ES Journal Archive (2006 - 2008)

not certain--nearly all of his recent posts were in this thread and that was his last post in any thread. Either he is leaving this thread or ET--don't know. I hope he's back, I enjoyed the discussions.

 

Position would have been stopped at 1318.25--may or may not have had slippage. Usually not in ES on stops. Of course the end of that bar was a buy signal at 1318.25--although when the bar is well outside the upper BB, it may or may not be a good area to buy.

 

Stop will be 1316.75

 

Switching now to the shorter 3 minute chart to look for area of profit taking.

 

Addng a ninth positional short here at 1323.50

 

Taking profits at 1323.25

 

Short at 1322.50 stop at 1325.75 off of the 3 minute chart

 

Another 15 min WRB trade here and reversal via Inverted Dark Hammer Pattern on 3 min chart. Attached is 15 min chart, if someone needs to see 3 minute chart reversal signal, please let me know.

 

are you speaking of the red candle here?

 

So far was TA based heaven. I've done 2 trades, one with 2 point stop and reversal trade with 1.5 point stop. 6.5% return on capital.

The IDHP is the red candle following the last consecutive up bar on 3 min chart.