Good morning traders. This morning was a bit undecided at first with the Corona virus update! The economic reports show more job growth and less unemployment!
I was in the profits early as I scalped the first downward move on the /MES Micro S&P Futures Contract.
This was a great way to start the morning with a green trade right out of the gate! I then decided that I would re-enter a Short side trade after we got some momentum back up to the upside. That trade was a small loss as I stopped out in the red.
In this particular instance, I was predicting the market would turn back to the downside despite good economic news! (mostly because of the Coronavirus updates) I was patient with the trade and accepted the risk I had pre-established. That was a small loss which ended up putting me in the RED just a few bucks.
This last trade is one that I have had big success with! I entered the position with confidence, One of my Edges so to speak! As I returned to my desk, I could see the market had begun to really trend upward! Instead of jumping in blindly, I waited for a lower risk opportunity. The price action slowly drifted down to the 9 EMA and held. On the very next green candle, close to the 9 EMA, I entered long.
This trade was very easy to predict. This is one of the Few in my strategies that has a decent probability rate. This trade put me back into the green for the day and concluded my trading for the morning. Happy trading everyone!!!
Long time supporter, and thought I’d drop a comment.
Your wordpress site is very sleek – hope you don’t mind
me asking what theme you’re using? (and don’t mind if I steal
it? :P)
I just launched my site –also built in wordpress like yours–
but the theme slows (!) the site down quite a bit.
In case you have a minute, you can find it by searching
for “royal cbd” on Google (would appreciate any feedback) – it’s still in the works.
Keep up the good work– and hope you all
take care of yourself during the coronavirus scare!