MACD crossed down on 210 tick and MACDs were over 80%. This is one of the perfect short setup.
Now swtiched to ER2 trading, shorted at the pivot 690.8 and stop at 691.50. Just a scalping trade, not a long-term. Long-term charts still indcate...
ER2 210 tick chart, it wants to go up in both the long-term and the short-term indicators but very weak, trading around the 0 line.
ER2 chart doesn't give clear signals. Long-term indicators indcate it shall go up, but short-term indicators are going down and has resistence,...
ES is not trending, just trading in a range. 1281 to 1283 with the bias to the downside on long-term chart. It doesn't look like to make major...
MACDs higher low, price no change. Price will adjust. Also MACDs refuse to go below 0 line.
Reversed the trade to long 1282.50.
210 tick chart:
Short-term MACD is exhausting - 1282, going short, with stop at 1283
667 tick chart: I would look at the price less often, focus on the indicator ONLY. The best time to go short is when the short-term MACDs...
550 tick chart:
ES 210 tick chart (now 1282.25). Short-term MACDs rising, long-term MACDs stalling. Wait until short-term MACDs becoming red to go short. Let it...
Since ES chart gives me clear signals for the day, I would go play ES for the day. Short signals on all period at 1282. 667 tick down...
Ditto. I used it for a month and half, I must say it made me miserable in the past two weeks. I used to trade YM and now trade ER2 with the same...
Alright, after waited for 3 days, my fund is finally settled, now it is on the way back to IB. I hope I could start to trade either by tomorrow or...
ES on 550 tick chart (even more obvious)
And the ER2 chart:
Or switch to trade ES, I've been watching ES/ER2 charts and discuss it with my ES trading friend. I found ES is much easier to trade than ER2...
From what I found by observing the market for the past several days, this market is not good for quick scalping. It is good for making one or two...
I also told him how to use the fib retracements to play ES. The fib retracement/extension worked perfectly today on ES, it was topped at exactly...
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