Daytrading ES

MACD · Dec 5, 2022

cvds16 said:
I went short the 15M engulfer to the downside about 20M ago

So, it appears that your "edge" is your reliance on Candle Stick patterns on a 15 min chart. OK and your Stop and Profit Target on the trade is ?

cvds16 · Dec 5, 2022

no fixed profit target untill the market forces me to reverse ... stop at high/low of the latest setup

cvds16 · Dec 5, 2022

and not only 15M setups, but also 30M and even hourly setups or if that happens to be the case 2H setups ...

MACD · Dec 5, 2022

Discretionary Stops and targets. OK
Then you are not applying what you studied in Trading in the Zone.
No problem -- I am just trying to understand your need for Discipline -- And perhaps I am interfering with your live trading. Good Luck and stay Profitable...

MACD · Dec 5, 2022

You just had a substantial Winning Trade. Congrats.

cvds16 · Dec 5, 2022

And I reversed it because of 2H oversold to the longside. Thanks.

cvds16 · Dec 5, 2022

Back to short on 30M engulfer to the downside

Maverick2608 · Dec 5, 2022

You are trading one of the absolute most liquid thoroughy analyzed to pieces instruments in the world.

It always amazes me that want to be traders do not understand that if you want to find small cracks of inefficiency you have to look at instruments, time, and strategies that do not attract much attention.

wrbtrader · Dec 5, 2022

Maverick2608 said:
You are trading one of the absolute most liquid thoroughy analyzed to pieces instruments in the world.

It always amazes me that want to be traders do not understand that if you want to find small cracks of inefficiency you have to look at instruments, time, and strategies that do not attract much attention.

Agree. Further, Emini ES futures is not a suitable trading instrument for beginner traders nor for traders with discipline trading problems.

A few other things too that I don't have time to mention considering it's probably the most marketed trading instrument for brokers to use to attract clients, especially with the low margins/leverages.

wrbtrader

Rams Fan · Dec 5, 2022

Maverick2608 said:
You are trading one of the absolute most liquid thoroughy analyzed to pieces instruments in the world.

It always amazes me that want to be traders do not understand that if you want to find small cracks of inefficiency you have to look at instruments, time, and strategies that do not attract much attention.

I'm surprised you got a like for that post. Sounds like you're knocking on the OP. Am I reading you right?