ES Journal - 2015

[Buy1Sell2]

And now, the entry /exit chart, the 5 minute. There would be no reason to take a long here, unless the stop was 2117, or below 2105 based upon the 60 minute chart. Once the hourly reversal occurred as shown in chart number 1, you would have pulled the plug if you were using the below 2105 stop.

 

[jimmiebarton]

Here is our intermediate chart, the 15 minute. Way overbought and has not resolved itself with fresh upside momentum yet. Also has reversal brewing.
View attachment 153431

that chart is not overbought, if anything undersold

 

[romik]

L10.5, sl07

 

[jimmiebarton]

long 2111.50s2108

 

[Buy1Sell2]

Day trade long 2111.75 Initial stop 2106.00

 

[jimmiebarton]

long 2111.50s2108

exit 2112.25

 

[jimmiebarton]

short 2113 s2116.50

 

[jimmiebarton]

short 2113 s2116.50

exit 2112

 

[Buy1Sell2]

if you looked at the 1m chart you would see strong resistance at 2120, followed by lower lows and lower highs

I didn't need to see the 1 min though to know that all 3 frames did not agree. The entry chart wasn't even close to being a good entry candidate.

 

[jimmiebarton]

I didn't need to see the 1 min though to know that all 3 frames did not agree. The entry chart wasn't even close to being a good entry candidate.

you sound like real quant.

as the proprietary of a pretty good thread on this site