Still more than 30 minutes left in the trading day, but it's clear that the short side was the safest bet today. Following are my trades and a picture of the intraday action. Note that the day's results might have been considerably less since the intraday peak at 2 pm missed my stop by one tick! By that point, I'd already banked $675 and had moved my stop to breakeven. Sometimes, one tick is all it takes...today, we're one tick to the good...other days it works out the other way.
ES
- Short 15 @ 1332.25
- Cover 5 @ 1331.00 + $250
- Short 5 @ 1332.75
- Short 2 @ 1331.25
- Cover 2 @ 1330.25 + $200
- Short 2 @ 1331.75
- Cover 2 @ 1330.00 + $225
- Cover 9 @ 1326.25 + $2,762.50
- Cover 3 @ 1325.75 +$925
- Cover 3 @ 1324.50 +$1,112.50
--- Total for the day: $5,475 ---
I'll post once more after the close so that we can see how the VIX ended the day.
1 comment:
I like your analysis.
One comment:
The bar at 14:15 that did not tick you did get me. On hindsight it was a perfect breakout test, but I didn't see it at that time.
A breakout test is one that comes back to test a prior perfect entry (typically the HOD or LOD) to stop out all the traders who moved their stop to breakeven.
Today the perfect entry short was below the 12:15PM bar. As you can see, the 14:15 high came up and stopped them out before running down.
Just wondering, is that why you kept your stop 1 tick above that bar?
Post a Comment