I not read all these posts in awhile, so I don't know time of day or method you use. But if you are getting many breakeven trades, that is a sign of chop. Any market moves slow during 3.5 hours of lunch in Indexes, but even during "lunch" you can grab 2-4pts, by buying support/selling resistance, risking 4 ticks, best done on one minute charts. Every consider don't use stops? ES is one of the very best markets to trade chop with brief instances for sustained trend, so if you going to hang around trading it, you have 2pt targets, when you get to 4pts on the day, you stop for the day or cut back size 80%. Es is almost impossible for me to get the 5-10pts targets any more, just cost me way to much and then lose out on the consistency of the 2pts.
"gives false entry/exit signals" You have to learn price action better, there are so much good information by knowing where price is in within a average swing of ES and 10 day ave of day session range, where is price on 60 minute bar chart seeking trendlines. As price gets deeper into a swing, less chance for continuation of trend and most likely reversal.
Consider trading first 90 minutes tops of day session and thats it in ES, afternoon session, unless you are good at patterns of ES well, you will lose. Afternoon session repeats one of like seven patterns, study long enough you can identify. too often afternoon is out to hit stops of the day which makes for excellent reversals, watch volume as it will confirm reversals.
