11/02/10



At the early morning I have opened long trade on account of appropriate ES break above VWAP. Internals were not in my trade favor ($add:-600 w/ SP500 at only -0.25%) and it have played out. For couple of minutes, bears slashed down ES back below VWAP. Trade was fixed.

Soon entered short position based on the fact ES w/ NQ & ER didn’t manage to refresh session highs. At that time internals became mixed, neutral. Market was sloshing at a place, so right decision seemed to fix the trade on no move to the downside I called for.

Still, should admit, risk management system troubles again showed up. But in comparison with the past monday occasion now the fault, as you see, have materialized in heavy drawdown. I worked on the problem for the couple of hours right now and do think that will not repeat again.

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ES (S&P 500 E-mini futures) trading
by Meques Moscow Finacial