ES Journal - 2019/2020

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Yes he’s determined to hit it past the windmill into the lions mouth in 3.
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I learned to use halfway back and midpoints of swings, ranges, and such almost from the beginning as the guy who learned me how to do this stuff made them an important part of his trading plan.

I pretty much use S/R, PA, and the HWB and then found David Halsey's book Trading the Measured Move and that pretty much describes a trading system using 50% & 61.8% as pull back guides and the 23.65 AND 38.2% as profit targets. PA, S/R and fibs work very well together.

I've seen people scoff at the use of S/R and trendlines, yet I know they can be valuable parts of a trading plan.

A lot of people also scoff at indicators (MA's oscillators, etc.) and yet I've seen with my own eyes guys like @speedo us them to turn a chart into an ATM machine.

We all get cocky from time to time and think out way is the best way (or, God forbid, the only way).

Which is exactly why one should never criticize ones trading methodology... there are so many variables and components that go into ones
Methodology.... the common denominator is seeking low risk entry and accurate /positive exits in catching the meat of a move... Any indicator that assists a trader has great value!

Ones entry dictates the entire trade from start to finish... if it’s Stochs , Fibs, Tea Leaves and the tide of the ocean... press it for all its worth.. an edge is an edge and one can’t have enough of an edge in this game.... So to all rookies out there... save the critiques as your only seeing a small component of ones entire methodology makeup!
 
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