Tough First Day

Well the first day was a hard day. Straight trend directional days are hard to trade. They just grind higher but do so without any real momentum. All the time games are being played at the high of the day to fade it lower. I think all of us have experience with this. Every new pop higher is always fighting people fading the moves and the pressure of having to make new daily highs every swing. Because of that I only got a couple trades that got to their targets today. I kept buying this thing all the way up and was rewarded along the way with a barrage of pars and a couple losses in the ES.

The trades went like this in the ES: +2, -1.25, -1, +0, +.25, +0. The NQ went: +2, +0, +0. Overall there were 9 trades, 2 real losers, and 7 pars or winners (78% win rate). I like those odds. I also like that the winners were bigger than the losers and the losers on average were pretty tiny. I think this is all good stuff.

I had a rough pattern to trade today (professional gap fill and go grind) and more losses than profit trades and I still ended walking out with more than I walked in with. Not a massive start, but a solid one that I think proves the validity of the approach.

Here's a couple of the trades that went. You'll note that a lot of the par trades were working, they just weren't getting to profit, and some of the losses were low ticks out of positions that did work overall. Just par for the course. I'll be back tomorrow for more!





Trade Results:

ES: +0.00
NQ: +40.00