The hourly chart can be added in as well but nothing higher than that.In this case it does not suggest downside. Doesn't mean it won't be there,...
The 1 minute chart currently deeply oversold while the 5 and 15 are down. The 5 and 15 are not completely oversold yet. So if looking for a short...
Brian, suggestion--make certain that the 1 min, 5 min and the 15 min are all suggesting downside before taking a short trade. This way you will...
--03/15/15 Sun Afterhours PM. Short 2039.00 basis June . Initial stop is 2076.00 --03/16/15 Mon Afterhours PM. Price is 2065.00 . Will maintain...
Three important rules of the ES Journal are worth mentioning again here: 1) Personal attacks are not allowed 2) Foul language is not permitted...
You are ignoring content by this member. Someone told me he was using a 40 point ES stop on a day trade. Now I ask you: How could that be...
You are ignoring content by this member. You shorted the ES at 39 with a stop at 76. You're already 27pts in the hole. This is prudent use of...
Current Journal Tally 172 trades 94 wins 78 losses 54.65% Total net profit after commissions $75,329.78
The drawing of the lines is arbitrary. The drawing of the lines is in the eye of the beholder. The angles of the lines can be whatever the trader...
I enjoyed putting on the demonstration today of the thought process that leads to filtering out the short signals from being taken with abandon in...
Prudent use of capital is essential to successful trading. It is the only true edge in trading. When I trade, I calculate my stop based upon a...
Market must trend in order for trader to make money. I will not address this again. This is idiotic to deny that trends exist. Only a fool would...
The point is that it's always better to have all 3 time frames agree with each other--then you have the wind at your back. Without that, most of...
Wanted to show everyone how I think. Hope you enjoyed it.
The 5 min chart has created a short signal here. However, it doesn't agree with 1 or the 15. Thus, caution and prudent money management are key....
Now cash would need to fall below 2070 to create a short signal on the 1. That's just under the recent long entry I mentioned.
Long signal created on the 1 now. In agreement with the 5 and the 15 as the 15 was negated. However. we're in deeply overbought territory on...
Second short signal now created on the 1.----The 5 and 15 are not in agreement with the 1. The individual would exercise caution.
price action during the last 2 minutes has created a short signal on the 1. ----The 5 and 15 together are not in agreement. If taking the short, a...
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