2 Steps Forward 1 Step Back

[DraXon]

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.

 

[DraXon]

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.

 

[DraXon]

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.

 

[DraXon]

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!

 

[DraXon]

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? ).

 

[dottom]

Quote from DraXon:
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? ).

Try 10yr Treasury Notes or Crude Oil.

 

[DraXon]

No trades today.

 

[DraXon]

Quote from dottom:


Try 10yr Treasury Notes or Crude Oil.

Thanks for the suggestions. I will look into it.

 

[QQQBALL]

Quote from DraXon:

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!

dude,

way to hang in there and milk it!!! :eek:

 

[trade4succes]

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?