ES Journal - 2016

[Buy1Sell2]

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.

Most traders lose money due to poor risk management.

 

[Buy1Sell2]

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.

Really is no choice unless that trader with 5K account has 50K TLNW. If the trader has 5K and less than 50k TLNW, then the choice is not to to trade. You must have 50k TLNW in order to prudently trade 1 ES contract.

 

[der_kommissar]

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.

Makes sense...as the volatility ramps up the 1-min chart probably has as much, if not more range, than the 10-15 min chart had just a year or so ago...When volatility dies down, one can go back to the longer tf's...look at todays range 45+ pts in ES.

 

[Buy1Sell2]

Makes sense...as the volatility ramps up the 1-min chart probably has as much, if not more range, than the 10-15 min chart had just a year or so ago...When volatility dies down, one can go back to the longer tf's...look at todays range 45+ pts in ES.

The 15 minute chart netted 35 points today and the 1 minute netted 39 points from the long signal. Here's the issue---most traders would not hold the 1 minute chart that long.

 

[romik]

The 15 minute chart netted 35 points today and the 1 minute netted 39 points from the long signal. Here's the issue---most traders would not hold the 1 minute chart that long.

That's so true, myself included. When I trade 1 minute patterns I am out at the first sign of a reversal. But when I trade longer time frames I can hold position for longer periods and not worry so much about resistance levels on route to a more weighted resistance zone. Again, average retail trader simply can not hang about as he is under capitalised for trading index futures.

 

[Buy1Sell2]

That's so true, myself included. When I trade 1 minute patterns I am out at the first sign of a reversal. But when I trade longer time frames I can hold position for longer periods and not worry so much about resistance levels on route to a more weighted resistance zone. Again, average retail trader simply can not hang about as he is under capitalised for trading index futures.

thus there is a trade-off. ie higher margins the lower the time frame.

 

[Buy1Sell2]

Or you place your stop on the 15 min chart and take your entry signal on the 1.

 

[Buy1Sell2]

Either way, if using stops on the 15 , your margin use must be less than if stops are placed upon the 1.

 

[Builder17]

The 15 minute chart netted 35 points today and the 1 minute netted 39 points from the long signal. Here's the issue---most traders would not hold the 1 minute chart that long.

Guilty. Good insight.

 

[Buy1Sell2]

From the chatroom-- I am long ES from 1926.50 with a stop at 1915.00