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.

Tuesday 6 April 2010

Short trade



Following on from the post about current divergence a 15 minute PIN setup occurred a few minutes back, I went short at 1183.75, stoploss was 1184.50. I only took 2 ticks from this trade as I'm still being cautious with FOMC coming up soon, I should have held for 4 but decided not to. First screenshot shows the divergence on the 5 minute, second shows the PIN on the 15 minute. There was also divergence on the 15 minute chart but not very obvious, however if you zoomed out you will see it.
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