Journey of the ES - Wannalearn12

[LeMercenaire]

How it went in my neck of the woods. A not-quite-1-2-3 into another not-quite-1-2-3. Still would have got the job done though, so not moaning, honest.

US500H1HowitendedupviaDZinfoforWanna27thMarch17.png (29.75 KiB) Viewed 2777 times

[wannalearn12]

Yawn.... banked .75 ticks, somehow. Until the next hour it seems.

[LeMercenaire]

Yawn.... banked .75 ticks, somehow. Until the next hour it seems.

Take them - and run for the hills, lol.

[wannalearn12]

Yawn.... banked .75 ticks, somehow. Until the next hour it seems.

Take them - and run for the hills, lol.

I will take these ones too, that's 3.5% I think that'll do.

[wannalearn12]

Yawn.... banked .75 ticks, somehow. Until the next hour it seems.

Take them - and run for the hills, lol.

Maybe tomorrow we will actually have some volume >.> I also have to go to "work" today... what a drag... I make more in 3minutes than I do all month haha. Steady checks are what I like, though

[wannalearn12]

Yawn.... banked .75 ticks, somehow. Until the next hour it seems.

Take them - and run for the hills, lol.

I will take these ones too, that's 3.5% I think that'll do.

DAMNIT. Every time, I swear. It went for good money

[nat]

i waslooking at th thread you guys post in on ff and have a question. its for trading reversals off the daily high/low i see. do you only take the trade if it broke out from the daily high/low and failed? or do you take it after it crosses the open regardless?

example- The candle with the green dots didnt break the high so that trade wouldnt have been taken?

1-2-3_Setup.png (109.57 KiB) Viewed 2706 times

[LeMercenaire]

i waslooking at th thread you guys post in on ff and have a question. its for trading reversals off the daily high/low i see. do you only take the trade if it broke out from the daily high/low and failed? or do you take it after it crosses the open regardless?

example- The candle with the green dots didnt break the high so that trade wouldnt have been taken?
1-2-3_Setup.png

The bar doesn't need to break the last bar's extreme, no, only test it and drop back. The green-dotted-bar would have been an entry and fail (assuming the first bar had been a new high at the time - I'm reading this on my phone, so kind of guesstimating).

The basic three steps are:
1: Price makes new High / Low.
2: Next bar tries to make new High / Low but fails.
3: Enter as price drops back across the open of the live bar.

It should be noted however that "test" is subjective to an extent for us, as I / we will take a second bar that does push past the extreme occasionally as we can have already entered a trade before it then pushes on but not far enough to trigger a stop.

[wannalearn12]

i waslooking at th thread you guys post in on ff and have a question. its for trading reversals off the daily high/low i see. do you only take the trade if it broke out from the daily high/low and failed? or do you take it after it crosses the open regardless?

example- The candle with the green dots didnt break the high so that trade wouldnt have been taken?
1-2-3_Setup.png

The bar doesn't need to break the last bar's extreme, no, only test it and drop back. The green-dotted-bar would have been an entry and fail (assuming the first bar had been a new high at the time - I'm reading this on my phone, so kind of guesstimating).

The basic three steps are:
1: Price makes new High / Low.
2: Next bar tries to make new High / Low but fails.
3: Enter as price drops back across the open of the live bar.

It should be noted however that "test" is subjective to an extent for us, as I / we will take a second bar that does push past the extreme occasionally as we can have already entered a trade before it then pushes on buy not far enough to trigger a stop.

I always say end of session big wick color change - my money is going on it.

[wannalearn12]

1min price action once again gets me in at the correct time. 1.25 points easy.