ES Journal - 2017/2018

Discussion in 'Journals' started by Buy1Sell2, Dec 23, 2016.

  1. EsKiller

    EsKiller

    Swing wise, we needed to push down to about 2055ish before going flat for me to have liked this open...... Scalping wise, I like at least 6 tick range bars off open to be getting the volatility I need to get in and out or else I am making between 1-3 ticks each trade which is risky business on a Friday with no news unless u quit while u are up
     
    #1441     Mar 31, 2017
    JefeTrader and Buy1Sell2 like this.
  2. Buy1Sell2

    Buy1Sell2

    To take it to a little larger context. We are just 2 points below yesterday's closing on both ES and Cash. We have time to rally and close above that---perhaps even take out the high of yesterday at 4 points now from here.
     
    #1442     Mar 31, 2017
  3. Buy1Sell2

    Buy1Sell2

    The difference between what we are doing is that I don't trade the 1 minute chart. I might look at it from time to time but I much prefer higher time frames.
     
    #1443     Mar 31, 2017
  4. Buy1Sell2

    Buy1Sell2

    My view is that the longer the time frame, the less opportunity I'll have to make a bad trade. I can see context better on large frames and so If I am looking to make a trade on an hourly chart, I am looking also at daily and weekly for overall direction.
     
    #1444     Mar 31, 2017
    JefeTrader likes this.
  5. EsKiller

    EsKiller

    Depends how long you are holding a trade for. I trade off the 1 min and the hourly and look at nothing else. I scalp and I swing trade. I will hold more than a day if the trade calls for it.

    Today we are in a distributive phase according to my strategy and am shorting the 2364-2366 area and buying 2054-2058 until the market shows me I am incorrect.
     
    #1445     Mar 31, 2017
    Buy1Sell2 likes this.
  6. Buy1Sell2

    Buy1Sell2

    ok
     
    #1446     Mar 31, 2017
  7. Buy1Sell2

    Buy1Sell2

    And it was
     
    #1447     Mar 31, 2017
  8. Buy1Sell2

    Buy1Sell2

    The hourly just completed suggests that we will try to move higher today.
     
    #1448     Mar 31, 2017
  9. Buy1Sell2

    Buy1Sell2

    2 points away from yesterday's high again as we push again to try and take it out.
     
    #1449     Mar 31, 2017
  10. Buy1Sell2

    Buy1Sell2

    Still long here with the same stop. I may move the stop to 2335 area soon. Not ready yet though. Pricing on ES is currently 2364.75
     
    #1450     Mar 31, 2017