------------------------------------------------------
Coming into the opening, the ES was near the top of a 4 point range. I was hoping for a pullback to the middle of the lower part of the range or about two points. When on the opening minute of trading, the ES goes in the opposite way of the current basis, trading against that direction is highly profitable. The stoc was bullish so the basis in my mind was bullish. The market had been going sideways after a good movement up. I wanted to enter around 2043 with the stop below 2042. Usually I take most if not all of the trade off at one point but this looked like a good opportunity to try for the top of the range at 2046. Once the market paused at 2043, I entered at 2043.25 and trailed with a one point stop that got hit at 2046. In hindsight, I could have gotten more if I had just a tick or bigger stop, but I will take the 2 3/4 gain.
--------------------------------------------------------
Moments later the market gave two great entries to buy the pullbacks at 2046.75 and 2046.25. Both I failed at by trying to get filled at 2045.75 which was a 50% pullback. Got to be just a hair more aggressive.
2 comments:
You have very unique content over this blog, i really like your way to present the particular topic.
Trading of foreign currency or Forex trading as it is known is an easy way to make huge money by investing a small amount. There have been many traders who have, made huge profits by using the expert advice from others who have been on the forex platform for many years. Number of reasons makes Forex market the best place for investors who like their money to grow quickly. The highest daily turnover sure makes the Forex market the best place for any new trader to get accustomed with ups and downs of stock market. To know more about forex signals trading. You visit and join us: forex signals
Post a Comment