This, and there is confluence with a weekly level from back in August.
ES Journal - 2019/2020
- Thread starter Buy1Sell2
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This, and there is confluence with a weekly level from back in August.
lol ... amazing ... kind of makes me nervous to have that buy limit there ... 2900 ES and 7678 NQ are where I'll buy ... and bail quickly if need be.
NQ, may I ask you your chart setup? Which timeframe do you pick your levels from the most? Do you usually keep an ETH chart on or just look RTH when the pit session is open?
Will possibly never trade RTH in my life time
Oh so close...
For day trading the 5 minute interval is my main chart. Most everything I need to see is there. If I need to x-ray a bar for some reason I will drop to a tick chart ... 1500, 750, sometimes even a single tick chart. In those cases I am looking for a higher low or a double or triple test of a low within the data hidden by a 5 minute bar and vice versa.
I find closes of 5 minute candles to be important, so most of the time I watch a HLC bar - that lets me follow the tick as well as see where previous high and low closes have been that day. If not HLC then I like to use candles, but I pay no mind to traditional candlestick patterns or signals.
I have both a 24 hour chart and an RTH chart. By about 10:05 my attention is focused solely on the RTH chart, though I do note Globex highs and lows. If the market opens within the range of the previous day I will use the RTH from jump street. 24 hour chart I find useful during the first 30 minutes or so of a gap day.
Current NQ trade long 7697.50 first target is now close at 7703.75 ... Large chart is the 5 minute showing where I am long and the little inset of candles below are 500 tick chart bars or so. 5 minute is showing a potential long with a buy stop at 7304. If it triggers, I'll be selling half into those buy stops. If it doesn't get there, it only cost me $40/contract to find out. The folks buying 7704 (if it gets there) will have the same stop loss as I 7697.50, but their risk is $165/contract.
Target just filled, the rest are runners looking for +10, +15, +20 points ...
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