Here is a five minute chart of today's e-mini day session. As I explained in my last post I expected to see the 1015 level by the close, so I reestablished my long position. The market failed to rally and instead broke below the low it made on the way up from this morning's low (blue dash line). This was not bullish action so I got out of my longs.
If this morning's break was indeed a shakeout with bullish implications I thought the market would hold the red dash line delineating yesterday afternoon's low point. It did so and when it rallied back above the blue dash line the whole excursion below that blue line looked like a second shake out, this time with me as the shakee. So I repurchased half of my position - one unit. If the drop below the blue dash line was indeed a second shakeout I thought the market would not go back below that blue dash line. When it did I got out of my single long unit.
Net result for the day is a small, 5 point loss on 5 units traded. Not very good, but I was trying to be long on what I expected to be an up day. By doing so I was abiding by my principle of always trying to be long when I am bullish.