ES Journal - 2017/2018

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I draw long term lines on resistances and support levels using the Price Alert feature of Ninja Trader. I use this for just an intraday possible trade setup. While I was not able to short 2764 yet, I do have a limit order to get short there if we get back up to that price before trading ends for the day.

So I see that market is not able to get above this line that I previously set a price alert for on a previous day.

Buy1Sell2 said:
I don't see the 2764 area as significant. What leads you to that number?
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I was able to get long on CL during a pullback and my target was hit before my stop today. I trade more during the night and wake up late during the day or I would have been also able to short ES.

oraclewizard77 said:
I draw long term lines on resistances and support levels using the Price Alert feature of Ninja Trader. I use this for just an intraday possible trade setup. While I was not able to short 2764 yet, I do have a limit order to get short there if we get back up to that price before trading ends for the day.

So I see that market is not able to get above this line that I previously set a price alert for on a previous day.
More...
 
oraclewizard77 said:
I draw long term lines on resistances and support levels using the Price Alert feature of Ninja Trader. I use this for just an intraday possible trade setup. While I was not able to short 2764 yet, I do have a limit order to get short there if we get back up to that price before trading ends for the day.

So I see that market is not able to get above this line that I previously set a price alert for on a previous day.
More...
Thanks, looks like we may be talking different time frames. I don't see an obvious reason to be short long term.
 
For ES 2747 is my support level line. If we get back down there I would be looking for a trade long.

However, I don't just place trades at these levels, I need to see price action. So for example if price hits this level I would get an alert. So then I look. If price just blasts right through the level I would not trade it. Also, right now I am removing my limit short order and will just see what happens if the alert is triggered.
 
Handle123 said:
Anyone use or have tried using $Tick? I been attempting to use on/off for past 20 months, ever time I think I am onto something unique, bad news bears. But past few days I am thinking I am doing something wrong or doing something right in using it by forming delays then waiting for a novel divergence based on combination of $tick and ES. I have tried variations of using Cash S&P500 and taking signal off the cash to trade the ES when they digress 2 ticks, but they are fleeting.

As a side note, anyone have made systems based on different symbols to trade ES? I have applied T-Notes and my own 30 stocks of S&P to give it a different approach to take signals in ES. T-Notes when they are moving normally is opposite of the Indexes, so when they going down, Indexes should be going up, but bottom line is always risk management, one of the bright areas you can control most of the time and fewest areas is profit.
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Yes on $TICK, check some of my postings from the early 2000s and Yes on using different symbols to trade the ES.

I am not sure this is as simple as it used to be but you have the resources to take advantage of it. http://indexarb.com/index.html
 
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