Tuesday, November 19, 2013

ES 30 Minute Breakout


ES 5 Minute Chart
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E-Mini: ES
Long or Short: Long
Entry Point: 1790
Stop: 1788
Exit Goal: 1794
Result: Flat
Notes: After down day, in current up trend, sprung nicely off the low of yesterday. Inside bar set up. Traded up and missed me by a tick. Moved stop to entry.  

* You don't have to trade everyday. If the conditions don't feel right or if you're unsure of the current days trading environment then PASS on the trade. Missed money is better than lost money.  Day trading and the stock market is not a "war" that you must win at all cost. Trading should be fun, wait for only the good setups. Follow your rules, stick to your stops, and know that everyday the market presents a new chess board.

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Disclaimer

I DO NOT MAKE RECOMMENDATIONS TO BUY OR SELL SECURITIES - I JUST POST TRADES I MAKE OR FIT THE RULES OF MY TRADING PLAN ON A DAILY BASIS. DO YOUR OWN DUE DILIGENCE - YOU ARE RESPONSIBLE FOR YOUR TRADES, INVESTMENTS, AND DECISIONS! ALL CHARTS COURTESY OF TRADESTATION, SCHWAb & TD AMERITRADE