ES Journal - 2017/2018

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renko76 said:
Range charts are so superior to time based charts it is laughable.
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I wish I could have arrived at the same conclusion, but after trialing various activity based charts (range, tick, volume) on multiple occasions and really wanting to make them work, I keep getting back to time charts.

Sure, I can see the value in range charts and similar, but superior value? I haven't yet found it, but I keep an open mind still...

Would you mind sharing a bit more? Typically, what settings would you use for day trading the ES? Do you use candles or just boxes?

Thanks in advance.

PS: One of the things I like about time based charts is their consistency from day to day.
 
renko76 said:
do not try to catch the exact apex/ nadirs late can be great...….although with years of staring at them forming u can begin to anticipate them but make them what they are...….swing his and swing los……late can be great….8:30 to 10:30 is primetime all American eminis…...cst……...if u do not believe that watch the size of bars increase dramatically at market open...…..never fail ur system before 9 oclock……...trend is friend....apex nadirs are zero starting points of new leg/trend/run...…...run has 3 legs...….normally....let apex nadir bar set if u wish...….everytime anytime.....very few "traders" here know what the nadir is...did u hear the rush to the iphones…….....very few people can trade well the eminis intraday...…….
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I am not trying to catch the exact top / bottom of the rotation but more trying to get in on the first test of said top / bottom. Some of the trades may appear like I am calling tops or bottoms but I am looking left for reference. I admit yesterday's trade was off a time frame too short which makes it lower probability for a proper bounce so I took half my usual position and cut quick when was wrong. It works better on higher time frames where sufficient momentum has been built to give the good bounce / drop.
 
Taking a long in the over night here, NQ from 7390. Targeting 7441 ish.

Also put a global close position on my platform to cut all my trades if a certain loss is hit so I dont fuck up like on the CL trade on Wednesday.
 
range creates walls...….go with 12 tick range....range does things time cannot do...…...candles have one wick.....candles all same size.....time ginormous bar followed by teeny one...but yes, huge number of options, I prefer orderliness, clarity, dependability, and knowing several things...times u know nothing but what time it is......but, again, each psyche is unique so there is an option better suited for one than another.
 
note the 6 oclock nq...…80 sell …...5 oclock .....buy was 67 buy….top of screen or bottom? result? double shaven head says much....nadir then .apex no brainer even before born...marubozu.apex ..yes, after the fact...always easy afterward….but eventually with same system every single time and one signal only allowed, with no t hinking allowed no news allowed ...price is money …...not lines....lines lag... we do better in the sweet by and by.....years go by, we learn..the candle tips are giving u the future..must go now and watch the only news allowed on my screen...the good guys...won't start it so have a great day of trading. all of us.... comment will be intraday stuff ….2 hrs primetime is my focus starts at market open....make it in the morning lose it in the afternoon....for most..overnight is okay for a few...….but I like the 8 hrs sleep....brother up at 2 for the dax ….he is a true genius, engineering....but dax eats his lunch...
 
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