Swing Trading Futures

[karoshiman 10]

Short ES from 1576.75. Break of upward trend line and failed breakout of short downward trend line.

[karoshiman 10]

Covered short with a loss and flipped to long at 1581.25.

 

Looks like my short scenario is not working out. Price seems to obey the previously established upward trend.

[karoshiman 10]

Covered short with a loss...

 

Trade summary last trade

[karoshiman 10]

Covered ES long pos. at 1591.50 with a profit.

[clmacdougall 11]

Another shake of weak longs on the way to 14823.

[karoshiman 10]

Short ES at 1584,75. Break of trend line.

[karoshiman 10]

Covered ES short at 1577.50 with a profit.

[karoshiman 10]

Short again ES at 1581.50. Price retested trend line break area and turned down again.

[clmacdougall 11]

Short again ES at 1581.50. Price retested trend line break area and turned down again.

 

Those trend lines can bite you for sure, there's no way you're still in that trade!

[karoshiman 10]

Been kicked out of short pos. in ES at 1589 with a loss.

[karoshiman 10]

Those trend lines can bite you for sure, there's no way you're still in that trade!

 

Unfortunately, I was...

[clmacdougall 11]

The June Dow futures contract should be traded from the long side until and after it breaks above 14,823, and as long as it does not move below 14,626 after breaking above 14,823. IMHO.

If you've taken profit on your first contract at 14,698 after buying at 14,505 then use a conservative protective stop now at 14,626 in order to guard your profits as you trade with 14,823 in mind. All the best.

[karoshiman 10]

The June Dow futures contract should be traded from the long side until and after it breaks above 14,823, and as long as it does not move below 14,626 after breaking above 14,823. IMHO.

If you've taken profit on your first contract at 14,698 after buying at 14,505 then use a conservative protective stop now at 14,626 in order to guard your profits as you trade with 14,823 in mind. All the best.

 

 

Congrats on the 2nd target!

[karoshiman 10]

What a move after NFP... I was yesterday several times close to taking a short near/after cash close with a similar reasoning as the last trade (retest of trend line). However, wanted to wait for ON session and NFP in particular as I thought, this might be the safer trade... man, was I right! Seeing this aggressive move up, I guess, many took the short before NFP... the big question now is: Will the uptrend, which we saw in the 1st quarter continue? (i.e. no sell in May? )

[karoshiman 10]

Long ES at 1614.00 near trend line.

[karoshiman 10]

Covered ES long pos. at 1628.00 with a profit.

[karoshiman 10]

Long ES at 1625.00 near trend line.

[karoshiman 10]

Covered long ES at 1622.50 with a loss. Trend line violated too early for my taste.

[karoshiman 10]

Covered long ES at 1622.50 with a loss. Trend line violated too early for my taste.

 

 

I guess, I was too scared giving back some of my nice profits of last week. My original stop was below the low of the day, but I moved it up... :crap:

 

But I'm not going to chase this market. Waiting for the next trade setup...

[karoshiman 10]

I should be given a trophy for outstanding trading performance this week... I've accomplished the incredible feat of generating a loss with a long position this week! Not many can copy that... lol

[karoshiman 10]

Long ES at 1653.75 near trend line.

[karoshiman 10]

Will possibly not be able to post my exit in or close to real-time due to a business trip today. Orders are placed though. Will probably return towards cash close.

[karoshiman 10]

Covered ES long pos. at 1649,50 with a loss.

[karoshiman 10]

Long ES at 1661.25 at trend line.

 

Tight stop. Might re-enter long a bit later if stopped out.

[karoshiman 10]

Covered ES long at 1677.25 with a profit.