1/30/2018

one long trade after one long hour

today i took only one trade on nasdaq 100. it was long, and i had to wait for it for almost one hour.

the session started in quite a fast tempo, and i expected to get a trade signal quickly. increased volatility should offer some signals to jump in, but it was not the case today.

the market auction was not readable and i could not find a low risk entry for oppening a trade.

finaly, i found this situation.
intraday orderflow trading e-mini futures indexes - sierra chart footprints

due to increased volatility i opened only half of my normal six-contracts position, prepared to compensate up to six in case the price will move against me to the level of stoploss while still holding the edge of the entry..

unfortunately, it did not happen, the price oscillated little bit back, but not enough to add to the position.

here is the exit
intraday orderflow trading e-mini futures - sierra chart footprint

i mean, this looks like a small trade in the picture of the whole intraday session, but it is +450 usd. with three contracts it is not bad.

the exit was executed according to fixed (but due to increased volatility expanded) trade management.

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