I've set up this blog to post some of my analysis and trades. I trade the E Mini S&P futures contract based on price action, mainly PIN bars, along with support and resistance, fib retracements and divergence. I will be posting important support and resistance levels each day including some levels based on market profile.

I will also post trades that I made trading off the 5 minute chart on the ES (e mini S&P) and occasionally trades off the 1 hour timeframe although they occur less frequently.

Thursday 1 April 2010

High of the day?

Unless there's a major retracement it looks like our successful trade was actually the high of the day. This was a very strong level and really jumped out at you when you looked at the 4 hour charts. My rules call for me to either get of the trade with 4 ticks or hold to the next support level, which I did in this case, however price has kept moving lower.
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