ES Journal - 2019/2020

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maximumpossiblesuffering said:
Using today as an example, I will consider consider sentiment as measured by correlated assets and relative performance of assets that are adjusted by risk attributes. I will use this information to help me decide how aggressive I want to be in entering a position. Most aggressive would be to enter either at the open or when a opening threshold is breached. Less aggressive would be to enter on a countertrend bar, or for this morning, a 5 minute up bar. My least aggressive entry would be to enter on a test of the open, waiting for a 2 bar consolidation, or a test of a resistance point. Again, how aggressive my entries are depends on my perception of current investor risk tolerance based on relative performance of correlated assets.

Edit: As a specific example, for today my signal was to short the lower opening threshold and to use the upper threshold for a 6 point stop. My initial exit would be either at a recent support or the close of a 5 minute wide range bar.
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Yes very sound strategy especially looking back at todays play. thanks
 
maximumpossiblesuffering said:
Using today as an example, I will consider consider sentiment as measured by correlated assets and relative performance of assets that are adjusted by risk attributes. I will use this information to help me decide how aggressive I want to be in entering a position. Most aggressive would be to enter either at the open or when a opening threshold is breached. Less aggressive would be to enter on a countertrend bar, or for this morning, a 5 minute up bar. My least aggressive entry would be to enter on a test of the open, waiting for a 2 bar consolidation, or a test of a resistance point. Again, how aggressive my entries are depends on my perception of current investor risk tolerance based on relative performance of correlated assets.

Edit: As a specific example, for today my signal was to short the lower opening threshold and to use the upper threshold for a 6 point stop. My initial exit would be either at a recent support or the close of a 5 minute wide range bar.
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so am i right in saying from what i understand close around 69.00 if you shorted from RTH open. ( wide range bar )
 
tenny1886 said:
so am i right in saying from what i understand close around 69.00 if you shorted from RTH open. ( wide range bar )
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I was still in bed after a long night studying and trading AH. I was mad when I got up because this setup is a classic to me. However, because I made money last night and today, I will not call myself out for dereliction of duty!
 
maximumpossiblesuffering said:
I was still in bed after a long night studying and trading AH. I was mad when I got up because this setup is a classic to me. However, because I made money last night and today, I will not call myself out for dereliction of duty!
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yes but the signal was pretty much clear for the short move, even the target down to 65.00 was quite clear if only i could have seen past my bias. I messed up in reading one of my patterns from over night, but thank you, i think i am getting the wide range bar exit strategy and i think it looks quite sound when i look back even the entry you explained is very logical, much better than my calculation method which has to be precise or FOMO sets in and than random entries happen. Stop placement also i think you can deduct when you check the range of the bars. But i think it will work only on trending days like today. Maybe there is a work around, but will have to figure it out.
 
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