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Stock: E-Mini ES
Entry Bar:Red inverted hammer
Time Frame: 5 minute
Entry Green Line: 1093.75 SHORT
Stop Red Line: 1095.25
Result: scratch trade to +2.75
Setup Grade: B+
Notes: Nice 9 point extended move into about 3 price levels that I watch. Red hammer formed and took the short at these price levels. While I made a scratch trade this a great example of holding your stop and scaling out. Was looking at getting 5 points and out.
Time Frame: 5 minute
Entry Green Line: 1093.75 SHORT
Stop Red Line: 1095.25
Result: scratch trade to +2.75
Setup Grade: B+
Notes: Nice 9 point extended move into about 3 price levels that I watch. Red hammer formed and took the short at these price levels. While I made a scratch trade this a great example of holding your stop and scaling out. Was looking at getting 5 points and out.
* The setup grade is based on rules outlined in my business plan & not for the end result. Feel free to post any trades you made today that you would like commented on.
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