A simple price action approach

I didn't trade ES today, so I scrolled my chart to the RTH open, drew a channel, checked the longer time frame for levels and decided there was a clean short setup. I do this with CL each morning before I start trading. Having a plan in advance makes the trade easier to manage, than simply reacting to price.

This is what I saw and how I would've looked to trade it:

 

Thanks for the chart!

 

Nodoji,
thanks again for the chart you posted earlier. After the open, later in the day after the open, that's where I was having problems with my trendlines being respected. Do you have any examples that you can show throughout the day?

 

Why is the lock for, in the lower left of the chart?

 

Jack, from ND's pa thread and Metal's contribution herein, do you understand this chart?

 

I've never been able to get the hang of trendlines or chart patterns. For whatever reason I'm not able to pick them out in real time.

The only one I have any success with is the triangle, like this one I noticed this past Wednesday.

 

Just for fun, here are some trendlines I marked off in hindsight.

These possible tl's could have been in play this past week.

Did any of you have these tl's on your charts?

 

Yes I do. I think my problem is this - I would have been trying to make the symmetrical channel lines like the ones metal posted in his first post in this thread on that first big move down - the one that ended at about 2:00pm on that chart. It looks like it would have worked for awhile but then ended at 1:30pm with a break to the downside that would have breached that channel line and finally ended at 2:00pm. (btw - I know that is an easy to read downtrend. But for the purpose of using trendlines and channels, that's what I'm asking about)
Then I would have tried again to do the same thing on the big move up that started just after 2:00pm after the higher low reversal/ double bottom. It would have been broken a couple times by a couple of small pullbacks before 2:30pm before finally holding.
I know eventually you have to adjust and make new trendlines and channels, I just want to try and make sure I'm looking at everything correctly and trying to connect the right swings at the right time.

thanks for the chart and the input!

(pic in next post below)

 

Here's what I was talking about in my previous post...

my lines are blue