Friday, November 22, 2013

Another New High 11-22-13

As many predicted based on yesterday's price action ES reached a new high and closed at 1801.5. It was another no 3 points pull back day. I planed several orders but no fills until I raised my entry to 1750 from 1735 after cash closing.

I am experimenting ZS puts to add it to my trading line. I had ZW, ZC orders but no fills either today. ZB can make sudden large move based on past actions so get be careful. It was a profitable but small week on ES selling. I waited for the price come to me but often than not I didn't get any fills day after day. It put quite emotional drain on my psychological capital. It's not easy to wait to get paid. It's required for long term success.

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