ES Journal - 2019/2020

Status
Not open for further replies.
speedo said:
I usually wait for a second entry after a div
More...

So you saw the entry on the 15 and 45 but took the second entry on the 15 after the div on the 45?

Isaw the entry on the 45 and just reverted to my habit of watching for support/res building at a level and on the 15 that 13.75 was pretty clearly getting high demand hence the 14 limit buy
 
I Passed on the 15 10:58 as the 45 was diverging and the 13.5 looked likely to do the same. Never know which entry in the series is the last but the Div's speak to me....unless the trend is very powerful.
 
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?
More...

I think it depends what you're comfortable with
for me it's easier to buy the two marked bars lmt C, when I see a nice black body closing at support

it probably also depends on the time frame and chart type

2019-05-06_1703.png
 
tdeu said:
I think it depends what you're comfortable with
for me it's easier to buy the two marked bars lmt C, when I see a nice black body closing at support

it probably also depends on the time frame and chart type

2019-05-06_1703.png
More...
I am no longer into candle formation, for me the ideal signal is price movement at key levels and patterns it forms at those levels. I have a separate signal for patterns and since for me transitioning into longer plays is very important as scalping is not sustainable in long run atleast for me, due to upcoming travels. I am trying to limit trades to less than 10 a day and try and get some home runs. for me support, resistance ( strong ceiling and floor, minor tops and bottom takes precedence over all). combined with momo signal, top and bottom pattern signal and price movement along with key levels marked i am transitioning into longer term plays now.
 
tenny1886 said:
I am no longer into candle formation, for me the ideal signal is price movement at key levels and patterns it forms at those levels. I have a separate signal for patterns and since for me transitioning into longer plays is very important as scalping is not sustainable in long run atleast for me, due to upcoming travels. I am trying to limit trades to less than 10 a day and try and get some home runs. for me support, resistance ( strong ceiling and floor, minor tops and bottom takes precedence over all). combined with momo signal, top and bottom pattern signal and price movement along with key levels marked i am transitioning into longer term plays now.
More...

at least for the "ceiling and floor, minor tops and bottom" I'd keep that candle chart
 
tdeu said:
at least for the "ceiling and floor, minor tops and bottom" I'd keep that candle chart
More...
Yes i am comfortable with the trending candle sticks for now, mainly due to having them on my chart from the beginning. For bottoms and tops i rely on my signal. Anyways i am hoping for good results, as it will be low risk entries and will take trades only with very high probabilities. Looks like i have most of the setup i would need already, now to develop the discipline side of trading along with risk management especially eliminating drawdowns or keeping it to bare minimum.
 
Status
Not open for further replies.
Back
Top