Daytrading ES

Discussion in 'Index Futures' started by cvds16, Dec 5, 2022.

  1. MACD

    MACD

    So, it appears that your "edge" is your reliance on Candle Stick patterns on a 15 min chart. OK and your Stop and Profit Target on the trade is ?
     
    #11     Dec 5, 2022
  2. cvds16

    cvds16

    no fixed profit target untill the market forces me to reverse ... stop at high/low of the latest setup
     
    #12     Dec 5, 2022
  3. cvds16

    cvds16

    and not only 15M setups, but also 30M and even hourly setups or if that happens to be the case 2H setups ...
     
    #13     Dec 5, 2022
    Rams Fan likes this.
  4. MACD

    MACD

    Discretionary Stops and targets. OK
    Then you are not applying what you studied in Trading in the Zone.
    No problem -- I am just trying to understand your need for Discipline -- And perhaps I am interfering with your live trading. Good Luck and stay Profitable...
     
    #14     Dec 5, 2022
    SunTrader likes this.
  5. MACD

    MACD

    You just had a substantial Winning Trade. Congrats.
     
    #15     Dec 5, 2022
  6. cvds16

    cvds16

    And I reversed it because of 2H oversold to the longside. Thanks.
     
    #16     Dec 5, 2022
  7. cvds16

    cvds16

    Back to short on 30M engulfer to the downside
     
    #17     Dec 5, 2022
  8. You are trading one of the absolute most liquid thoroughy analyzed to pieces instruments in the world.

    It always amazes me that want to be traders do not understand that if you want to find small cracks of inefficiency you have to look at instruments, time, and strategies that do not attract much attention.
     
    #18     Dec 5, 2022
    MACD and wrbtrader like this.
  9. wrbtrader

    wrbtrader

    Agree. Further, Emini ES futures is not a suitable trading instrument for beginner traders nor for traders with discipline trading problems.

    A few other things too that I don't have time to mention considering it's probably the most marketed trading instrument for brokers to use to attract clients, especially with the low margins/leverages.

    wrbtrader
     
    #19     Dec 5, 2022
    beginner66 likes this.
  10. Rams Fan

    Rams Fan

    I'm surprised you got a like for that post. Sounds like you're knocking on the OP. Am I reading you right?
     
    #20     Dec 5, 2022