/ES 3.25 point loss

It just didnt go in the right direction for me.  I took a large (for me) loss of 3.25 points but I feel good about it after what happened all morning.  Price steadily marched down to and past noon.  I missed a big down day which im sure some people bought like I did but kept holding.  I dont mind having a fairly small loss if its a big down day.

/ES 1.75 loss (trading differently, probably wont do it anymore)

Another interesting morning for me.  If i had traded the way I have been, which is entering at S/R levels of short term trends leading up to the open, I would have made 3 or 4 points.  This morning I tried something different, basically ignoring when the open was and buying at a more major S/R level, it happened to not work out.  What I see is trading that way would probably work overall also but it would mean fewer entries and probably bigger risk/bigger rewards.

I will stick to entering at or near the open, buying at rising support or selling at falling resistance, from a small trend leading up to the open.  I should have made about 3 points today but officially i will chalk it up as the loss i earned. I lost 1.75 points today.

/ES 1.75 point loss

Interesting chart for S&P500 emini 5 min  this morning.  As of 8:20 I only wanted to buy because I saw a large uptrend, a big weird rising channel.  I made a late entry around 10 am when price appeared to be close to support but only after calming down.  Just before price plunged to support but I would not buy on a plunge because I don't know what will happen with that much momentum.  So then I was stopped out fairly soon after, then price took off like I wanted it to.

I made a mistake.  I bought too high because I did not draw an accurate rising channel.  I just didn't see it.  Now assuming I saw it and anticipated the correct support, I am not sure if i would have entered because price barely hit the support I THINK i should have been using.  In the end, I should be more careful with drawing S/R levels and I lost 1.75 points today.

No trade today

I was looking to buy at support after the open but price was falling so quick to it I chose not to get in.  I dont enter when price is volatile.  It turned out to drop well this morning so i would not have lasted long buying anyways.

/ES 1.5 point loss

I got in early just after 8am,  things turned sour for me right before the opening bell.  1.5 point loss.

/ES 1.25 point loss

There wasn't the greatest rising channel but it looked good enough to use.  I bought a few minutes before the open near support and instantly price went the wrong way.  Judging by the volatility of orders within the first 10 minutes, it looks like it could be a very sloppy day.  Out with a 1.25 point loss.

/ES 1 point loss

Everything was looking great after my premarket entry but after the open there was decent selling pressure that stopped me out.  I cant get them all.

/ES 4.25 point gain

My trade barely hung in there half the time but after a really long morning, it finally closed past a trailing stop to give me 4.25 points.  Slow, boring but a good trade.

/ES 4.5 point gain selling

Price was trending downward in a falling channel, I sold at a resistance level just after 8:50 am, then price steadily fell down.  Several trailing stops were created and I ended up with a 4.5 point gain.  Nice.

/ES downtrend should start by December

I'm checking out the $/ES chart on #Mobile Trader with TD Ameritrade http://www.tdameritrade.com/mobileapps

Im pretty sure the us economy did not actually grow by 50% in the last 6 months.   Shorting should become common soon.

/ES 16 point gain for the week (about)

Monday- small gain, 1 point
Tuesday- medium gain, 6 points
Wednesday- small loss , -1 point
Thursday- small gain, 1 point
Friday- large gain, 9 points

I traded on friday in real time using my phone but I lost 3.25 points instead of making about 9 points because my phone confused me on how big the rising channel was.  I thought it was very big and ok to trade against the trend by selling short but I was wrong.  The channel was thin and an obvious BUY situation.  Now I know I have to always use a real computer.  On friday i should have done well.

Trade with the trend, enter at S/R near the open, exit after a close past trailing stop.

/ES 2.25 point loss

I bought at a good looking support area.  In the first 5 minutes i could tell orders were all over the place so I lost faith in this trade pretty quick.  Suddenly it surged up, then it surged down, i was stopped out.

/ES breakeven short

I sold short at decent resistance.  There was no strong action and I was calmly stopped out.  It was looking like a 2 point loss for me but b y the time my exit order went through price moved toward my entry.  No gain, no loss, breakeven.

/ES 1.25 point gain

I had to miss the opening this morning because I was called in for a project at UHY Advisors but if I did trade I would have made about 1.25 points shorting.  It turned out to be another boring summer sideways kind of day. 

/es 3 point loss

Bought near support and price tanked.  I was stopped out instantly.  I really felt like watching a good trade today.....3 point loss

/ES .75 point loss Shorting

I lost $37.50 worth by shorting because there was no real follow through, just some slow,boring consolidation.  Then price decided to push up a little higher, i hit my stop loss and exited.  Then price decided to take a decent dive....the move i was wanting.  I was correct on which direction to trade but the morning action evaded me today.  : (

Pre-4th of july randomness

People started trading an hour early and there would have been no clear entry for me and it was a very volatile push up.  I chose not to get in.  If it ever feels strange and different I probably wont trade.  Yhat is when you cant calculate risk anymore. 

/ES 1 point gain

By 9 am i figured it was going to be a pointless, sideways, dull day.   But i hung in there and the market really fought for me to have a 1 point gain, $50, after 3 hours.

Looking back

So depressing how I did not make one post on my trading blog while teaching during the 2013-2014 school year. Yuck, glad that is over.

Im talking with my beautiful wife about what money I might put in my trading account right now.$5k would cover 1 /es contract.

I want to make my dad proud.   He knew how much I was getting into trading and it would definitely follow my family's sicilian-entreprenuerial-tradition. 

11.25 point gain

Beautiful, worry free, big 5 minute trade.  Price opened at support of a decent little rising channel.....support = buy it stephen!  This morning turned out really well.  The big trades like these are the real gains I will make for my account.  The last week or so would have 'struggled' to give me about $700 in gains, but then a day like this nearly matches the last 6 trading days combined.

It doesn't always work out, just like yesterday.  That was a 2.5 point loss.  That is chump change for /ES standards but it kinda hurts when you had been making gains of only 6 points, and then 1.75 points.  But an 11 point gain like today is what makes sense of everything.  I get into trades and focus on getting out.  As long as I limit the size of my losses, I can let the gains keep going and going like today.

Why did it go up?  I don't know or care why, i just look at what is happening now visually.