ES Journal - 2013

[wiesman02]

Quote from NoDoji:

My method is for intraday scalping, by the way; I wouldn't be looking to take a swing short position right here in the middle of a potential range.

I scalp the ES and on certain days when possible, I try to hold through most of the day on trend days. I don't, nor will I ever trade off 1 min charts. But I do look at them from time to time. 3 min and 5 min are my entry charts but I look at most other higher TF charts. Every TF chart has its benefits and provides clues. Your idea of looking at 1 min chart after a market opening dump might provide me with more of a heads up of one of these zero pullback down trends.

 

[ammo]

es

 

[NoDoji]

Quote from wiesman02:

I scalp the ES and on certain days when possible, I try to hold through most of the day on trend days. I don't, nor will I ever trade off 1 min charts. But I do look at them from time to time. 3 min and 5 min are my entry charts but I look at most other higher TF charts. Every TF chart has its benefits and provides clues. Your idea of looking at 1 min chart after a market opening dump might provide me with more of a heads up of one of these zero pullback down trends.

For optimal R:R entries in a strong trending move, I haven't found anything better than the 1-min pullback method. Beats watching the whole thing run without you

Also, many day traders use these small pb's to add to their winners instead of in-and-out scalping.

 

[ammo]

trend

 

[gmst]

Quote from ammo:

trend

Thanks ammo

 

[ammo]

Quote from ammo:
avg 06.5 ,99 bid for a reduce
reduce 1800,25

reduce 88.5

 

[volente_00]

Quote from ammo:

could be right vol,just remember that a contrarians nemisis is a trend day

Old contrarians never die

They simply fade away




R20 is 1788 squeeze area

 

[volente_00]

Quote from wiesman02:

I scalp the ES and on certain days when possible, I try to hold through most of the day on trend days. I don't, nor will I ever trade off 1 min charts. But I do look at them from time to time. 3 min and 5 min are my entry charts but I look at most other higher TF charts. Every TF chart has its benefits and provides clues. Your idea of looking at 1 min chart after a market opening dump might provide me with more of a heads up of one of these zero pullback down trends.

Sometimes the best position is sitting on your hands

This is a demon that even veteran traders sometime struggle with




When in doubt stay the f$ck out

 

[ammo]

Quote from volente_00:

Old contrarians never die

They simply fade away




R20 is 1788 squeeze area

we've (contrarians)all done it,the soothing white lie is "i'm just early"

 

[tiddlywinks]

Just an observation.

1) Tomorrow, 12/12/13 is rollover.
2) Based on RTH charts, ES and TF have filled and YM and NQ are in process, near completion, of filling recent open "new high" level gaps.
3) Sizable downside gaps remain at SIGNIFICANTLY lower levels, IMO likely to remain open, unless...