Tuesday, March 3, 2015

Tuesday Recap


Today there were two setups. 

The first setup was off the open. The trade plan called for a test of 01 under 09. As ES tested into the bull bear from the open off of weak internals there was a short setup targeting 01.

The second setup was a long setup with internals lagging behind ES at the 01 level targeting vpoc. This trade idea was quickly stopped out dependent on your stop parameters. However with a lower balanced target of around 00 at the time and the internals this was a good trade setup in my eyes. 

So one 8 point short rotation to trade and one potential 2-3 point losing setup on the day. 

Happy Trading. 

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