Market Recovers From Earlier Losses

Review of last night's trades. The ES was able to recover form earlier losses to close unchanged. My trade during pre-market was keeping with PRICE movement, as there was no failure yet. The precaution I had to take was that the TREND chart was in Prime, and possibly turning down - giving me a warning for that LONG. The second LONG trade was aggressive as the TREND chart was clearly pointing down, so taking profit fast was critical. The third trade, a SHORT was clearly in line with PRICE movement, and again, had to take profit fast, as the TREND chart was in Prime territory, with a possible change in direction of PRICE. My take was correct, as PRICE started to find a bottom. However, my internet connection was disrupted (twice, in fact) and by the time I came online, I had missed the LONG (TREND chart had by then turned Up). My last trade, a Long resulted in +1.00pt. Before signing off, the LONG bias was still intact, and waking up this morning, my observation of PRICE going up to challenge 1393.75, resulted in a BREACH.

Important Observation. Looking at the PRICE action near the market close, there is a possibility of a 1st leg of a Bull Break on the TREND chart, as the last Prime is only at 1385.00. Have to keep an open mind of this possiblity happening. Am also keeping a close look at the Swing chart, shoould the TREND chart start to show signs of a top. Remember, we need 3 legs to confirm a Bull Break.

10:13pm LONG 1389.00. STOP 1388.00
10:18pm Will consider taking profit when the Trading chart hits Prime.
10:24pm Stopped. -1.00pt.
10:31pm Will be looking for a possible SHORT.
10:33pm 2 MATCHES in a row - Indecision.
10:41pm SHORT 1389.75. STOP 1390.75
10:46pm Moving STOP to 1390.25. PRICE must break 1387.50 for this SHORT to work
10:50pm Protecting this trade. Moving STOP to 1390.00
10:53pm Moving STOP to B.E.
10:58pm Out at B.E. PRICE is refusing to go down. May see a LONG trade coming
11:00pm Putting a BUY Stop at 1390.00
11:01pm LONG at 1390.00. STOP 1388.50
11:08pm Again, watching this trade very carefully. Has to clear 1390.75. If not, I'm out.
11:11pm Moving STOP to 1389.50. PRICE trying very hard to break-out.
11:14pm PRICE going back up to challenge last night's high at 1395.25. PRICE has not fail yet. But may take profit first.
11:18pm Out at 1391.25. +1.25pts.
11:26pm Another possible LONG setting up (PF).
11:31pm Nope, the PRICE Failure (PF) did not happen.
11:33pm Still looking for LONGS. No failure as yet. Higher highs & Higher lows. TREND chart still pointing up to challenge 1395.25
11:39pm LONG 1391.25. STOP 1390.50
11:44pm Stopped out. - 0.75pts. The MATCH at 1391.75 showed weakness. Will revert to SHORTS if a minor PPF of 1391.75 happens.
12:22am SHORT 1391.25 . STOP 1391.75. Very tight STOP.
12:34am Stopped. -0.50pts. Cannot take the lunch time PRICE movements. Quite a bit of fake-outs.
12:44am Trading chart is in PRIME now. One more SHORT before I call it a night.
12.45am SHORT 1391.50. STOP 1392.50
12.49am PRICE must clear 1389.75 for this SHORT.
01:05am Out at 1391.00 +0.50pts. Trade taking too slow to happen. Am also getting sleepy. Logging off...
01:14am One last word. PRICE is still not failing. Series of Oscillation higher highs & higher lows - except for the Match (1391.75) at 11:40pm and the lower low at 1389.75. PRICE still looking to challenge last night's high of 1395.25. BREACH or FAIL, it'll be known to me tomorrow morning.