A more relaxed day. Probably helped by a longer meditation prior to the open.
14:36:00 Trade One: Overnight action was one way. Up. So I was looking for positive $TICKS and pullback on price and $TICK to enter long. Got it and then a $TICK extreme against Yesterday’s High. I waited for a test of the high and a divergence. It didn’t come so I stopped out on a Tine Stop.
R-Multiples: Entry 1 -0.13R Total -0.13R
In hindsight I could have taken the divergence that set-up trade two and been up a tick or two…
14:41:00 Trade Two: DivA against Yesterday’s High. I was able to scale-in early and managed the trade over the next 20 mins to target -0.25pts. Very orderly price-action showed no false signals all the way down. Was keen to exit on the 1 pt thrust down. Price was penetrating the trend line I had drawn on the 5 mins chart and this had shown fairly strong bounces overnight.
R-Multiples: Entry 1 2.11R Entry 2 1.88R Total 3.99R
Decided that I would have a short trading day today. Looking at the chart as the day has progressed the market would have presented at least one more full target trade (DivW against 20MA on 5mins). Left on the table… oh well!
Total 3.86R before commissions
{ 2 comments… read them below or add one }
Well, if I could make 3.86R every 31 minutes that I trade, i would be a very rich bunny ! Nice trading Anthony..I think there is quite a lot of re-setting of asset allocation going on today in the US due to month end- hence stocks down and bonds and notes aggressively up.
Thanks Martin, Made up for the day before… Your 12 hour day x 3.86R… Lovely!