ES Journal - 2017/2018

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wow looked like a nice day so far. No post, trades, charts today as we have power outage. tried to wait it out, but has taken 5 hours. generator up and running. will hopefully be here tomorrow.
 
If your entry/exit chart is the 5 minute chart, never look at the 1 min. --If your entry/exit chart is the 15 min chart, never look at the 5 min chart. --If your entry/exit chart is the weekly chart, never look at the daily.
 
It is not essential to look at extremely short term frames like the 1 and the 5 to day trade. You can see what they are doing when you look at longer frames. Looking at the 1 and the 5 will have you in too many trades and more likely, bad trades.
 
Buy1Sell2 said:
If your entry/exit chart is the 5 minute chart, never look at the 1 min. --If your entry/exit chart is the 15 min chart, never look at the 5 min chart. --If your entry/exit chart is the weekly chart, never look at the daily.
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It's all a matter of how often you want to enter a trade.
 
Buy1Sell2 said:
It is not essential to look at extremely short term frames like the 1 and the 5 to day trade. You can see what they are doing when you look at longer frames. Looking at the 1 and the 5 will have you in too many trades and more likely, bad trades.
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True. My better trades come from larger volume based charts. smaller volume can have you flip and reversing all over the place. trying to catch the runner.
 
Allen3 said:
True. My better trades come from larger volume based charts. smaller volume can have you flip and reversing all over the place. trying to catch the runner.
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In addition, it's real easy to forget or mistake context when looking at the small charts.
 
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