thank you for advice ,Nodoji. I will take note and learn from each trade. Always room for improvement!
Hi, Soonhwei! switched a while ago... get a bit used to the risk in ES now... Singapore, I would love to visit on my next trip to Asia!
Hi Matcha, Your first trade was a great one! I took 2 trades this morning at around your trade #1. I entered at the H1 setup a bit earlier and held through till H2. I got out for +0.25 pt instead of holding on to it. Then I re-entered again at the next pullback but again I did not hold on to the trade. Net +0.50 pts for the 2 LONG trades. It shows the "power of 2", you entered the LONG at a better timing (H2) than I did and I got "spooked" out. For some reason, I have been too cautious with my winning trades especially for the last few days.... --po
2 trades. -0.75pt Weekly: PnL: 5pts ; $198 Avg trades per day: 2 winrate: 36% Largest winner: 2.75pt Largest Loser: -1Pt Have a good weekend! Remeber: #1 mission is still cutting marginable trades
Hi Matcha, Congrats to another week of very solid performance! The largest winner:loser ratio was very impressive. Excellent defensive play. I didn't do well today. 3 "marginal" trades, -3.00pts. I need to stay out of narrow range trading and exercise tighter stops just like the way you handled your exits for losing trades. Have a nice weekend! --po
Wow, Matcha, the speed with which you're mastering the ES is amazing! I've no idea what happened to RN, but I will quote him for you: "Keep on keepin' on!"
Hi Matcha What do your abbreviations stand for? I assume L2 means lower low and H2 is higher high. But what is BT? EMA gap? By the way, I got caught on that first short trade too. Though I entered it a bit later, around 8:20 on your chart. Looked like the first lower high after an uptrend, especially since price was rejected on its attempt to exceed the prior days high just after the open, but was not to be. This is an interesting journal because the way I trade isn't that far off from what you're doing.
"Keep on Keepin' on". Thanks, Nodoji. So far, I found ES reacted better on "bar expression", such as: strong or weak signal bars, tick failure, trap etcs. Most of the setup often offers at least 1pt scalp.
L2 means- 2nd attempt to go down. the 2 leg move BT is the breakout test EMA gap means the price dipped below the EMA first time of the day and formed a small distance away from EMA. They are all from Al brooks book