Tuesday, January 14, 2014

ES and YM Gap Fill Short


ES and YM 1 Minute Chart
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E-Mini: ES  YM
Long or Short: Long
Entry Point: 1821   16258
Stop: 1823    16278
Exit Goal 1:1819   16238
Exit Goal 2 (optional):1817   16218
Result: W
Notes: Entered before resistance and took some heat with ES. Pre market set up well. Nice quick trade with the short term trend.
 

* 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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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