ES Journal - 2015

The point is that it's always better to have all 3 time frames agree with each other--then you have the wind at your back. Without that, most of the time it will be difficult to obtain the larger gains that you need to keep your money management plan in line and your profits exceeding your losses (including commissions). There will be those who have difficulty trading due to taking the signals without regarding the larger time frames. I really think the trades should be looked at in 3 views. --Ishmael.
 
ss 4357.5
stop at 4365.5

NQ traders do you know where Friday's high was, and where price is relative to that high? IMO, that can be pretty relevant information. If today's high is the top of a range, then Friday's high, imo, is a candidate for the lower limit of a range. I'd at least want to know where that level is and be watching if/when price trades near there there, i.e. 41.75 +/- 2 or 3points June.
 
NQ traders do you know where Friday's high was, and where price is relative to that high? IMO, that can be pretty relevant information. If today's high is the top of a range, then Friday's high, imo, is a candidate for the lower limit of a range. I'd at least want to know where that level is and be watching if/when price trades near there there, i.e. 41.75 +/- 2 or 3points June.
which contract?
 
Back
Top