Profunds index and sector trading

[WinLoseOrDraw]

learned a very painful lesson last night: tight stops are a good idea if you're going to screw around with futures AH. scalped about 4 ES points just screwing around waiting for a sauce to thicken, ended up going to bed long one last batch near the AH high...

and woke up to a coronary, lol.

i would have been seriously hurt except the 60min charts printed beautiful hanging men on the first bar and when i see one of those on an uptrend i get the heck out. the next 30 minutes confirmed the corpse-ish nature of the morning so i went short and covered at 879.50, figuring with all the time we've spent hovering around 880 in the past few weeks it was a logical place for the market to take a breather.

i have 15min pointing down, 60min pointing down, and dailies right on the edge. a red day tomorrow sets the trend to down.

going out flat, and if mcneely spreads particularly pleasant-smelling manure i will short a morning gap.