ES Journal - 2017/2018

[Buy1Sell2]

What was the short signal on the one minute?

The action on the 12:13 bar

 

[algofy]

The action on the 12:13 bar

What time zone please

 

[Buy1Sell2]

Eastern

 

[Buy1Sell2]

Notice how during the uptrend, that signal last 35 minutes and just 3.75 points until buy signal at 12 48 bar

 

[Buy1Sell2]

The buy signal at 12 48 lasted 37 min until sell signal at 13 25. Range was 3.5 pts.

 

[Buy1Sell2]

The 1325 sell signal lasted 46 min until buy signal at 1411 bar. The sell signal was a range of 1.5 pts.

 

[Buy1Sell2]

The buy signal at 1411 bar lasted just 14 minutes until the 1425 bar sell signal. This range was 1.75 pts.

 

[Buy1Sell2]

The 1425 sell signal lasted 25 minutes until the buy signal that we are currently working at 1450 bar. The sell signal had a range of 1.25 pts

 

[Buy1Sell2]

What we can learn here is that if you look at longer frames like hourly and 4 hour you'll see an overbought condition on hourly and a push outside upper Bollinger Band on 4 hour. Both of these therefore need a bit of a pause in order for time to catch up. Thus you see the reduction of range between signals while the market rectifies the longer frames. Make no mistake though--Until proven otherwise, the buy signals have more potential to make bigger gains than the sell signals.

 

[Buy1Sell2]

1 min bar buy signal