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

This morning's trade

I didnt post the entry and exit of my earlier trade. It was a long on a limit order at 1179.75, stoploss one tick below the low of the PIN bar at 1178. Take profit was 4 ticks at 1180.75 which was hit quite quickly. An alternative target would have been the next resistance at 1183.50 but I didnt want to wait for hours on this trade.
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