Coming back from the long Labor Day weekend I was expecting to see some additional movement in the market given how slow the summer's price action has behaved but the open fizzled out and resumed a choppy 17 point range at pre-market.
The market structure at the open was subdued and only chopped around between 4501 and 4520.
I took a 2nd entry short around 11:30AM CST that was somewhat stacked but market looked like it was going lower according to my shortened channel/trendline. I was early on this and upon review this was actually just the later leg of a 1st Entry Short (1ES).
I was stopped out at my max loss of $137.50 postioning my SL 1 tick above my signal bar.
My second trade was a 2nd Entry Long (for real this time!) going into the market close. Key entry point, upward channel, signal bar above the 21EMA.... this constituted a high probablity set-up per price action rules:
I gave the trade room to breath but price action was painfully slow today. After a few 2k tick bars elapsing I began trailing my stop and locked in a 1.5 point profit ($75) off-setting my earlier loss by over 50%. I decided to call it a day at this point before I got lulled into overtrading.
While I ended the day at a minor net loss of $68.50 I think this was a good trading day. I broke several old bad behaviors (forcing trades, overtrading etc) and stuck to my rules of only taking trades at key entry points.
Final performance stats below: