Market was strong from the open, for early inter day trade long was a good option. (look at those green bars in the chart). I started to monitor the closing price at 9:00am for the following time frame 60 min, 30min, 15 min charts (i.e., if closing price was above or below 50% of its range). My decision was to enter/exit trades based on the 50% price rule.
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$ES_F 15 min chart |
Trade log: Long 2 contracts, BUY price 2066.00. Closed 1st contract at 2071.00 (+ 5 Points); Closed 2nd contract at 2075.25 (+9.25 Points).
Average +7.125 points.
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$ES_F Trade log Dec 4, 2015 |
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