Journey of the ES - Wannalearn12

[LeMercenaire]

No trading at all for me today - but here's how my chart looked...

US500H1asDZinfoforVinny5thMay17.png (35.28 KiB) Viewed 2916 times

[LeMercenaire]

Lol - no idea why the two H4 charts posted like that - but here's what I was saying:

Here's a little something for you that I will be looking to run moving forward - An 04.00 H4 Billy-Bar. How good does this look? Wide view and closer for detail.

Watch this space.

Have a good weekend folks and I will see you on the other side.

[LeMercenaire]

Just one last thing - check out how the previous zones act as price magnets moving on to the next day. Interesting - and useful.

US500H1asDZinfoRE-asPriceMagnet5thMay17.png (29.89 KiB) Viewed 2900 times

[John S.]

Have had 1 loss in the last 14 sessions ...only taking 1 pt / session ..

Hey dchappy.......very nice. What Stop Loss did you use in your 14-1 run?

Thanks!

[dchappy]

I hesitate to say this because it may wrongly influence some . When trading the ES for 1pt . I rarely set a stop loss .I enter on the open of the H1 bar , then will monitor the trade on the M5 . The ES usually moves slow enough that if it comes against me I can exit quickly or eat some space if need be .I also have the option of hedging if it gets dicey ....Going for only 1 pt.the trade is usually over in 30 mins or less . And If I can net 10 points /month my year is completed in 6 or 7 months .Of course every trader has different commitments/goals .This strategy has been fitting well with my sleep schedule and lifestyle so far.

[wannalearn12]

Lol - no idea why the two H4 charts posted like that - but here's what I was saying:

Here's a little something for you that I will be looking to run moving forward - An 04.00 H4 Billy-Bar. How good does this look? Wide view and closer for detail.

Watch this space.

Have a good weekend folks and I will see you on the other side.

4h yes!!!! Didn't even think about it!!! Wow.. looking at it now.

[wannalearn12]

I hesitate to say this because it may wrongly influence some . When trading the ES for 1pt . I rarely set a stop loss .I enter on the open of the H1 bar , then will monitor the trade on the M5 . The ES usually moves slow enough that if it comes against me I can exit quickly or eat some space if need be .I also have the option of hedging if it gets dicey ....Going for only 1 pt.the trade is usually over in 30 mins or less . And If I can net 10 points /month my year is completed in 6 or 7 months .Of course every trader has different commitments/goals .This strategy has been fitting well with my sleep schedule and lifestyle so far.

Isn't it wonderful?! I myself like quick movers, but if I have the spare margin I will throw a trade on ES.

[LeMercenaire]

Limits on my time this week, so not always guaranteed to be able to be at the screens for the US Open. As a result, I'll look to the H4 set-up first. Took today as a long-bias but would have been fine going the other way as well.

.US500CashH4as04.00BB-H4May9th17LongBias-Detail.png (22.11 KiB) Viewed 2695 times

[LeMercenaire]

Fib shows my (rough-guide) tp targets.

.US500CashH4as04.00BB-H4May9th17LongBiasCW-Fib-Detail.png (27.17 KiB) Viewed 2805 times

[LeMercenaire]

Full day on the H4, including a perfect bounce on the 50-Fib...

.US500CashH4asBBperfect50bounceinc9thMay17detail.png (24.09 KiB) Viewed 2783 times

Even over on the H1, the fun would have just bowled you over all day long...

US500H1ahellofaridethrudayforV9thMay17.png (30.76 KiB) Viewed 2783 times

...though some of those spikes would have kept you on your toes.