Month: August 2014

es futuers day trading odds, buying the dip

esstatesestrades

 

Es futures stats were bullish. My goal was to buy the dip. Since the day before closed on the lows, I figured if the market will rally, it will do so fairly early (bull market behavior!). I entered on the first small spike down and exited on some spike action on the way up. I missed out on a huge run up, this is a problem I am trying to address on both a psychological as well as systematic space.

YM buy the dip statistical odds trade

ymstats ymtrade

 

Statistical odds for the YM futures were bullish with 60% chance of closing green. I waited for the market to drop a bit according to my intraday VSA rules and got long. I exited when I saw a large range spike, thinking the market would come back a little before moving forward. That was pretty dumb of me, but at least it’s a profit.