Monday, October 4, 2010

Fading the Gap Fill - Emini ES

5 minute chart setup

5 minute spread over two days.

(Double Click Picture for a Larger View)
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Stock:ES e-mini
Entry Bar: 9:50 Bar
Time Frame: 5 minute chart

Entry Green Line
: 1142 SHORT

Stop Red Line
: 1144
Result:
up to 5 points, missed bigger run with bringing your stop to even after a nice 4 plus gain. It happens.
Notes
: Fading the fill on the gap close. See resistance no longer 5 minute chart. Nice red bar to fade. News out at 10, had tight stop.

* 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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