Week 4 Trades, Spookywill

[wshahan 10]

to strat the week, let us short the ES at 1402. Stop over the high of 1402.75 at 1403.50. This is a typical aucton market trade with a low probability of success, but a terrific risk/reward ratio if it is successful.

[wshahan 10]

I am changing my target to two to one this week to look at scalping so limit in to sell at 1397.50.

 

Mis added, the stop was 1.75 higher than the entry, so the exit price for a two to one return should have been 1398.50 rather than 1397.70.

 

so we just got an execution at 1398.50 and a profit of 3.5 points.

Edited April 30, 2012 by wshahan

[wshahan 10]

We have just tested the low of the daily composite profile high node at 1395. Go long at1394. 75, stop at 1393.50

Edited April 30, 2012 by wshahan
typo in stop

[wshahan 10]

There is resistance at 1395.75 which we have just hit. If that price can be exceeded, higher prices are likely. Our target is 2 x risk or 97.25, raising stop to 1394.

Edited April 30, 2012 by wshahan
typo

[wshahan 10]

raise stop to breakeven

[wshahan 10]

Scrubb trade at 1396

[wshahan 10]

stopped out at breakeven

 

Prices got to one tick of our tagrget and failed. In a trade like that, if you are adroit, take the profit. We were at risk for bad economic news which we got, and prices drifted down before the release, so why not take a small profit. I was getting ready o scrub the trade at 1396 when prices dropped.

Edited April 30, 2012 by wshahan

[wshahan 10]

short at 1393, stop 1395

[wshahan 10]

1393 is Friday's day session low, target 1389

[wshahan 10]

scrubb trade, go long at 1393.00

 

My bad, there was a longer term high volume area at 1391 which represented a good long entry.

 

 

Stop 1391, target 1397

Edited April 30, 2012 by wshahan

[wshahan 10]

My stop was too tight

 

Enter long at 1391.50, stop at 1388.50,

 

trade is to see if high volume area holds

[wshahan 10]

We have a two hour balance area in the es between 1393.50 and 1391. current price is 1392.50. True scalpers take profits here at 1392.75.

 

Raise stops to 1390.75,

 

Be prepared to go with a breakput from balance in either direction.

[wshahan 10]

there was a spike to 1392.75 and a reversal off that mini high. reverse and go short from 1392.

stop at1393.50, target 1388. if prices do hit 1388, I would be looking for lower prices from there.

[wshahan 10]

this is a day to avoid obviously, a new low in range development, and rotational trade within a two point range. my bias has been to the upside, we retested 1391 and it held so far, and we are retesting 1391 again.

 

If it breaks here, maybe we will get some down movement.

[wshahan 10]

this is a slow day, no movement, move stops to 1392, try and catch low of current pull back to exit short.

 

We likely will close at or near the high volume point of 1392.50.

[wshahan 10]

reverse and go long at 1391.50

[wshahan 10]

order in to sell at 1393.75

 

3;13..27, order executed 1393.75, +2.25 points

Edited April 30, 2012 by wshahan

[wshahan 10]

sold short at 1394.75, stop 1396.75

Edited April 30, 2012 by wshahan
typos

[Ammeo 10]

  wshahan said:

order in to sell at 1393.75

 

3;13..27, order executed 1393.75, +2.25 points

 

How much ur total profit/loss been on ES since u started this thread??