The ER2 Trading Journal

ES 210 tick chart (now 1282.25). Short-term MACDs rising, long-term MACDs stalling. Wait until short-term MACDs becoming red to go short. Let it riding up some.

 

550 tick chart:

 

667 tick chart:


I would look at the price less often, focus on the indicator ONLY. The best time to go short is when the short-term MACDs cross below the long-term MACDs - it happened right at the open. I've not pulled any triggers because of conflict signals - 210 tick (short-term) wants to go up. Long-term MACDs still favor to go short, have to wait until short-term MACDs exhausted.

 

Short-term MACD is exhausting - 1282, going short, with stop at 1283

 

210 tick chart:

 

Reversed the trade to long 1282.50.

 

MACDs higher low, price no change. Price will adjust. Also MACDs refuse to go below 0 line.

 

ES is not trending, just trading in a range. 1281 to 1283 with the bias to the downside on long-term chart. It doesn't look like to make major moves either way in the short time period. Scalp this range for now.

 

ER2 chart doesn't give clear signals. Long-term indicators indcate it shall go up, but short-term indicators are going down and has resistence, again, it doesn't want to move up or down big either way in the short-term. Trading in this narrow range.

 

ER2 210 tick chart, it wants to go up in both the long-term and the short-term indicators but very weak, trading around the 0 line.