this is basically my perfect setup I look for. we had a hard
bounce off the morning lows on the open on ES, then followed by a
pullback that caused my moving average ribbons to pinch nicely on
the 2 min chart. Other indicators like MACD recycled back close to
zero and the BR Squeeze also pinched, and you also had a cycle buy
(cyan dots on the 1 min smaller time frame).
Your trigger candle is the doji on the 2 or 1 min chart, entry
is 1 tick over that doji with stop 1 tick below the doji
low.
this is showing an example on a 2 and 1 min ES, but obviously
that works on any time frame, 5 min, 15, 60 min whatever, I just
like using that small time frame for day trades.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
Perfect trade on ES example
Posted by matt on 13th of Nov 2019 at 10:22 am
this is basically my perfect setup I look for. we had a hard bounce off the morning lows on the open on ES, then followed by a pullback that caused my moving average ribbons to pinch nicely on the 2 min chart. Other indicators like MACD recycled back close to zero and the BR Squeeze also pinched, and you also had a cycle buy (cyan dots on the 1 min smaller time frame).
Your trigger candle is the doji on the 2 or 1 min chart, entry is 1 tick over that doji with stop 1 tick below the doji low.
this is showing an example on a 2 and 1 min ES, but obviously that works on any time frame, 5 min, 15, 60 min whatever, I just like using that small time frame for day trades.