ES Journal - 2019/2020

[tenny1886]

signal started @74.50 if price reverses above 74.50 then it is not valid.

 

[tenny1886]

either 66.00 or new low, in MHO but too near to the close so will watch.

 

[maximumpossiblesuffering]

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.

The significance of a wide range bar depends on context, such as if it is in direction of trend, counter to the underlying trend, age of trend, time of day, and bar period.

 

[tenny1886]

The significance of a wide range bar depends on context, such as if it is in direction of trend, counter to the underlying trend, age of trend, time of day, and bar period.

yes i am trying to apply the wide bar exit logic to my trading and it does seem doable and much robust exit strategy when i look at it now. i think it will be very useful for me atleast as an exit strategy that wont be random PA moves.

 

[tenny1886]

please do not stop the market @66.00 it will be a big limbo for me.

 

[tenny1886]

please do not stop the market @66.00 it will be a big limbo for me.

damn now will have to check PA again.

 

[mm2mm]

fucking crude...

 

[FXtrader8911]

The significance of a wide range bar depends on context, such as if it is in direction of trend, counter to the underlying trend, age of trend, time of day, and bar period.

No wonder TA players are strung-out like violing strings and so often get it wrong. Follow the fundamentals friends, less deals but also less stress and biger pay-outs. Fundamentals always win over the sentiment of the moment.

 

[maximumpossiblesuffering]

No wonder TA players are strung-out like violing strings and so often get it wrong. Follow the fundamentals friends, less deals but also less stress and biger pay-outs. Fundamentals always win over the sentiment of the moment.

There is no one size fits all strategy. We live in a world of different time frames. We live in a world where many things are subjective. We live in a world where everyone sees things differently. In the final analysis though, the stock market uses liquidity to fuel its price advances. Whether additional liquidity comes from the Fed or bullish sentiment, the result is similar. If additional liquidity comes in mainly because of a rise in prices, so be it. If investor’s don’t have alternative liquid investments that have a reasonable rate of return, they may keep their money invested despite weakening fundamentals, for example. Sound familiar?

 

[syswizard]

Many shitty trades today.....whipsaw-maximus. Still many opportunities.