ES Journal - 2017/2018

[Buy1Sell2]

Now, let's look at the 4 hr Futures chart from that same free website. I enjoy comparing both Cash and Futures charts to see if we have some agreement.

 

[Buy1Sell2]

These certainly aren't guarantees of impending up-moves but they make it more likely than otherwise would be. It's all part of Prudent Risk Management. Reminder--the 4 hr chart is not a long term chart.

 

[Buy1Sell2]

If you'll look at the Cash chart, you'll notice a gap in prices between 1/29 and 1/30. I am a believer that all gaps get filled. The low on 1/29 was 2851.48. MY expectation would be that we will get there again.

 

[Buy1Sell2]

Here's the chart

I'm sure someone will say that that gap was filled before it occurred. --Let's wait and see. I stand by my statement.

 

[Buy1Sell2]

Listening to "Teacher" --Jethro Tull. Unscrewing the top of the Jack Daniels bottle and opening a bottle of Diet Coke. As you can imagine, I will talk to you much later.

 

[nickynoes]

Listening to "Teacher" --Jethro Tull. Unscrewing the top of the Jack Daniels bottle and opening a bottle of Diet Coke. As you can imagine, I will talk to you much later.

Enjoy and take it easy. All traders deserve to relax on the weekends

 

[SoesWasBetter]

I agree with this but the op contradicts himself regularly, in general he’s not a contra trader. Best of luck.

Not saying you're wrong, but guess what, so does the market.

 

[Zodiac4u]

Let's take a look at the 4 hr chart of Cash from a free website. I rely heavily on the 4 hr chart in my analysis, many times using it as my entry/exit chart.
View attachment 182481

Firm Close above the 200ma on the 30mn, We have the makings of a good up trend day.

 

[Buy1Sell2]

Firm Close above the 200ma on the 30mn, We have the makings of a good up trend day.

The only thing I would mention is that I normally prefer markets to open flat or down in order to have a good run during the day.

 

[Zodiac4u]

The only thing I would mention is that I normally prefer markets to open flat or down in order to have a good run during the day.

for me it doesn't really matter which way, since i use money management. But did notice their was a difference between simple and exponential settings on the 200. One had conviction but the other didn't.