Mr. Market provided us with an opportunity to short the E-Mini S&P using a ‘camouflage’ pattern on the one-minute bar chart. Although time ran out before we could profitably exit the third of four contracts initially sold, at the end of the hour the trade was just two ticks from a ‘D’ downside target worth $360 in theoretical gains. In addition, we would still be short a single contract with a chance to let our profits run. There is some detailed psychologizing in this lesson, since the futures took their sweet old time doing what we’d expected them to do.
