ES Journal - 2019/2020

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one question at Nqurious and Speedo, you guys are using pin bar, while i am using candle sticks even though for me the candle formation is not of any importance. Is there any merit in using pin bars, as most of the experienced traders seem to have a liking for pin bars?
 
tenny1886 said:
one question at Nqurious and Speedo, you guys are using pin bar, while i am using candle sticks even though for me the candle formation is not of any importance. Is there any merit in using pin bars, as most of the experienced traders seem to have a liking for pin bars?
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They have the same info and personally I find the candles a little "noisy".
 
speedo said:
It had minor div on the 13.5 at 90 R...legs may be tough here
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When I get an advantageous entry, and can get a +2 and + 3 ... I have no reason not to risk 4 ticks on the remaining runners. Mentally I trade in baskets of 10 so initial risk $500/unit and with the 4x2 points + 4x3 points = $1000/unit, so I risk $100/unit of closed profit to make another $1000 ... however I bought some more on that dip and I'm looking at 19 for some more profits ... currently 17.50
 
tenny1886 said:
one question at Nqurious and Speedo, you guys are using pin bar, while i am using candle sticks
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I'm agnostic and use OHLC (what you are callling "pin bars") and I use HLC bars and I use candles as well. I have a special situation going on today in that my regular day trading account is tied up with a swing position so I am trading another account, and I decided for fun to use @speedo's set ups to see how it would go for me. Using the indi's makes me want to keep other info low, so I am using OHLC ... when I am price action only on naked charts I flip back and forth between HLC and candles.

Go with what you are comfortable with ... not what you see others using.
 
NQurious said:
When I get an advantageous entry, and can get a +2 and + 3 ... I have no reason not to risk 4 ticks on the remaining runners. Mentally I trade in baskets of 10 so initial risk $500/unit and with the 4x2 points + 4x3 points = $1000/unit, so I risk $100/unit of closed profit to make another $1000 ... however I bought some more on that dip and I'm looking at 19 for some more profits ... currently 17.50
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I like your trade management. I usually wait for a second entry after a div but as you were already in and I had taken my target....
 
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