Here’s one trade from the morning,again based on the 1 minute chart and the 5 and 15 period moving averages.Before the entry price dips below the averages and trades back up through both the 5 and 15 period ma’s,a sign of strength.I started in NEW at 43.89 as the two averages widen and form a small channel.I added at 44.00,notice the test of the 5 period average at that price,but no penetration.I then added again up further as price bounced off the 5 period average sending it up.One other point is that even as this is the 1 minute time frame the entries were above the 15 minute opening range high.My average price ended up being 44.08 and I took a small amount off at 44.35,some at 44.45 and finally all at 44.50,for a nice gain.I was able to scalp a few other trades in NEW later on and it did eventually trade up to 45.00 and above.Options expirations anyone?

This next chart is a 1 minute shot of ICE.The first arrow was a short at 67.75 for a quick move down to 67.41,which was a nice gain.I then re-entered at the next arrow for another short at 67.57,only to get jigged out at 67.58,and 67.60.Notice the price never touched the 15 period moving average(dark blue line),that was a bit frustrating as the stock shot downward after my exit.I did catch some other opportunities in ICE which added to a great day,but I wanted to post that missed trade to make a point about also using the 15 period ema as a stop out.A little more room on that one and there was a nice ride down.Hope you all are having a great week,and don’t forget tommorrow is options expiration Friday,trade smart.