Thursday, 19 July 2012

Yesterday's ES Trade

Did yesterday's ES trade work for me? Long answer is I covered the first scale out at 1 point per contract profit as soon as I could get it. I told you about that yesterday.

What did I do next? Price rallied back to 33EMA and then down to below the 99 EMA and failed to break. I covered the balance with the crowd that was buying a tick above the low. I made 1 point per contract on my whole position. What doesn't happen can be as important as what does happen.

Short answer, I did have a successful trade. Milk but no cream.

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