ES Journal - 2015

Trend remains up on weekly and monthly, hell of a wedge on 4 hr, watch out



wedge.png
 
+13.5
-2
-1.5
-1.75
-2

+10
+8.75

-0.75
-3

+5
-3.25
-3

+9.75
-2.25
-2.5

+10
-1.5
-2.5

b/e
-2
-2.5
-2.5
-1.5
-1.5
-2.75
-3.25
-2
-4.75

+34.5


--------+42.75

wins: 7 losses: 21
win rate: 0.25
average win: 13.07
average loss: 2.32
Average reward is x5.63 the average risk
 
+13.5
-2
-1.5
-1.75
-2

+10
+8.75

-0.75
-3

+5
-3.25
-3

+9.75
-2.25
-2.5

+10
-1.5
-2.5

b/e
-2
-2.5
-2.5
-1.5
-1.5
-2.75
-3.25
-2
-4.75

+34.5


--------+42.75

wins: 7 losses: 21
win rate: 0.25
average win: 13.07
average loss: 2.32
Average reward is x5.63 the average risk
Nice work. A losing record, yet a profit ensues.
 
I am often asked how to get into runaway markets, chop what you normally use of EMA in half and go up in timeframe, this is 8, 9, 10
 

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I am often asked how to get into runaway markets, chop what you normally use of EMA in half and go up in timeframe, this is 8, 9, 10
That is basically a Bollinger Band standard deviation of 1 instead of 2 and is typically used by buying the touch of the top BB in the direction of the bigger trend and setting stops at the standard deviation of 1 on the opposite side of the trade. Well known system. Thanks for posting this.
 
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