Strictly price action.. I have 9 different strategies that I use for the es..Three of them are compressed into 1 strategy so overall I have 7 strategies I use.. Why so much? Because the market doesn't act the same everyday.. My job everyday is to identify which strategy to use.. The market is either trending or in a range.. But the problem is the market doesn't trend the same all the time and it doesn't create the same range all the time.. This is where my 7 strategies comes into play.. I watch the 280, 60, 15 min and 144 tick.. I mainly look at the 15 and 60.. I don't scale out or scale in.. I want my equity curve as smooth as possible.. My profit target and stops are always the same.. But trending days I can go for bigger profits.. If you notice I only take one or two trades a day.. This is because I wait and let the market tell me what it's going to do.. Some days I take my first trade at 2pm or 3pm.. I'm not interested in catching bottoms or tops.. I'm not interested in buying low and selling high.. All I care about is identifying what the market is doing and trade accordingly..
Thanks for sharing. I'm sure others will appreciate your comments. I expected a much simpler methodology but it seems to work for you.
Took two trades and both was losers.. The last trade I took I wasn't to sure about it but hey I took it.. Tomorrow is another day. -500 for the day Signing out..
Sometimes I feel like what is the sense of having this thread and should I continue.. I started this journal to keep myself in check, so I guess I will continue on.. Anywho, the market was in a range today nothing special going on.. made one trade today and that's about it.. +200 for the day Signing out
Made a lot of mistakes this week and I learned a lot.. Nice strong down day and it kind of surprise me... Took two trades today but didn't get into profit.. -50 for the day -400 for the week Signing out
up down and back up.. That was the market today.. The market is actin crazy at these levels.. Only took two trades.. -50 for the day Signing out...
Damn I broke my rules today and I'm pretty mad.. this week is not looking to good already but I have to keep moving forward... -500 for the day
I only trade 3 days this week which put me in a bad spot.. But it is what it is... Took one trade today... +200 for the day -350 for the week Signing out...