TICK Band trading #02 21-Nov-2006: ES Long trade closed

Pre-market was weak. Nothing was really exciting today. I was looking for opportunity to scalp ES. Another TICK Band setup was formed. After Intraday high was tested twice and failed to be cleared, I was looking for opportunity to get long and targeted at day high.

• Long above high of 7th bar
• Stop set at low of 7th bar
• Target at day high (high of 3rd and 4th bar)

Target hit with +1 ES point (1-R gain). I am looking for another opportunity again.