ES Journal - 2019/2020

[speedo]

But there are apparently those on here who haven't even gotten to the point of having developed and tested such signals....for them, it's just gambling.

 

[NQurious]

So we got a high there in the first yellow circle, then we test it again today in the second yellow circle. I was expecting a sell off, but it looks like the white circle was the actual first test there which gave the sell off in the over night.

Yes, where you have that white circle is what I was talking about in this chart:

 

[jamesblacktrader]

But there are apparently those on here who haven't even gotten to the point of having developed and tested such signals....for them, it's just gambling.

I don't think it's lack of 'testing' as such.
There's people who have spent decades trying to find an 'edge' and testing all kinds of charts patterns and indicators etc and still lose consistently.

 

[glazier]

break of a trendline here on 5min
looking for a possible short if it drops a little more

 

[NQurious]

clear break of a trendline here on 5min

Post a pic or it didn't happen

 

[glazier]

SS 7724
Stop at 28

 

[glazier]

(thicker blue line)

 

[_eug_]

Yes, where you have that white circle is what I was talking about in this chart:

View attachment 201228

Thanks for sharing, I was under the impression that globex tests don't count

 

[speedo]

I don't think it's lack of 'testing' as such.
There's people who have spent decades trying to find an 'edge' and testing all kinds of charts patterns and indicators etc and still lose consistently.

Early on, I tried trading standard "chart patterns" but it wasn't until I spent considerable time simply watching price development that I began to understand the nature of price discovery and had something of value to design and test. Some may never do the work, some may be simply too undisciplined to adhere to the rules of the trade and end up blaming something else. Indicators as derivatives are not much use if you don't understand the underlying. For some, they are a short cut given that understanding, for others they are just unnecessary distractions....we are all different.

 

[NQurious]

Thanks for sharing, I was under the impression that globex tests don't count

I do not trade Globex, but if I were up and trading you can bet that would count. I tend to disregard globex is the RTH open is within the range of the prior RTH session. Also, I still take note of globex high and globex low.