Shared by
CATraders
Great trade. Narrow Initial Balance. TF leading the way trading below IB level and it's open.
Great trade. Quickly scaled in 3 contracts with profit target set at VAH (1852.25)
I stretched out the final contract's PT to VAL as the TF was making lower lows and moved it to Invivo's.
What to do next time:
1. Dont stretch profit target if we find support / resistance on the 4500 chart.
2. Scale in 3rd contract once we broke the defined ledge.
Here are the screen grabs...
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-03-25 10:31:40 | ESM4 | sell | $1858.00 | short |
| 2014-03-25 10:35:38 | ESM4 | sell | $1856.75 | short |
| 2014-03-25 10:49:16 | ESM4 | sell | $1855.25 | short |
| 2014-03-25 10:55:20 | ESM4 | buy | $1852.50 | short |
| 2014-03-25 10:55:20 | ESM4 | buy | $1852.50 | short |
| 2014-03-25 11:02:35 | ESM4 | buy | $1854.25 | 0 |
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