The day started with three overlapping bars. When the bulls managed to print a big bull breakout bar I entered long. My target was +5 pts. on the first contract and +35 pts. on the second one, just at the previous day high.

When we got a scary bear bar, I exited my 2nd contract at +10 pts. I really should have held since it did hit that target later in the day with not much of a pullback. But hindsight trading is the easiest trading 🙂

When we stalled at the 20 EMA on the 60M chart, we had hit the previous day high and also got close to the measured move of the first bull leg up. I tried to catch a reversal on bar 18, but bears were not showing much strength, so I exited at BE.

Price did make a really strong move down and even closed the ON gap. When price hit the RTH open and closed the gap, I took a chance on a LH MTR when we got a good-looking bull bar. I was too early and bulls were not as strong as I expected, so I took it off at BE.

Price stacked up quite a bit after this, but when we got a nice HL, possible MTR, I entered long again. I was expecting at least a test of the EMA. So I took off the first contract at +10 pts. When it printed a doji just at the 20 EMA I took off the 2nd contract too. It looked like two legs up to the EMA, so I was afraid we would get another test of the steep bear channel’s low—and that is what happened. It did try for a new test of the lows.
When I came back from my dinner break we got a nice bull bar forming a HL MTR, so I entered long.

It really stalled and we got a pretty big pullback, but I held, thinking the market was bullish enough to stay long after multiple Higher Lows and Higher Highs. Out of nowhere the market got extremely volatile and spiked up, filling all my orders and contracts. My first contract was filled for +5 pts., the second was filled at +10 pts., and the last was filled at +15 pts.

The market went totally crazy and moved more than +78 pts. in just 30 minutes. It even took out last week’s high, so not much more to do this day. It was too high to buy, and it was way too bullish to expect a reasonable reversal before the market would close.