Wednesday, December 18, 2013

ES 30 Minute Fade Short - no fill



ES 5 Minute Chart
.
E-Mini: ES
Long or Short:SHORT
Entry Point: 1779.75
Stop: 1811.75
Exit Goal: 1775.75
Result:NO trade No fill
Notes: Very slow in the AM. No trade here. Price never hit on a 30 Minute fade short as I liked the set up. I usually don't trade the afternoons and passed on all the "action" after the fed. No reason to trade every day. 

* 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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