I was in this trade while I was also responding to ducati,
anyway this was a nice bounce trade, I'm posting for educational
purposes, for those of you who have been through one of the
tutorials which cover daily, weekly charts for the most part, this
shows how you can take those same concepts and trade short term
futures, gives you your exact entry price, target and stop.
This of course is the same trade you see on some of the
stocks that we post that get too far from the 9 EMA, but down to a
15 min time frame using futures
yep sorry about that. Honestly I trade the 10 and 15 min
charts of ES, TF, NQ, whichever time frame sets up the best I do
that. And sometimes I'll even do a 5 min chart if the
movement is large
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ES 15 min reversion to mean trade educational example
Posted by matt on 26th of Jun 2014 at 10:30 am
I was in this trade while I was also responding to ducati, anyway this was a nice bounce trade, I'm posting for educational purposes, for those of you who have been through one of the tutorials which cover daily, weekly charts for the most part, this shows how you can take those same concepts and trade short term futures, gives you your exact entry price, target and stop. This of course is the same trade you see on some of the stocks that we post that get too far from the 9 EMA, but down to a 15 min time frame using futures
The chart you showed Matt was 10MIN
Posted by windyjazz on 26th of Jun 2014 at 10:57 am
In the 15 min time frame the entry was higher at 1941.50 and the 9ema was not hit yet that is.
yep sorry about that. Honestly
Posted by matt on 26th of Jun 2014 at 11:20 am
yep sorry about that. Honestly I trade the 10 and 15 min charts of ES, TF, NQ, whichever time frame sets up the best I do that. And sometimes I'll even do a 5 min chart if the movement is large