20220303
Short 3 MES 4404.75, 4404.75, 4404.75,+5.0, +5.0, +5.0,
Short 3 MNQ 14284.25, 14284.25, 14284.25, +46.25, +46.25, +46.25,
Total MES +15.0
Total MNQ +138.75
Following on the heels of a 3 Bar at the ORB breakout model for the Nasdaq the other day, comes this ORB Pennant play for the S&P today. And this one had the unusual characteristic of being a 4th Inside Bar pattern. You can read about our Opening Range Breakout plays in the book Pivots, Patterns and Intraday Swing Trades, available online.
It's not the usual thing for me lately to take the first two trades without a stop-out or two in the 1st Frame, but today was just one of those days. ...and so "I like my profits better" became the whisper thought as the 1st Frame came to a close after a few other trade signals became evident.