ES Journal - 2016

[romik]

Possible. A move below 1865 will fully negate your analysis

'Will or could?' that is the question after all there is no definitive math for patterns.

 

[Buy1Sell2]

This is a bounce back inside the lower bollinger band--normal. Not ready to go long on a swing just yet.

 

[Buy1Sell2]

It is my belief after observing behavior on the board for the past 10 years, that most posters at ET are using the 1 minute chart to look for entries and exits and not looking at longer term charts at all.

 

[Builder17]

long 89.75
stop 85.75

out 06

 

[romik]

It is my belief after observing behavior on the board for the past 10 years, that most posters at ET are using the 1 minute chart to look for entries and exits and not looking at longer term charts at all.

What is the size of an average retail account?

 

[Buy1Sell2]

What is the size of an average retail account?

Well there would be some large ones so I don't really know. However< I would think that the majority of traders start with 5k

 

[romik]

Well there would be some large ones so I don't really know. However< I would think that the majority of traders start with 5k

So if it's 5k, then what IS the choice? Even if one wanted to trade daily levels he couldn't. 1 min chart oscillates in line with 5k account.

 

[romik]

10 daily SMA providing support, if we get a positive close on cash today I will go long again to hedge the short position.

 

[romik]

Hedge Long 1930.5

 

[Quest2016]

It is my belief after observing behavior on the board for the past 10 years, that most posters at ET are using the 1 minute chart to look for entries and exits and not looking at longer term charts at all.

If your observation is true, why then do most traders lose money? There's no other way to time the market without the 1 minute chart. Good traders could afford to ignore the 1 minute chart twenty years ago, but not in this time and age when a $4 range appears like a grain of salt on the daily or weekly chart.