ES
Sub-account
Open:
Short 1 @ 1478.00. 1 hour to the close, 60m VC Doji, against strong trend, 3 points stop loss at 2 ticks above the high, not sure about the target yet, it may be fib retracement or 60m 18EMA, may just trail the stop loss to start with, will carry it overnight if stop loss doesn't get hit.
Close:
Didn't really want to hold this overnight, because it's against strong trend, put a limit order at the Sky Line to see if it can get filled before the close.
Cover 1 @ 1475.00. Target hit, 5 ticks heat.
2 contracts $150 gross, $139.36 net.
6E
Open:
Long 2 @ 1.3346. 30m TC18, 25 ticks stop loss at 10 ticks below 60m TC18, will add in 2 contracts at 60m TC18. 10 and 30 ticks target just below the low.
Close:
1st: Sell 1 @ 1.3356. First target hit, 7 ticks heat, stop loss moved to 1 tick below the low.
It continued higher and looks good, decided to move stop loss to the entry price.
It's not moving up as quickly as I hoped, and it got to 4 ticks from break-even stop loss, thinking about taking profits and not wait for it to hit the target.
2nd: Sell 1 @ 1.3360. I waited for a break of a 5m reversal doji to take profits.
2 contracts $300 gross, $285.52 net.
6E
Open:
Long 2 @ 1.3300. Break-out of a major diamond pattern and a minor H&S pattern. 20 ticks stop loss at a few ticks below the low of the minor H&S pattern. Targets are 15 ticks at a swing high, also the height of the minor H&S, and 50 ticks at resistance.
Close:
1st: Sell 1 @ 1.3315. First target hit, 1 tick heat, good energy, moved the second target to +100 ticks at 1.3400.
Pyramid add-in.
2nd: Sell 1 @ 1.3280. Stopped out.
2 contracts -$62.50 gross, -$76.98 net.
Pyramid add-in in sub-account:
Open:
Long 1 @ 1.3296. It came down to the trendline, bounced a little, put a limit order in and got filled. It made a whoosh down, stopped the original trade out. I then put a 36 ticks hard stop loss at 2 ticks below the low of the pattern and a 80 ticks target at a Sky Line above, basically giving it a chance to run.
Close:
It shot straight up, I moved up the target to 1.3490 just below the Tree Line and moved stop loss to break-even. Will try to hold on to it until it reaches the swing target.
Sell 1 @ 1.3209. It broke the 1.3340 support in a significant way after two previous successful tests. Didn't raise my stop loss to below the support, tried to get out of the trade with limit orders but couldn't get filled, it then came down to very close to my stop loss, and I pretty much panicked and put a limit order very close to the market price and got out. It got down to 5 ticks from my stop loss and bounced to just below the 1.3340 level.
Lessons learned:
1. When up over $1000 or so, just take profits when it hits major resistance/support, in this case 1.3400.
2. If not, certainly raise the stop loss to a support/resistance level, in this case 1.3340, locking in at least 1/3 to 1/2 of the profits.
3. Or somewhere in between, i.e. in this case when it broke the trendline at the top and I even said to myself, this doesn't look good but didn't take any action.
1 contract $162.5 gross, $148.02 net.
Re-entry:
Open:
1st: Long 1 @ 1.3305. After the initial dip that stopped me out, it shot up again and looks like it's forming a larger symmetrical H&S reversal pattern. Missed a couple of entry points didn't want to miss out again, put a single contract order quite high and another one 6 ticks below at 5m support.
2nd: Long 1 @ 1.3299. Second contract filled, the average is 1.3302. Stop loss is 27 ticks below the average at 1 tick below the last swing low. Targets are 18 ticks at 1.3320 resistance and 38 ticks at 1.3340 resistance.
Close:
1st: Sell 1 @ 1.3317. It had a whoosh up, didn't want to be a jerk for a tick, dropped down the order by 3 ticks, 17 ticks heat from the average.
It shot straight up, I moved up the target to 1.3377 just below the Sky Line and moved stop loss to break-even.
2nd: Sell 1 @ 1.3377. Target hit.
2 contracts $1125 gross, $1110.52 net.
For the trade $1225 gross, $1181.56 net.
6A
Open:
Long 2 @ 1.0510. Swing Analysis, Daily Hammer. Trying this trade again, will take off 1 contract with 1 tick profit and let the other one run, stop loss is 30 ticks at 4 ticks below the low of the previous day, initial target is 50 ticks at 12 ticks above the high, may move it higher if the trade goes my way and has good momentum.
Close:
1st: Sell 1 @ 1.0511. 15m to the employment report, was thinking about giving it more room, but didn't want to take the risk, took off the first contract with 1 tick profit.
2nd: Sell 1 @ 1.0480. Stopped out.
2 contracts -$290 gross, -$304.48 net.
