Currently cash needs to drop below 2064 before a short trade would present itself on the 1. As you can see so far, the 1 the 5 and the 15 have not...
My thought is that profits could be taken here if you are an active day trader and are long. You can always get back in later today.
No short trade has been created yet on the 1. Cash would need to drop below 2064 to create a short on the 1.
Quick reminder. It's ok to be wrong. Learn to be wrong and be ok with it. Always use stops that lose no more than 2% of TLNW. This is the true...
Need to be always looking at charts in bigger context. With the 15 having a sell signal here, one could look at the 1 and 5 for short trades with...
Sell signal here on the 15 minute chart. It does not agree with the 60 or the 240, but does of course agree with daily.
Yes I agree. You must think for yourself.
f your initial profit target is where you have the best expectancy of maturity, then the whole position should be exited there and not gambled on...
But wouldn't that breakeven stop need to be outside the noise? --Not just once there is a level of profit?
Schaefer, can you indicate here where proper stop loss placement would be? Thanks
All one can do is attempt catch the overall direction of future moves, not the size. Predictions are summarily dismissed with extreme prejudice.
You began here with some good thought processes. Where you have gone awry is in the desire to have your winning percentage be high. Much too much...
Using a simple RSI/Bollinger Band/MACD analysis on the weekly chart, it was very easy to see that the market had reversed well in advance of the...
Short 2039.00 basis June . Initial stop is 2076.00
Journal is open for all wishing to discuss ES or to place trades. This is the people's ES Journal. Looking forward to future discussions and trades.
Will look at going short this evening with a stop at 2076.00. I will post when/if I do later this evening.
I do take losses.
Yes--markets are always trending on some time framer
The point is not about whether or not to use indicators. It is however twofold. 1. All the extra work and study that is going in to learning this...
Trends were never gone. The market is always trending on some time frame.
Separate names with a comma.