Afternoon,

 Happy Friday 13th.  The Russell 2000 e-mini’s gaped up and traded down to the 56 EMA followed by a trader’s trick at 9:03 am CST with a long entry of 728.90. Here is the chart for trade 1.

Trade 1

Click on chart to enlarge.

Trade 2 was a IVB (inside vertical bar) at resistance. The short entry was at 9:09 am CST with a short entry of 729.40. The price moved down to the trend line and the stop was moved to break even. Trade broke even. Here is the chart for trade 2.

Trade 2

Click on chart to enlarge.

Trade 3 was an IVB at the 56 EMA right after the price reversed off the 56 EMA at the 61% fib area as measured from the TS pivot at Point 1 at 8:51 am CST to the TS pivot at point 2 at 9:30 am CST. The time was at 10:00 am CST with a long entry of 728.40. Here is the chart for trade 3.

Trade 3

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The market went into a choppy patch with 5 IVB’s with in a very short period of time. The last one occurred at an area of a double top. The short entry was at 10:30 with a short price of 729.50. Two bars later, another IVB formed. The exit from the short was at 10:36 am CST with and exit price of 729.90 for a loss of .40 points. The market continue to chop with a down side bias and another IVBformed at 11:36 am CST with a short entry of 729.00. This trade took place at a trend line resistance. The market came down hard and a trader’s trick set-up occurred at 11:48 am CST with a short entry of 727.20. The exit was right above the IVB at 11:54 am CST with an exit of 727.80 for a loss of .60 points. There was a trader’s trickthat occurred at 12:18 am CST but the trade was not taken because of the trend line resistance (mentioned before) right above the entry area. Here is the chart for trades 4, 5, and 6.

Trades 4, 5, and 6

Click on chart to enlarge.

As is my practice on Friday’s, I stopped trading at 1 pm CST. So for today, there were 6 valid set-ups with 3 winning trades, 1 break even trade and 2 losing trades for an net profit of $500. Today was a very choppy, hard to trade day with many IVB bars. IVB bars are bars of indecision and when they occur at a strong area of support/resistance can lead to good trades. With so many today, it was very difficulty to identify those areas.

Hope you have a great weekend.

Best regards,

Ron

This is not a solicitation to buy or sell. 
There is a risk in any investment.