ES Journal - 2016

I view ES daily chart as likely to shed around 100PTS.

 

What if you wrong?

 

See how prices got well outside the 15 BB and were forced back in?

 

Better bet is to use full position when you trade and use a tight stop. Let it run when correct.

 

You can never be wrong going long!!

 

and the rally Fri easily seen when the 4 hr jumped way out of the lower BB.

 

I should point that with the daily trend still up, the jump outside the lower BB generally creates a stronger move to be caught. Like it did Fri.

 

So 4 hour jumps out of Lower BB when the daily is up and you can start looking t 1,5,15 for buy signals

 

It is essential to filter at least 2 and preferable 3 time frames when trading

 

If you don't, you are inviting doom.