Beautiful short signal on the 120 min ES chart last night, I
noted that the MACD/BB's were very wide at the close, but since
this is a 2 hr chart it took until about midnight to trigger, you
had a perfect doji, your trigger short was at 2072, also notice the
wide MACD/BB's and negative divergence on the CCI indicator.
Everything lined up. I'm not saying you would have taken this
as midnight, it's an educational visual example for reference.
will do, but also on your end, good to just setup charts like
that to have in background. If you have TS I can give you
workspaces pre made. I have 3, 5, 10, 15, 30, 60, 120 min ES
charts on a screen that I can just glace at. I have 5
monitors, so those are on one monitor, the blog is on another, so I
can just glace over at them quickly.
you could probably if it was a 120 min chart, since it would
probably take all night to unfold. On a shorter time frame
you would have to watch it because it would likely play out
overnight and then bounce. On the 120 min, your stop goes in
at the high of the doji candle, so your risk is set even if you
left it to try and play out.
by the way - on the ES Pro system version, the one that does a
lot of contracts, one thing I do is, I take off extra contracts
close to the 9 EMA, I just set GTC sell or buy limit orders there
ahead of time
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ES 120 min - short example off a Doji and wide MACD/BB
Posted by matt on 17th of Jun 2016 at 09:40 am
Beautiful short signal on the 120 min ES chart last night, I noted that the MACD/BB's were very wide at the close, but since this is a 2 hr chart it took until about midnight to trigger, you had a perfect doji, your trigger short was at 2072, also notice the wide MACD/BB's and negative divergence on the CCI indicator. Everything lined up. I'm not saying you would have taken this as midnight, it's an educational visual example for reference.
MATT: If you see anything
Posted by nichi on 17th of Jun 2016 at 09:45 am
MATT: If you see anything like this today please let us know. Appreciate yr cooperation as always.
will do, but also on
Posted by matt on 17th of Jun 2016 at 09:47 am
will do, but also on your end, good to just setup charts like that to have in background. If you have TS I can give you workspaces pre made. I have 3, 5, 10, 15, 30, 60, 120 min ES charts on a screen that I can just glace at. I have 5 monitors, so those are on one monitor, the blog is on another, so I can just glace over at them quickly.
Matt
Posted by stevieb294 on 17th of Jun 2016 at 09:59 am
If you get a signal like that late in the day do you hold overnight?
thx
you could probably if it
Posted by matt on 17th of Jun 2016 at 10:04 am
you could probably if it was a 120 min chart, since it would probably take all night to unfold. On a shorter time frame you would have to watch it because it would likely play out overnight and then bounce. On the 120 min, your stop goes in at the high of the doji candle, so your risk is set even if you left it to try and play out.
by the way - on the ES Pro system version, the one that does a lot of contracts, one thing I do is, I take off extra contracts close to the 9 EMA, I just set GTC sell or buy limit orders there ahead of time