ES Journal - 2015

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.
How long have you been trading this way?
 
How long have you been trading this way?
I don't use targets, but have just noticed over the past 15 yrs or so that regardless of the value of the total index, this seems to be appropriate. NQ is 5 pts stop with a 17.5 target
 
stopped -5
I applaud your posting of a call with the stop and it being a losing trade. That is what I am trying to demonstrate to readers and participants right now. --That it's ok to post trades and be wrong. At least it hasn't been lost on you. Thank you for your transparency.
 
It is nice when former students call to tell me they had monster days like today. And no, I no longer train, takes up to two years and don't want to spend that kind of time any more. People who think they can just read a couple books and they know everything has that favorite saying all the time "I am so close". I had that saying for seven years long ago, LOL. Enclosed, I have this automated, but on weekends have to plug in days/times for next weeks reporting times for many markets as I will day trade any market that has some report coming out.
Someone PMed recently asking why now am I showing my charts at this time, I hit monetary goals and going in totally new direction with options, much longer timeframe, and many on this site won't do back testing to make sure signals do as they do.
 

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