The day started with a bullish doji, and we had a big overnight gap. When bar 2 printed a big bull breakout bar, I took a chance on a long to fill the gap. The trade did not take off and we had some news coming out, so I took it off at BE. Price turned on a dime and reversed down.

When we had three consecutive bear bars on bar 8 I entered short. I took 1 contract off at +15 pts. We got a pullback so I was eager to get out of the trade, so I took the 2nd contract off at +15 pts. too when we got back down.

Price formed a double bottom on bar 18. Bar 18 is often a reversal bar, and I thought the bears had slowed down and that we could at least get to the EMA, so I took the trade. I had to survive a pullback back down, but I got +10 pts. on two contracts.

Bar 22 formed a huge bull breakout bar, and when we got follow-through on bar 23 I entered long again. I entered with three contracts since I was expecting a major trend reversal. I got my first target at +10 pts. We started to stall a bit so I took another contract off at +10 pts. too. I was planning to leave the last one for a runner, but when we got another pullback I took it off at +8 pts. I did not want to give anything back.

Bar 28 got rejected strongly at the EMA, so I took a chance to buy again for a scalp. It was risky to enter before the bar closed, but bulls should get another leg up after four strong bull bars. I took 1 off at +12.75 pts. at the RTH open, and the second at +10 pts. when it started to stall.

When bar 35 was printing, I looked at this as a bear trap and I entered engulfing. I took both contracts off at +15 pts. just before the previous day low.

Bar 43 was a LH MTR but a weak bar, so when the bears printed three consecutive bear bars below the EMA on bars 44, 45, and 46 I entered short, betting on a reversal. Price struggled to break below bars 28 and 35, so I put my stop at BE. I still believed we could reverse down, but I had to step away from the screen for a bit and could not stay in a trade I had to manage.

When I got back I saw that my initial short on the LH MTR would have worked nicely, but that’s life—there will be missed trades. And I was well up for the day.

We got a nice bull breakout bar on bar 57 and I entered long. I was expecting a 2nd leg up after five consecutive bull bars, but price printed a doji and then a big bear bar on bar 60, so I exited the trade for a small loss of -8.25 pts. on two contracts, so a total of -16.50 pts.

Price pulled back below the EMA. Bar 61 had a big lower wick showing weakness of the bears, and when it printed three dojis on bars 63, 64, and 65, then a bull bar on bar 66 and a great-looking bull bar on bar 67, I entered long again—still expecting a 2nd leg up. I got +10 pts. on the trade, but bar 69 was a big bear bar so bulls looked to be trapped now.

So when bar 70 was a strong bear bar breaking below the EMA I entered short as a bear trap. I took +10 pts. on two contracts and +15 pts. on the last one. It was getting late in the day.