2 trades: 1 @ -1,0 points, 1 @ BE.
I was rather satisfied with my long. We were closing above 1303 on high TICK readings and we were close to
the daily highs. A test of the highs was a likely target. One tell that could have prevented me from going long was the fact that we were making the highest tick readings for the day prior to the close above 1303, without sustaining a real breakout. My stop was tight though and the R/R acceptable, so I`m not crying.
Now, since the market did not go up and I perceived a divergence between TICK and price, I started entertaining the idea of
a short. In the ES journal I wrote about how I entertained a short @ 1302,50. I did however not have the confidence
to execute the trade, since I would rather see some confirmation. Confirmation, did I get, but it happened way too fast, making me enter a little to late.
I then entered short with a scalp target @ 1299,50, which almost got hit. Since I`m practicing not puking out of a winner
too early, I held on to the trade, although we were testing resistance. Finally, I got a warning from IB about margin changes
so I had to puke. I entered a stop @ breakeven and one at +0,75 points. The B/E got hit. My mistake on this trade was that I
pushed for a profit that was not there. Probably influenced by the previous trade.
Oh well, still slightly ahead for the week and did not lose much. My confidence is not shattered and I will be ready for a
new day tomorrow.
