Quote from bighog:
Here is my "HOLY GRAIL", as a daytrader of the e-mini ES.
Do not be a master of everything, just be a master of one.
I use a 5 min chart of the ES. On that chart is a 9 or 10 period (bar) moving average combined with a 18 or 20 period moving average. Yep, i trade the faster crossing the slower. Along with the crossses i plot the days pivot points R1-R2-R3, the pivot point, S1-S2-S3.
Here's what you do, take the crosses and use the pivot lines as profit objectives and stop points. Really neat it is.
Here's what else is needed: "Honor thy self". Take your experience as a discretionary trader to know your own intuition when a setup occurs, pull the trigger as the signals from the "PLAN" (stated above as the moving average crosses and the lines from the days pivot points).
The experience from the past will tell you when the mkt is going sideways and crosses are to be avoided, but if the ranges are decent to your liking then you trade the distance between the lines.
In other words, your day is "PRE_PLANNED" for you before you even begin.
Now sit back and play the music of the mkt and have some fun. IT REALLY IS THAT EASY. YES, it will not happen overnight, but it will come.
PS, anyone know a website to "connect" trading partners together? I am thinking of teaching a partner to trade. 50/50 on all expenses and profits, should be fun. Thanks