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Help! need guidance on better entries for ES
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Help! need guidance on better entries for ES

  #1 (permalink)
Trading Apprentice
Austin, Texas, United States
 
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Help! need guidance on better entries for ES

Can anyone help me get better entries for my trades? I currently use the 1 minute chart for entries either wait for a higher low or lower high depending on which way the trend is going. I have noticed that my entries can be at very bad timing going with this strategy. Maybe someone can help me better my entries. That would be great!

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  #2 (permalink)
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  #3 (permalink)
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if looking for trend. Also may want to check higher TF charts.

best

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  #4 (permalink)
Trading Apprentice
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Yeah I go with the trend, but I'm seeking guidance on better entries for my trades.

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  #5 (permalink)
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miguelhernandez View Post
Can anyone help me get better entries for my trades?

Forgive me, please, if I appear to be avoiding your question rather than answering it, but how confident are you that "entries" are really the problem for which you're seeking a solution? And how do you know this?

(I ask partly because you mentioned that you're trading from M1 charts.)

I think there's a great deal of good sense in the perspective that fast trading is around 60% money-management (including, of course, risk avoidance and position-sizing), 30% psychology, 8% trade management (including stop-losses and exits) and only about 2% entries. So I'm naturally curious, when someone asks specifically about "entries", whether there can sometimes be an element of putting the cart before the horse, in the original question. All too often, it seems to me, lack of provable, profitable "edge" needs far more to rectify it than simply "entries".

Just my perspective, and apologies if it was an unwelcome one.

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  #6 (permalink)
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Tymbeline View Post
Forgive me, please, if I appear to be avoiding your question rather than answering it, but how confident are you that "entries" are really the problem for which you're seeking a solution? And how do you know this?

(I ask partly because you mentioned that you're trading from M1 charts.)

I think there's a great deal of good sense in the perspective that fast trading is around 60% money-management (including, of course, risk avoidance and position-sizing), 30% psychology, 8% trade management (including stop-losses and exits) and only about 2% entries. So I'm naturally curious, when someone asks specifically about "entries", whether there can sometimes be an element of putting the cart before the horse, in the original question. All too often, it seems to me, lack of provable, profitable "edge" needs far more to rectify it than simply "entries".

Just my perspective, and apologies if it was an unwelcome one.

you were no help brotha. ive been prodfitable if thats what youre implying. yes i look at bigger time frames, i dont only have the 1 minute chart up.

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  #7 (permalink)
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miguelhernandez View Post
Can anyone help me get better entries for my trades? I currently use the 1 minute chart for entries either wait for a higher low or lower high depending on which way the trend is going. I have noticed that my entries can be at very bad timing going with this strategy. Maybe someone can help me better my entries. That would be great!

For which instrument? according to your profile i guess it is the ES. Do you enter at market (using market order), limit/stop order? Do you wait for confirmation? If you do, what type of confirmation?

Can you share a series of recent trades you took with both entry/exit?

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  #8 (permalink)
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trendisyourfriend View Post
For which instrument? according to your profile i guess it is the ES. Do you enter at market (using market order), limit/stop order? Do you wait for confirmation? If you do, what type of confirmation?

Can you share a series of recent trades you took with both entry/exit?

yes i have a trade that i can use an as example and yes this is the ES. i looked at my 1 minute entry chart to confirm the trade and as soon i get the conformation i either sell or buy market. In the following example i sold the market after getting the conformation from my one minute chart. I use thinkorswim platform for the entries and ninjatrader to execute my trade. my reasong for my trade was my view on the market as it was going down after hitting a retracement. It was a winning a trade.

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Last edited by miguelhernandez; January 10th, 2016 at 02:31 AM.
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  #9 (permalink)
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miguelhernandez View Post
Can anyone help me get better entries for my trades? I currently use the 1 minute chart for entries either wait for a higher low or lower high depending on which way the trend is going. I have noticed that my entries can be at very bad timing going with this strategy. Maybe someone can help me better my entries. That would be great!

If your entries are indeed very bad, then the opposite entries are by definition great.

Do the opposite.

"...the degree to which you think you know, assume you know, or in any way need to know what is going to happen next, is equal to the degree to which you will fail as a trader." - Mark Douglas
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  #10 (permalink)
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miguelhernandez View Post
yes i have a trade that i can use an as example and yes this is the ES. i looked at my 1 minute entry chart to confirm the trade and as soon i get the conformation i either sell or buy market. In the following example i sold the market after getting the conformation from my one minute chart. I use thinkorswim platform for the entries and ninjatrader to execute my trade. my reasong for my trade was my view on the market as it was going down after hitting a retracement. It was a winning a trade.

I would say it was good entry.
Shorting lower high below the middle band.
How much better you want to get it

As you said you are profitable trader, your system works and you trade with trend.

What I have read is losses are part of trading.
And losses will be part of your trading, accept them.
You can't eliminate all your losses.

You have a loss, you want to improve, you add filter.
You have a loss again, you want to improve, you add filter.
...

How far you want to go ?

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