Trading the ES

[Eat Beef]

I neglected my old Emini thread for quite a while, and I'm going to start this one, hopefully to keep myself honest, and as a running trade journal. It makes it real once you put it out on teh interwebs.

Today the March emini S&P (ESH11) has set a new high, then fell back below yesterday's low. I originally went long on the open, was stopped out (- 6 ticks), then went short @ 1290.

We're currently sitting on the daily lows around 1285, and my stop has been moved up to catch 100frns of profit should it turn around. We've already seen a move greater than the average daily range, so the low might be in, however, we currently have a bearish engulfing candle, and it's Friday, so we might be in for a doozie.

Feel free to join in if you have something to add, this ain't a private club or something!

[Eat Beef]

Too aggressive with my stop. I got out with a profit, but missed a lot of this monster move.

Oh well, I don't cry over profitable trades.