This is a decent place to try a short. Even though ES is quite bullish still we are under the 2.5 ATR so following my rules this is a short. Keep your stop at the 2 or 1.5 ATR. I’m taking a half position. If it runs then I will add to the trade
Entry 3551 SL 3572
Trade active
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Took partial profit at 3523. Now I will let the rest ride until stopped out. Or will add to position if bearish trend continues and I find a good entry point. SL 3566
Trade closed: target reached
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Sold remaking position at 3544. Essentially a scalp trade with a cute little profit.
@rmdavido, I don’t use TP. I am in a trade until stopped out. I will trail my stop Usually at 1.5- 2ATR if it moves in my direction. Initial stop Is 2-2.5 ATR