Just a small bite of the profit cake – S&P emini trading blog
I am suffering from man-flu once again!! I was ill two weeks ago also so I’m feeling rather poorly.
Anyway, there’s nothing getting in the way of me and my trading. I came back usual time today and shorted when I saw that the stochastics were turning.. I got in a bit late with an entry at 136175 and rode it to the round number 136000 for 7 prices. Nothing special!
The market actually went lower and I left a bit on the table. At this stage, about 19:15 GMT, I was looking for a long trade (see blue arrows on chart). The stochastics in the 5 mins were looking to turn and I had targetted 136225… if I had traded this, it would have yielded some profit! Drats!
Anyway, nevermind… my third trade was a short below the day low at 135300.. 3 prices below the low. I took profit at 135150 for 6 prices which was a bit premature as the market fell lower, all the way to 134575.. double drats!
Anyway, in profit overall today at +13.
