ES Journal - 2015
- Thread starter Buy1Sell2
- Start date
This is something that has been said over 10 years on ET.
It is nice to keep score, thank you thank you.
Points, best times to make points is first 45 minutes, high volume usually push price in one direction enough.
I never recommend to anyone to start with day trading, you don't have enough money, save. Then do long term trading to start, you have to learn an incredible amount of Price structure-how price moves and why, you have to know it like breathing, and when you add indicators, you have to be a where that Price will make structure/patterns that change trend before indicators can catch up. Indicators are great, easier to identify from across the room or treadmill but you just have to know when price gives clues that "mood" is changing, I won't say price "often" says when end is near but I will say at least 50% of the time price does give some type of clues when reversal might be close. Profits are an outcome of NOT losing, concentrate on how not to take a loss but when there is no sign showing, do that the full lose, you simple don't know what the future will bring. And you bet'cha I was staring hard when market opened and kept hearing "order filled" as platform went long and price dropping, one of best trades of the month, you have to have tons of faith in your Trading Plan or you are bait.
I made colors for different signals and hash marks, I explained what signals were, you have questions, ask. I didn't put all my entries as would be too much for me to explain.
Starbuck time.
I made colors for different signals and hash marks, I explained what signals were, you have questions, ask. I didn't put all my entries as would be too much for me to explain.
Starbuck time.
Attachments
6 points is what I have postulated in the past for entries on the 1 min chart. Let's face it, most daytraders here are using the 1 min chart. I would suggest though, that 2 point stops with a 7 point target is probably best for intraday targeters.
Are you referring to a 6 profit target or 6 point wave movements?