3rd December – S&P emini trading log – conflicting signals
I only made one trade today which was a buy at 147375 which was the support level. I targetted 147750 but got a bit spooked and sold out at 147650. However, if I had left it, it would have made the target.. eventually.
There was another time to buy when the market again hit the support level but I didn’t trade it.
Later on around 8pm, the market broke towards the downside. This was a fake breakout and it shot straight back up again… the only clue here was the positive divergence which formed on the stochastics on the 5 min charts.
Walked away with +11 today.
(click to enlarge)
