Here's exactly how I make short-term trades in this volatile market environment:
Watch the 5-minute case study above for:
- What a typical trade looks like as I aim to generate $1,000 from trading E-mini S&P 500 futures during the first 30 minutes of market action
- Exactly how I manage the trade starting with 2 contracts
- How I use the 3-minute chart and 15-second chart for entry and exit
See below for my Trading Journal Notes
This was based on my analysis presented in my latest Skinny on the Mini ES Futures report published to my S&P Edge Pro members Tue Oct 9, 2024 at 8:24 AM Eastern
My Trading Journal Notes:
Started prep at 9:05 am
9:20 – observing holding near upper resistance range, poss low risk sell near 5804.50 (midpoint 3 min price high and at 60-min olive green falling trendline)
9:25 – level to be ready to buy out, 5798.50 – 50% retrace plus overnight 3 min TL support
Low risk sell opp at 5804.50 if paired with bear div
9:27 – sold at 5804.50 – low risk opportunity at trendline resistance at midpoint 3 min Price High – filled quickly
9:28 – out first exit, lowered stop to 2 points max risk
9:29 – trailed stop to BR since at $200 paper profit and getting close to market open
After open trailing stop lower on 2 bar highis on 15 sec chart
9:33 – came one tick from trailing stop but didn’t trigger
9:33 – out on trailing stop
Total $445
One response to “Intraday Trading with Trendlines: Oct 9, 2024”
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Hi Hima,
I really enjoyed this short video of you managing a trade in real time..!
Even though I have traded a lot in the past I am looking forward to trading in the near future with your system. By the way I thought I was crazy using a very small time frame until I saw your post( sorry don't know when) using a 15 second chart with a 3 minute AND 60 minute guide. I was using a 3 minute at open and i was always too late in my entry, now I know why..!
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