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tradenwaves's blog

Profile On Top Of Profile

Today's trading has been inside yesterdays value most of the time. A heads up in terms of trend strength.

Trading Down

Here is a quick glimpse at the position today. We are long QID and short the ES currently. The chart below shows our stop point on the ES short and too the right you can see from our market profile chart that I am targeting the top of yesterdays profile around 1053ish. So far its a good trade . Good enough that if it turns around on us I will not let it take a loss but at minimum a break even trade. The QID position I may hold longer . We will revisit that position during lunchtime.

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