Just a quick entry to show tonights actual trades based on the professional/amateur blog.

My first short entry was as price traded to the opening high at 5640.

Price did move my way but was only a small retracement.

There was not enough supply at this area and I was stopped out.

The greater supply area was 5650 and my next trade short proved successful.

I scaled out  (maybe a little too quickly) with 1 contract left for a test of the day lows.

Last exit was at the logical bounce area which was a retest of the lows at 5620

Initial short trade loss was around $500 US. Initial winning short trade was $2000.

Total profit was $1500 US.

The importance of the demand and supply areas can be seen on the chart.

Demand at 5620 area. Smaller supply which became a demand area at 5637.5 and the greater supply area from yesterday's high at 5650 area.

The other important thing for me was to execute the next trade at a potential supply area even after my initial trade was a loss.

This chart shows my x-trader entries and exits with the the side arrow showing short entries and the small line showing exits.

The large line shows where the positions were closed out.

Dax 3 min.jpg (96.16 kb)