Just one more thing to note here: gaps have filled on every day this week. We could get a run-away gap and go day soon.
That's what I posted in my Gap Tracker update on Friday, and sure enough, no gap fill today. The Gap Tracker post has proven to be a useful asset more than a few times now, and I will continue updating it every evening.
Aside from that, it was a very tough day to trade filled with fake outs and stop-runs! I stuck with Sim, and managed +$250 or so on the day. I have other more important business issues that I need to deal with this week, so I probably won't be trading on the real $ account. Simply put, my attention and focus is divided among too many tasks and issues, and I'd rather be disciplined and stick to Sim for another week or two than lose money in the real $ account. I will still be updating the Blog every evening. Lastly, I'm expecting more down-side tomorrow, but as always, just trade what you see and manage risk/reward and you'll be fine.
Gap Unfilled from 820
ES Market Balance (5-min Day Session Only)
TF Market Balance (5-min Day Session Only)
My views on trading the E-Mini S&P 500 Futures utilizing Price Action, Market Structure, Volume/Market Profile and the Auction Market Process. Visit www.EMiniPlayer.net for Daily Key Support/Resistance Zones, Trade Plan and Educational Recaps.
Tuesday, February 17, 2009
Tuesday 02/17/09 - Tough day to trade
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How many contracts were we turning for that profit again? ;)ReplyDelete
Your gap tracker is becoming ever more interesting btw!
Oh snap, did I just get called out? LOL! I was using 1-2 contracts in the morning and was down -$287.50 on the day, and then a 4-lot ES trade put me back to positive territory. The last trade of the day was a 3-lot trade that put me at +287 :)ReplyDelete
Three-to-Four-Lot Trading LLC? :D