ES Journal - 2017/2018

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

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  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
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  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
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