Trade 1
02:40 - L GBL 115.70 stp 115.67 - 10-min pb10ema, 5-min bline sling
02:58 - Exit 115.67 -3 - stopped out
Note: This trade went negatively after entry and was never positive, which was a bad sign and therefore no need to hang in longer. Should have closed at/near b/e because good trades move favorably quickly without lingering too long in negative territory. Can always re-enter later if trade gives a signal or reverse if the other side gives the signal.
Idea! When price moves negatively after entry, check if an intraday range level S/R level is broken because if it did, chances are price will linger in the new range for a while. If it did break the price range of our entry, exit at/near b/e.
Trade 2
03:34 - S ESTX50 2750 stp 2753 - counter, at 30-min 50EMA res, pot'l 10-min cci div
03:40 - Exit 2748 +2 - no volume on pullback so trend should most probably resume
Note: As I have observed, winners move favorably right away. This one moved positively quickly but just could not follow through because it was going against a strong trend. Against a strong trend, I have to take quick profits!
My comment: Followed rule on countertrend trading!
Here's the chart for the missed trade. Need to work harder on pulling the trigger.
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