short side. But, somehow I got suckered in. Just couldn't resist myself, when the bar I was watching met resistance at the EMA and ended up bearish. Thought prices might then perhaps try to retest the low of the day. Should have stuck to my original bias. Got stopped out when prices reversed to the upside. I then also immediately went long (which was my original intention, anyway). Recovered some of the loss.

E-mini S&P 500 Futures chart for Tuesday 8/12/14

Monday, August 11, 2014

ES 8/11/14 +3.00

The 3rd trade (long entry at around 14:52) lasted the longest of the 3 trades I took today. Had to also endure a bit of heat, as prices retraced a little. When prices resumed it's upward movement, I was anxious to get out. Was spooked by the prior retracement. Therefore, was relieved that I was able to get out with +2 ticks. Of course, immediately after I got out, prices went on to hit my initial scalp target. It's uncanny how this seems to happen all the time to me.

E-mini S&P 500 Futures chart for Monday 8/11/14

Friday, August 8, 2014

ES 8/8/14 +2.75

Concentrating more on my trading than blogging now. As a result, will be making blog posts sporadically. Anyway, I did make a brief foray into the CL world. However, after about a week or so of trading the crude oil futures, I have decided it is not for me. The price action is not as clean cut as in the ES. Also, like I have mentioned before, the CL is not for the faint of heart. It moves very fast. It is like the ES on adrenaline. I just prefer driving in the local lane, not the express one. Therefore, back to the ES for me.

E-mini S&P 500 Futures chart for Friday 8/8/14