The ER2 Trading Journal

[trade_4_living]

Now swtiched to ER2 trading, shorted at the pivot 690.8 and stop at 691.50. Just a scalping trade, not a long-term. Long-term charts still indcate it still wants to go up.

 

[trade_4_living]

MACD crossed down on 210 tick and MACDs were over 80%. This is one of the perfect short setup.

 

[trade_4_living]

Covering around 38-50% retracement 689.20-689.60

 

[trade_4_living]

38-50% retracements:

 

[trade_4_living]

Well, amazing, I'm trying to make no more than 6 trades in a day, I just couldn't sit here and do nothing. I like to do the quick one or two point scalpings.

230 tick chart indicates it has more room to go down.

Anyway, first trade for me on ER2 today.

 

[trade_4_living]

More room to go down:

 

[trade_4_living]

Could be a buy around 688.20 78% retracement. ALso, on 667 tick chart, the short-term MACDs are about to touch long-term MACDs, I doubt they would go across. So could be a long entry soon.

 

[trade_4_living]

ES is extremely bearish. Its downtrend has not reversed for the whole day. Now could be another short opportunity.

 

[trade_4_living]

Amazing, play the longer timeframe really works. I used 3 contracts and only played the long-trend twice, success ratio is 100%. These two trades were based on 550 tick chart. I've several other trades based on 210 and 667 timeframe. I'll post them too.

 

[trade_4_living]

These two trades were made based on 667 tick chart. Again, with 3 contracts. The net result is about the same.