First morning trade was opened on: 1) XLB (the strongest sector) & NQ trending to post lower lows plus 2) internals were in favor ($tick: 3t<-800 vs 2t>+600). But ES failed to post ll and ER w/ NQ strongly break above 50 EMA. It was time to fix.
But soon I decided to reshort: internals were staying bearish plus ES unlike NQ w/ ER didn't post higher high. Soon have to fix, cause internals started to improve sharply as well as ES peers. In fact, the reasons of both entry's were very weak. But from bad to worse.
Closer to the session finish I again opened short position because: 1) XLF was posting fresh session low and 2) internals were unchangingly bearish. ES did slide for a while, but have failed to post new session low on what I was betting on. Soon ES pitched VWAP and it became obvious it would be soon broken to the upside. Fixed. To tell the truth, the reason of the trade open was even more controversial. But the last session trade entry reason was just offensive.
Less then 10 minutes before session close entered short on the reason that ES peers in the name of ER and NQ did posted lower lows. Trade inevitably entered afterhours trading when I soon have fixed it.
All at all, it was one of the worst sessions, in term of loss, back to 1st february 10', when the fund have stared. Even more, it have pared all the profit I manage to make during previous four sessions of the past 11th 2010 week w/ the summarized loss of near 6 percent. Btw, in term of ES points P/L, the result for the past week is plus 0.5pts. So, if i have managed to work only w/ single size trade, I would make profit.
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