WeTheTrader is a resource for traders to share ideas about investing and trading the markets with Focus on the (ES) E-Mini S&P 500 Futures.
Wednesday, October 6, 2010
Higher Highs and Lower Lows
Intra-day here in the first hour of trading, we have a minor uptrend forming. I am considering a long entry on the next down-tick. 1157 will be my probable entry. Will post here in the comments if I take a trade...
Reason I decided to hold for more than a point is that the Nasdaq and Russel were leading the way lower. Selling has not continued however. Looking to exit this position on the next down-tick
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Long ES at 1157
ReplyDeleteLooking to exit this trade on the up-tick back to my entry
ReplyDeleteCovered ES at 1156
ReplyDeleteAnd Short now at 1156, just looking for a point
ReplyDeleteGoing to hold for more than a point
ReplyDeleteReason I decided to hold for more than a point is that the Nasdaq and Russel were leading the way lower. Selling has not continued however. Looking to exit this position on the next down-tick
ReplyDeleteCovered ES at 1154.50
ReplyDelete