Wednesday, April 15, 2009

ES 4/14

There were really quite a number of warnings before the sell-off:
1) Partial Rise on the hourly chart
2) A consolidation of candles and engulfing patterns that reinforce the 854 resistance before the death drop from 857
3) Uptrend has hit fib 211.8 - a little stretched
4) On daily chart, ES was rounding at the top

The irony is that despite seeing a triple top, and waiting the whole day for ES to break below hourly support, I had missed the setup. Didn't chase. Will see what develops tmrw.

D got home half an hour before market open, and after we've had dinner and done all the talking about our day, I was too distracted and tired to trade.

Am going to start a new routine: 2 trades in the morning (local time), and 2 trades in the evening (US trading session) and SLEEP in between.

My 2 trades today:

3 comments:

mvw said...

Nice, Jules. That's how you do it, take 'em for what they're worth! :P

JE said...

Nice job today, Jules. Keep that P&L blue. :-)

Jules said...

Thank you, MVW and JE!

As you can see, I'm still a scalper once US market opens. I feel schizo...