Slept in this morning because I wasn't expecting much activitiy. Boy was I surprised when I checked quotes around 6AM to find the SP futures off 15 pts. Took a short pullback entry around 6:30AM EST that was almost immediately profitable. Never took any heat and scaled out for a $350 profit.
Not expecting much more activity I closed down my station only to check back a few hours later and saw that ES futures had fell another 10 pts and that I had missed at least 2 setups. And just now I missed a countertrend setup right before my eyes. I saw the trade, but didn't like the risk so I was wanting to shave a few ticks on my entry and never got filled. We raced up 2-3 pts in just a few mins and I would've had another nice profit.
Just completed one more trade to finish the day. Took a short pullback off the 1000 tick chart as we approached 1090. Took just 1 tick of heat and was out of the trade in about 5 mins. Scaled out for a $300 profit. Did a nice job of waiting for upward momentum to stall before entering this one.
Update - Forgot to tack on one more trade from yesterday. Took another pullback short right before the close of the trading session yesterday. Took maybe 3 ticks heat, before ES caved into the close. Scored an add'l $225 profit on the day.
Emotions Traders Don't Talk About
1 week ago
Nicely done! I was thinking of shorting ES at 1104 last night, but figured, it's a holiday so we're not gonna get much action...Boy was I wrong!
ReplyDeleteYeah definitely a nice surprise! Monday should be real interesting to say the least.
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