Journey of the ES - Wannalearn12

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LeMercenaire
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Re: Journey of the ES - Wannalearn12

Postby LeMercenaire » Thu Jun 21, 2018 8:46 pm

Not traded by me unfortunately, just not able to be at the screens for the set-up time just now.

Anyway, here's today's and yesterday's moves.

.US500.H1Flips-yesterdayandtoday-21stJune18.png
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Re: Journey of the ES - Wannalearn12

Postby LeMercenaire » Thu Jun 21, 2018 8:51 pm

It does also draw attention to the possibility of a bounce tomorrow...

.US500.H1bounce21stJune18.png
.US500.H1bounce21stJune18.png (30.28 KiB) Viewed 690 times


.US500.H4abouncetomorrowmaybe21stJune18.png
.US500.H4abouncetomorrowmaybe21stJune18.png (35.85 KiB) Viewed 690 times


However, on the Daily...room to go yet.

.US500.Dailyormoretogo21stJune18.png
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Re: Journey of the ES - Wannalearn12

Postby LeMercenaire » Mon Jun 25, 2018 8:26 pm

What in the name of all the little green fishes is this?! :lol: :lol: :lol:

U30USD.cH1whatinthenameofallthelittlegreenfishesisthislol25thJune18.png
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Re: Journey of the ES - Wannalearn12

Postby LeMercenaire » Wed Jun 27, 2018 9:01 pm

Posted on HOLO / 1-2-3 but belongs here also.

An absolute beaut of a 1-2-3...

S&P500H1haditsownbeautofa1-2-3June27th18.png
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Double-Tap entry, red, then blue.

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Re: Journey of the ES - Wannalearn12

Postby LeMercenaire » Thu Jul 05, 2018 9:20 pm

A nice potential rebound set-up...

S&P500H1nicepotentialrebound5thJuly18v2.png
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Re: Journey of the ES - Wannalearn12

Postby LeMercenaire » Fri Jul 06, 2018 8:41 pm

That rebounded well enough. Not spectacular but it's the S&P we're talking about - it doesn't do Shorts very well!

.US500.H1didtakeonerebound-nowbouncedandmovedonagain6thJuly18.png
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Re: Journey of the ES - Wannalearn12

Postby LeMercenaire » Fri Jul 06, 2018 8:42 pm

An H4 overview on the above...

.US500.H4uphigherinfo6thJuly18.png
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Re: Journey of the ES - Wannalearn12

Postby ia1979 » Fri Jul 20, 2018 1:56 pm

Hi Lem, hope this finds you well. I have been reading your material here and on FF. It would be an understatement to say you know what you are talking about. I have learnt a lot from you, from TRO and from Too Slow. Thanks for that. I am also based in the UK and thinking about starting to trade SP500 and Dax. You appear to be making 5% a day which is insane so congratulations on that. I am starting out with a capital of around £50k and 5% a day would be out of this world but seems a bit ambitious for me. Also, I would be nervous about putting 50k into a trading account (large moves, spikes, black swan etc scare me). I might leave 30k in my bank account and start trading with only 20k (but trading lot sizes as if I have 50k in my trading account). Is that advisable or not?

I also like the simple trading methods of Buy Zone, and the way you and Wanna started this thread (trading the WZ of the midday candle UK time). Having read the thread, it has evolved a bit. The 500 flip has come into play as well as S+D zones etc. In your experience, do you think Buy Zone and WZ would still work on the SP500 and Dax?

I also like the idea of hedging and have done it in the past (without much success). I always found myself unwinding a short hedge for example (expecting price to move back up) but it just went lower and lower and lower lol. Having read your material, I think I have a better grasp of it now. Must try in demo first though. Say you bought SP500 and price moved to the opposite direction and passed a short trigger, you then put on a short trade as well. Wait for it to decide on its next move. If it goes lower and hits support, close the short in profit and open up another long there. That way price doesn't have to retrace all the way to your original long and you can close the longs at breakeven before that. Is that pretty much the hedging idea? Thanks a lot for your time and sorry for this essay :).

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Re: Journey of the ES - Wannalearn12

Postby LeMercenaire » Fri Jul 20, 2018 8:50 pm

ia1979 wrote:Hi Lem, hope this finds you well. I have been reading your material here and on FF. It would be an understatement to say you know what you are talking about. I have learnt a lot from you, from TRO and from Too Slow. Thanks for that. I am also based in the UK and thinking about starting to trade SP500 and Dax. You appear to be making 5% a day which is insane so congratulations on that. I am starting out with a capital of around £50k and 5% a day would be out of this world but seems a bit ambitious for me. Also, I would be nervous about putting 50k into a trading account (large moves, spikes, black swan etc scare me). I might leave 30k in my bank account and start trading with only 20k (but trading lot sizes as if I have 50k in my trading account). Is that advisable or not?

I also like the simple trading methods of Buy Zone, and the way you and Wanna started this thread (trading the WZ of the midday candle UK time). Having read the thread, it has evolved a bit. The 500 flip has come into play as well as S+D zones etc. In your experience, do you think Buy Zone and WZ would still work on the SP500 and Dax?

I also like the idea of hedging and have done it in the past (without much success). I always found myself unwinding a short hedge for example (expecting price to move back up) but it just went lower and lower and lower lol. Having read your material, I think I have a better grasp of it now. Must try in demo first though. Say you bought SP500 and price moved to the opposite direction and passed a short trigger, you then put on a short trade as well. Wait for it to decide on its next move. If it goes lower and hits support, close the short in profit and open up another long there. That way price doesn't have to retrace all the way to your original long and you can close the longs at breakeven before that. Is that pretty much the hedging idea? Thanks a lot for your time and sorry for this essay :).


Hi Bud and welcome to The Other Galaxy :D

Glad to have been of some help along the way and it's no worries at all about asking questions, I am happy to answer anything I can help with - however, as your post contains a number of different queries and as we are heading into the weekend, I will take my time and spread out the answers over the next few days and possibly into next week, if that's ok. That way I can give as detailed an answer to each question as you need.

It's all good :D

What I would say to get us started, is that if you are in the UK, I would set up a spread-betting account with your broker, rather than a ''normal'' FX acc.

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Re: Journey of the ES - Wannalearn12

Postby ia1979 » Sat Jul 21, 2018 12:32 am

Hi Lem, many thanks for the quick response. No worries, please take your time. As someone once said, the markets are here for the long haul (hopefully) :). That's a good shout about spread betting. I'm guessing it is because of capital gains implications with a normal FX account? New ESMA regulations are going to cripple us quite a bit as well due to leverage reduction. In any case, have a great weekend and I look forward to learning from you and making a modest 1-2% a day lol, which I'd be more than happy with, seeing that would equate to £500-£1000 daily!

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