seems you are VERY rightDisagree. Ill write more detailed analysis later, but there is more to market than just AD
what time zone are you in?Trisqz play analysis:
I did not wait for super clear 30m confirmation as I felt like earlier entry provided better RR
My exit was also conservative. - trying to take profits before being stopped out and see how it works
p.s. now with 20/20 hindsight trailing it on psar stop would have netted 3 points more. - management is hardest thing to learn
Blake, new here, long time TOS user, what do you look for to enter your trades?I didn't open a position until the afternoon due to the fact that I hadn't traded a single contract since last Tuesday. Felt a little out of sync I guess I don't know how else to explain it. Just wanted to kinda sit back and see how the morning panned out. Anyways here's my action from today.
you should write a book! thanks for explanation@JML Before the opening bell I go back and look at the price action from the previous day as well as the action in post-market. I mark up any specific price points (support and resistance) that might come into play. I also do this all day long. If you look at the screenshots I've posted in this thread I've got probably 10-20 price points marked throughout the day. I do this so that when ES is trading in a specific range I don't have to frantically look back and try to spot a good price point for entry/exit. That could be with pull backs or getting in at the top/bottom of a new trend. So thats how I define the actual price point of my entries. ES trades differently than most instruments. There are patterns here that if you attempted to trade elsewhere you might get your bacon cooked. I try not to trade against the trend unless I'm 100% confident in the play, even then generally not a good idea. With the indicators I'm running right now it's a very simple and clean setup. Basically looking for FE bottomed out, sell/buy signal from the Wave Trend Oscillator, and confirmation from the CCI on the 2000t to indicate that the previous trend is over or if its just a continuation (cyan to purple, purple to cyan, etc.) Ideally I like to enter on the first pull back, but who doesn't? Lately I've been playing a lot of triangles which is pretty straightforward. For me, time of day is extremely important. Big moves happen on the hour and half hour. Most importantly though man I'm just paying extremely close attention to price action which I think is the most valuable tool a trader can have and utilize.
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