ES Journal - 2015
- Thread starter Buy1Sell2
- Start date
For me, being below the open, I only see longs...
85-87.50 I have as a support zone. Don't care what the market does from here to end of day. I'm more interested to see where we open tomorrow (above or below that area). That will determine what the big money does IMo
Thank you for posting the chart. Two quick question.
Are your entries primarily bar turns in 1 min? The support and resistance line you marked there, are they from 5 mins chart plotted on 1 min?
Thank you in advance for your response.
I actually have memorized like breathing eight different signals. The chart I put up here only has 3 signals I use. So in normal 75 minutes, I have been known to do some 25 trades going on. I just trade manually on one minute timeframe on ES and usually trade Crude Oil also when I have time but start Crude at 4am my time and 7:30am for ES using one minute charts but not all same signals cause Crude not known to be choppy like ES. So S/R lines are from one minute chart as I don't think using another timeframe helps me any. I am scalping for 1-16 ticks and ave down on each price level up to eight levels. So my signals are geared to adding more contracts and ave up to 55% of the trades will net one tick on original entry and clean up on the added levels. I have many more options by leveling down as if I see price won't get to plus one tick, liquidating at lessor price, I can still be profitable. But when I do lose, it is heavy amount, but when you have tested much, for me, this works very well.
big drop this morning! Was out of the house, but I don't see any entries that would have caught the move anyway, so no problem.
