Thursday, September 23, 2010

EMINI Fade - Winner and a Loser

Stopped out - Trade 1

Trade 2 - Fade

(Double Click Picture for a Larger View)
.
Stock:ES Trade 1
Time Frame: 5 minute

Entry Green Line: 1128 SHORT
Stop Red Line
: 1129.75
Result: Stopped out

Notes
: Red reversal bar at 200SMA, stopped out.

Stock:ES Trade 2
Time Frame: 5 minute

Entry Green Line: 1130.50 SHORT
Stop Red Line
: 1132.75
Result: scale out at +4 and +10

Notes
: Red reversal bar at 600SMA, scale out and let it run. Be sure to sell at close.

* 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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