Columbus 5 Day ES Intraday Trading Exploration

I actually have put together a trend trading methodology using the technical works I am using. I am telling they are just plain confusing at times when market consolidate then my brain gets frustrated and rigid which is not good for trading. I decided to put them in a box.

 

Sorry, I did not realize the question is addressed to spike.

 

thanks martys... but that helps clarify the point

 

Bought at 1179.75

 

If this one works, I am gonna try to ride this one.

 

Trend is identified on hourly charts.
Trading happens in multiple time frames.

long 1177.5 and short at 1182.75, still short.
Stop at entry.

 

I told you with my luck. Never can ride a trend. -.25 pt. Premise broke. There was 1 pt reaction for the trade.

 

Most trends have pullbacks, you seem to always enter
on a pullback and not a trendstart. You have to learn to
identify pullbacks in a trend.

 

Spike,

how much profit do you need before you put your stop to entry?

Thanks.

 

I made about 2 pt on my rubber band trade. This does not count. I just want to see if I can do it. 1173.25 -> 1175.00.
It is still going on according to my model but I just don't have the money to fund this type of strategy.