Now swtiched to ER2 trading, shorted at the pivot 690.8 and stop at 691.50. Just a scalping trade, not a long-term. Long-term charts still indcate it still wants to go up.
Well, amazing, I'm trying to make no more than 6 trades in a day, I just couldn't sit here and do nothing. I like to do the quick one or two point scalpings. 230 tick chart indicates it has more room to go down. Anyway, first trade for me on ER2 today.
Could be a buy around 688.20 78% retracement. ALso, on 667 tick chart, the short-term MACDs are about to touch long-term MACDs, I doubt they would go across. So could be a long entry soon.
ES is extremely bearish. Its downtrend has not reversed for the whole day. Now could be another short opportunity.
Amazing, play the longer timeframe really works. I used 3 contracts and only played the long-trend twice, success ratio is 100%. These two trades were based on 550 tick chart. I've several other trades based on 210 and 667 timeframe. I'll post them too.
These two trades were made based on 667 tick chart. Again, with 3 contracts. The net result is about the same.