Trade 1
Bought 4 contracts here (2 at a time)
- Monthly VWAP had almost tested +0.5sd (previous resistance point) and was subsequently climbing
- Weekly VWAP had come down to -2sd (aligned with +2sd hypo) and was subsequently climbing
- Daily VWAP had gone -ve (very fast trend) but looked like it had met some resistance (buyers were just coming in)
- OF looked like it started flattening; with a potential sign of the market turning
- TP placed around previous peak and VAL of CVA and recent highs on weekly VWAP to exit early / with minimal loss
Grade C as:
- Price and OF had not corrected at this point, so was a bit of punt - lower highs / lows (price and OF)
- No real confirmation, didn't wait for a bounce or confirming that the market condition had changed
- Added 2x 2contracts by accident (thought I was adding 2 x1 contract initially)
- SL placed below lowest low so R:R would've been poor
Trade 2
Bought 3 contracts here (1 at a time)
- Monthly VWAP had almost tested +0.5sd (previous resistance point) and was subsequently climbing
- Weekly VWAP had come down to -2sd (aligned with +2sd hypo) and was subsequently climbing
- Daily VWAP had gone -ve (very fast trend) but looked like it had met some resistance (buyers were just coming in)
- OF looked strong initially
- Price increase - higher highs / higher lows (supported by OF)
- Exited early as OF went flat / weak, so had less confidence in the trade - exited at previous high (also exited due to family commitments)
Grade B as:
- Initial SL placed very tight - next to the recent low (under VAL of CVA) - 1 SL triggered (but added one more contract as it went in my favour
Market rallied higher; could've got more from the market if I'd waited, particular as OF supported a move above VWAP
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-02-11 07:47:47 | ESH1 | buy | $3891.75 | long |
2021-02-11 07:47:47 | ESH1 | buy | $3891.75 | long |
2021-02-11 07:47:51 | ESH1 | buy | $3892.25 | long |
2021-02-11 07:47:51 | ESH1 | buy | $3892.25 | long |
2021-02-11 07:57:38 | ESH1 | sell | $3895.25 | long |
2021-02-11 07:57:45 | ESH1 | sell | $3895.50 | long |
2021-02-11 07:58:25 | ESH1 | sell | $3895.75 | long |
2021-02-11 08:04:46 | ESH1 | sell | $3895.75 | 0 |
2021-02-11 08:16:17 | ESH1 | buy | $3898.50 | long |
2021-02-11 08:45:23 | ESH1 | sell | $3899.75 | 0 |
2021-02-11 09:16:10 | ESH1 | buy | $3895.00 | long |
2021-02-11 09:16:45 | ESH1 | buy | $3895.00 | long |
2021-02-11 09:22:26 | ESH1 | sell | $3891.25 | long |
2021-02-11 09:28:53 | ESH1 | buy | $3896.75 | long |
2021-02-11 09:48:06 | ESH1 | sell | $3898.75 | long |
2021-02-11 09:54:53 | ESH1 | sell | $3900.25 | 0 |
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