travis18haney

MES 2 Month Uptrend Looking For Next Higher Low Pullback

CME_MINI:MES1!   Micro E-mini S&P 500 Index Futures
Market structure is in an uptrend. I am looking for the next higher low pullback. To where, I don't know. I will continue to buy low at the bottom of the channel and sell at the high of the channel. Not short, just exit long positions at the top. I expect June to be a bullish closing month followed by July, August to be Range Bound for the crash down to 2200.
Trade closed: target reached:
Went long for a range buy low after a capitulation blow off used a 2.25RR target.

Trade closed: target reached:
Left 15 points on table after doing 2.25R all or nothing, I set my trade and walked away. 7 micro ES contracts at $35 a point. 12.75 points was $ 446.25 today. I am trying a new idea of increasing my targets by 3 ticks to pay for the commissions and lowering my stop loss by 2 ticks to pay for the commissions. Instead of 12 points target I used 12.75 points. Instead of 6 point stop loss I used 5.5 points.

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