Daytrading breakouts in the ES

[sulong]

Quote from dbphoenix:

Once the price is hit, it only takes a second to execute.

Maybe I was not clear,what I mean is that when I believe I have enough price info to make a decision,and then go to make my order,before I get all my stop limit,attach a stop loss ect. just the way I want it, I look up and the price done took off.It seems this all happens within 60 sec.or so. When I review my chart,I see that I had 4-6 min. to do this.So some how I'm letting some bars go by that I dont need to.(this happens often)
With my question I was trying to get an idea of how much price information other traders needed to feel comfortable to transmit their order.Maybe this info. will help me zero in a little better on my entry?
sulong


Being gun-shy is an issue only with the transmission.

 

[dbphoenix]

You have at least five minutes to set up your order. If you don't know where to enter, you'll have to provide chart examples.

 

[sulong]

Warning,this is a 3min. chart.maybe I need to take it somewhere else?I think the idea is the same.
1. marks the line in the sand.
11. marks the h/h, h/l.The bar that followed this(inside bar)showed no intent to go up.At the close of inside bar, enter and send order for short.
111.Too late, price is gone

sulong

 

[dbphoenix]

I'm afraid I still don't understand. As soon as you have a higher high/higher low, you know what price you're going to be entering at, in this case, 15. So go ahead and transmit the stop-limit entry. Why wait?

 

[sulong]

Quote from dbphoenix:



. As soon as you have a higher high/higher low, you know what price you're going to be entering at, ]


Ahh,this is where my hang up is.I've been waiting for the following bar to confirm the ret. was done.
So now I'll adjust my self to just confirm the higher/hi low and act.
Dose the bar that makes the H/hi low need to close first?
oh wait ,of course it dose,otherwise I wouldnt know about the higher low.Any way thank you
sulong