ES Journal - 2012
- Thread starter Buy1Sell2
- Start date
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Just a lucky call.fwiw, I am drawing trend line channels on 60 min charts to pick my spots to add and remove positions. i go to lower time frames for actual entries along with a few indicators to give me what I think is an edge.
seems to be working lately and has kept me from overtrading.
seems to be working lately and has kept me from overtrading.
i prefer to trade less on larger timeframes,s/r seems to hold better,the chop between supp res is where i would give it back,while we are sitting here with our limited info and little indicators trying to figure out the market they are sitting there with computers tallying up our electronic long short collective bias figuring us out and picking us off, at least at a larger s/r we have the bigger accts trading with us
Only one trade for me today.
per my usual rules, the TICK would have been lying to me. However, some of my research based off of TICK behavior relating to the open / close is paying off a bit. I traded the shape of the chart instead, realizing that because of the gap down, the TICK values can be skewed more to the downside (+600's will come late, -600's may touch even if the market is going to go up).
It worked this time, but that doesn't mean it will work every time. It's just food for thought at the moment, but something I'm continuing to work on.
per my usual rules, the TICK would have been lying to me. However, some of my research based off of TICK behavior relating to the open / close is paying off a bit. I traded the shape of the chart instead, realizing that because of the gap down, the TICK values can be skewed more to the downside (+600's will come late, -600's may touch even if the market is going to go up).
It worked this time, but that doesn't mean it will work every time. It's just food for thought at the moment, but something I'm continuing to work on.
Before I left office I Hung offer out at 0.5 and 3.
good points.
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