ES Journal - 2021/2022

Spooz Top 2 said:
There were a few things going on there... the more indicators that you can string together... the stronger the conviction & better odds of trade going your way.
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Darn, I knew there must be more going on. The rise up was of course extremely fast and these things always retrace, but I'm not sure if that had anything to do with the entry since a retracement wouldn't give you such a low target as a retracement might only be 50% of the up move anyway.

Can I ask this then? How often do you skip an entry that sets up simply because of a 50% level or a simple trendline on a 30 min or hourly chart? Would you say you take less than half of them or maybe even just a quarter?
 
what happened there was a double confirm.... TL kiss from under alligning with 50%... that`s when you go all in! I find tremendous value in TL`s & could make a comfortable living off those alone!

As far as taking trade at 50%.... it all depends on time of day, that`s huge, as well as Bar set up confirm... employ as many indicator confirms as you can...

I really should`ve sold Much Much larger there at 18.50... especially on position account... I`d just woken up, blurry eyed & working on first cup of coffee... that was an ALL In set up on both accounts.... An absolute Gift!
 
Volatile market = GOOD profits

11 trades today with ZEROOOOOOO loser...

This concludes another good week :D

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Spooz Top 2 said:
what happened there was a double confirm.... TL kiss from under alligning with 50%... that`s when you go all in! I find tremendous value in TL`s & could make a comfortable living off those alone!

As far as taking trade at 50%.... it all depends on time of day, that`s huge, as well as Bar set up confirm... employ as many indicator confirms as you can...

I really should`ve sold Much Much larger there at 18.50... especially on position account... I`d just woken up, blurry eyed & working on first cup of coffee... that was an ALL In set up on both accounts.... An absolute Gift!
More...
Excellent, thanks. But since I'm not seeing it, can you point out exactly which trendline you're talking about?

I too notice how powerful moves can be when multiple things align. I personally love VWAP, and when this aligns with something else, the move can be very powerful.
 
NoahA said:
Excellent, thanks. But since I'm not seeing it, can you point out exactly which trendline you're talking about?

I too notice how powerful moves can be when multiple things align. I personally love VWAP, and when this aligns with something else, the move can be very powerful.
More...

Probably this, the moving averages and the trend lines combined help loads.

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