ES Journal - 2017/2018

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

  1. Buy1Sell2

    Buy1Sell2

    The action on the 12:13 bar
     
    #701     Feb 3, 2017
  2. algofy

    algofy

    What time zone please
     
    #702     Feb 3, 2017
    Buy1Sell2 likes this.
  3. Buy1Sell2

    Buy1Sell2

    Eastern
     
    #703     Feb 3, 2017
  4. Buy1Sell2

    Buy1Sell2

    Notice how during the uptrend, that signal last 35 minutes and just 3.75 points until buy signal at 12 48 bar
     
    #704     Feb 3, 2017
  5. Buy1Sell2

    Buy1Sell2

    The buy signal at 12 48 lasted 37 min until sell signal at 13 25. Range was 3.5 pts.
     
    #705     Feb 3, 2017
  6. Buy1Sell2

    Buy1Sell2

    The 1325 sell signal lasted 46 min until buy signal at 1411 bar. The sell signal was a range of 1.5 pts.
     
    Last edited: Feb 3, 2017
    #706     Feb 3, 2017
  7. Buy1Sell2

    Buy1Sell2

    The buy signal at 1411 bar lasted just 14 minutes until the 1425 bar sell signal. This range was 1.75 pts.
     
    #707     Feb 3, 2017
  8. Buy1Sell2

    Buy1Sell2

    The 1425 sell signal lasted 25 minutes until the buy signal that we are currently working at 1450 bar. The sell signal had a range of 1.25 pts
     
    #708     Feb 3, 2017
  9. Buy1Sell2

    Buy1Sell2

    What we can learn here is that if you look at longer frames like hourly and 4 hour you'll see an overbought condition on hourly and a push outside upper Bollinger Band on 4 hour. Both of these therefore need a bit of a pause in order for time to catch up. Thus you see the reduction of range between signals while the market rectifies the longer frames. Make no mistake though--Until proven otherwise, the buy signals have more potential to make bigger gains than the sell signals.
     
    #709     Feb 3, 2017
  10. Buy1Sell2

    Buy1Sell2

    1 min bar buy signal
     
    #710     Feb 3, 2017