TODAYS TRADES : SCALPING THE S&P MINI FUTURE

ES 5 MIN CHART

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.

MORNING SHORT SIDE SCALP /MES

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.

STOP TRIGGERED ON SHORT SIDE TRADE

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.

DIP STRATEGY ENTRY /MES

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!!!

One Reply to “TODAYS TRADES : SCALPING THE S&P MINI FUTURE”

  1. 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!

    Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s