29/07/10



The short position's reasons of entry were:
1) bearish divergence on 5 minutes and minute charts, respectively;
2) there was faulty 'VWAP rule' execution hour before the trade open. Mean, there was no $tick session high, when ES have break out VWAP.

Take profit order was near 1095.50 - 2009's one VPOC, session's S1 and previous day lower low. But after yesterdays faulty take profit policy, I thought better small profit versus no profit at all. Time have showed I really had to wait.

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