ES Journal - 2015

Buy1Sell2 said:
When you describe this, I assume that you are looking at the 1 min chart. Do you look at higher timeframes to make certain it all correlates?
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No :) because IMO minute/second charts have their own micro trends irrespective of trends on bigger time frames. Has to have a neckline break, that's the only requirement.

A good example is whenever price has a nice rapid run and there is h&s on 30sec chart, though trend is up it could well be a countertrend signal reversing entire upside move
 
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--will be short at 2090.75 on a sell stop with a target of 2081.50
--Stopped in. Initial buy stop is 2096.25
--Buy stop lowered to 2092.00
 
--will be short at 2090.75 on a sell stop with a target of 2081.50
--Stopped in. Initial buy stop is 2096.25
--Buy stop lowered to 2092.00
--Stop lowered to 2089.75 . Target lowered to 2078.50
 
--will be short at 2090.75 on a sell stop with a target of 2081.50
--Stopped in. Initial buy stop is 2096.25
--Buy stop lowered to 2092.00
--Stop lowered to 2089.75 . Target lowered to 2078.50
--Out at 2087.50 for 3 pt gain
 
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