Why is trading so difficult?

volpri said:
Es 5 minute chart 6-1-2018 a.m. part of session.
How would you as a trader trade this sort of Price Action?

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Hello volpri,

Attached are my making money opportunities for the ES chart you presented.

Clearly the trend is up on ES, so my thought process is lets make some money and get long with Good entry and Good Stop loss and Exit.
 

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SimpleMeLike said:
Hello volpri,

Attached are my making money opportunities for the ES chart you presented.

Clearly the trend is up on ES, so my thought process is lets make some money and get long with Good entry and Good Stop loss and Exit.
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I don't see any rational reasoning of entering where you show? Either percentage or fibs?

What I do see is Big Bar and until there is a close beyond big bar, my systems trades for chop based on the five minute time frame. So this means selling most recent pivot high and buying most recent pivot low, wouldn't do more than 2 or 3 of them. PS three points and seeking two points. And after close beyond, then can do breakouts of lowest highs. Bunching up of highs I be checking volume to look for reduction(interest) and look to sell that. It is exactly like when Megaphone pattern shows up, don't want to be doing breakouts unless you are good at last move of breakout.

Trading is difficult cause you have to discover either through books, forums, on your own about patterns, Then test them to get percentages of being helpful, then ability to memorize vast amounts of it and remember on the fly.
 
SimpleMeLike said:
Hello volpri,

Attached are my making money opportunities for the ES chart you presented.

Clearly the trend is up on ES, so my thought process is lets make some money and get long with Good entry and Good Stop loss and Exit.
More...
Thank you for sharing. Interesting.
 
this looks like spike and channel so would wait for a exhaustion spike up to sell or for a down move.
the up moves seem to be getting weaker
es.png
 
Handle123 said:
I don't see any rational reasoning of entering where you show? Either percentage or fibs?
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Handle123,

I really try to make trading as simple as possible for me.

The ES was rising. I simply 1. Pick a good/cheap price to enter near a support 2. Pick a good stop loss or risk i am comfortable with losing 3. Pick a place to take profit. 4. Close the chart for the day

Trend was up, so I may as well join the party.
 
vanzandt said:
Vinny. Where you been son?
I thought we were supposed to be in a bear market.
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Sitting on the sideline mostly. We are trading in a range. Only time will tell if it is a bear or we continue higher. I check in every once in awhile.
 
SimpleMeLike said:
Handle123,

I really try to make trading as simple as possible for me.

The ES was rising. I simply 1. Pick a good/cheap price to enter near a support 2. Pick a good stop loss or risk i am comfortable with losing 3. Pick a place to take profit. 4. Close the chart for the day

Trend was up, so I may as well join the party.
More...

From where you have the arrows on 1 & 2, both trades look like losses, where the arrow was got hit few bars later?
 
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