This update is covering the MDA Snap Shot trade that took place in the E-mini S&P today 12/17/15. These trade notifications were sent out via email to my subscribers of the newsletter. If you would like to follow along with this service please sign up for FREE. If you are a client and would like to be notified of these trades or levels please contact me directly and we can discuss that service. If you are not a client of Daniels Trading I encourage you to follow along to the newsletter and contact me about how you can participate in my MDA Snap Shots and Market Action Alerts. Please view the Market Dimensions Advisory blog archive to see this trade and others to better understand what my approach.
- Sold ES @ 2065.00
- Exit ES @ 2039.00 (+26.00pts or $1300*)
- Sold ES @ 2057.00
- Exit ES @ 2039.00 (+18.00pts or $900*)
P/L both positions:
- +44.00pts or $2200*
Trade Entry: 12/17/15
This alert was sent out via email highlighting the 2 technical sell zones I liked. With the Fed announcement yesterday, and the bullish move higher, I was looking for a quick sell off and emotional exits from soft longs. I also included this update on the MDA Blog.
ES 30 min Chart:
Mid Trade Update #1: 12/17/15
This update was sent out via email to notify subscribers that the first entry was filled and that we were approaching the second sell zone. I also wanted to indicate a potential target level based on the high volume area and pricing we saw last session. From a short term stand point I was thinking price would move that direction and we could see that level hold short term. Overall this trade was a counter-trend trade and needed an exit objective that could be met with-in the session.
ES 30 min Chart:
Mid Trade Update #2
This update was sent out to inform traders we were filled on the 2nd position and we had momentum in our favor. I wanted to re-iterate the positions as well highlight the target area on the trade.
ES 30 min Chart:
Trade Exit/Recap: 12/17/15 (Updated chart at the time of this blog)
I sent out an MDA Snap Shot email indicating to exit this position at 2039.00. I needed to get this out quickly as a potential bounce could appear so sent an email with the text to exit. As you can see prices traded through my volume target zone and filled the 2039.00 level and quickly retraced back up. However, if those limit orders were not filled price did trend back down to fill the 2039.00 exits.
ES 30 min Chart:
Look for more of these MDA Snap Shot updates in the future as well as my longer term seasonal ideas in the Market Action Alerts. You can review all of my emailed alerts with-in the Market Dimensions Advisory blog archives. You will see we were able to catch this ES bullish move up and on this recent sell off.
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