Interesting charts clown on the 15 min. Sometimes it's easier to see things just taking a step back and looking at a bigger picture.
Clowns ES Daytrading Journal
- Thread starter ESclown
- Start date
Interesting charts clown on the 15 min. Sometimes it's easier to see things just taking a step back and looking at a bigger picture.
Your right my friend, i think sometimes you can pick some nice R:R entries looking at bigger charts, its just a case of fear that maybe this time it will breakout. Thats what tight stops are for i guess.
I always start from higher charts and narrow down to the 1min chart at the end of each day so i can pick nice zones for favourable entries.
For my daytrade account i use the zones as a guide and then use smaller time frames for confirmation.
My target was 55-56 on this one so exit early not really good trading. Was getting anxious on this one so decided to exit. Problem is that i can't scale and bank the gains so dont really want to give back whole 6 pts on my 1 contract.
Good day so far - lets try to push the boat out and get a monster day. If i give it back through good trading then i don't mind but if i give it back through bad trading and not sticking to the plan then someone should force me to quit
Net 11 points today so far.
Quote from ESclown:
My target was 55-56 on this one so exit early not really good trading. Was getting anxious on this one so decided to exit. Problem is that i can't scale and bank the gains so dont really want to give back whole 6 pts on my 1 contract.
Good day so far - lets try to push the boat out and get a monster day. If i give it back through good trading then i don't mind but if i give it back through bad trading and not sticking to the plan then someone should force me to quit
Net 11 points today so far.
Well there is the 55 target, that what happens when you don't stick to plan - missed out on potential 3 points which in long run is going to add up.
Only considering shorts until they can break 60-61. Then may start looking for longs.
Staying with the side with highest probability. Does that mean you can't make money with longs right now!NO - obviously their is unlimited potential on either side for any player in the market - problem is that for my trading system on days like this unitl major pivots or resistance lines are broken i will try to stick with the flow. (When i say pivots i don't use floor calculated pivots or anything like that - i simply refer to strong zone which price often will re-test multiple times in a day).
Right now 59-61 is strong zone which may offer difficulty of longs to get through.
On side-note notice how price is once again being dragged to yesterdays value.
Staying with the side with highest probability. Does that mean you can't make money with longs right now!NO - obviously their is unlimited potential on either side for any player in the market - problem is that for my trading system on days like this unitl major pivots or resistance lines are broken i will try to stick with the flow. (When i say pivots i don't use floor calculated pivots or anything like that - i simply refer to strong zone which price often will re-test multiple times in a day).
Right now 59-61 is strong zone which may offer difficulty of longs to get through.
On side-note notice how price is once again being dragged to yesterdays value.
What about shorting at 61.25... Fibo 50% retr today?