Today's results: 10:16 Long ES @ 900.50 13:11 Exit ES @ 904.50 * Reason for entry: Trending up + gap fill potential. * Reason for exit: Trailing stop. 15:08 Long ES @ 904.50 15:29 Exit ES @ 906.50 * Reason for entry: Trend continuation. * Reason for exit: 2 point scalp. Total: 6 points.
Today's results: 10:22 Long ES @ 904.50 11:41 Exit ES @ 902.50 * Reason for entry: I don't know, I was confused * Reason for exit: Trailing stop. 11:41 Short ES @ 902.50 12:00 Exit ES @ 896.50 * Reason for entry: Reversal from previous trade. * Reason for exit: Strong recent support. Total: 4 points Strange thing happened to me today. I was utterly confused this morning. I didn't know what kind of trend we were in and I was unsure of myself. Usually when I feel this way, I just stay in the sidelines. But for some reason, I felt compelled to take a trade this morning. Weird.
Today's results: 09:59 Short ES @ 892.50 11:22 Exit ES @ 892.50 * Reason for entry: Partial gap fill on a downtrend. * Reason for exit: Trailing stop. 14:13 Short ES @ 892.50 15:31 Exit ES @ 888.50 * Reason for entry: Resistance + downtrend. * Reason for exit: Market near close. Total: 4 points.
Today's results: 09:37 Long ES @ 892.50 15:29 Exit ES @ 908.50 * Reason for entry: Double bottom. * Reason for exit: Near closing. Total: 16 points. I love these trending days!
I'm thinking about expanding to different markets using the same methodology. Does anyone have any suggestions? I'd prefer markets with a strong tendency to trend a lot (who doesn't? ).
Draxon, way to go! I was just curious if you only pay attention to the price/volume action, or do you also use fundamental information (or something else) to form your judgement?