You ask for it. So here it is. Simplified to the utmost. I will describe the trades on ES for 4/23 and 4/24 using no indicators below. Using only a 30 minute chart to keep it simple.
Go to the above entry and see just how simple my system truly is and how you can use it on any time frame and contract.
It can't get any easier than this. I hope everyone can now see just how good this is. You can't beat it.
Use a chart on which you prefer to trade and prove it will work for you. Let me know how well it works.
The following 4 users say Thank You to ESFXtrader for this post:
This is what my chart looks like today. Can you beat these entries shown on the chart just as we trade them?
Don't trade against trend or divergence unless you have a proven strategy. I am using the 21 EMA as a trend line and trading off it. After divergence or price hitting BB, price usually moves beyond the 21 EMA unless the trend is strong. The smallest move from entry of any trade marked is 10 then 11 ticks and the most heat on any trade was 5 then 3 ticks. Once you perfect this trading, your financial worries should diminish. As you grow your balance, you can increase your contracts traded. Many traders cannot re-fund their account. Therefore, it is important that you always prove you have it down before going live. At least early on, one should set a daily goal.
Good trading and good night.
With this post, I am closing this thread and journal and I will instruct ESFXtrader to not continue posting on futures.io (formerly BMT). If he does, he will be banned.
The short reason is that I do not trust his motives for posting. I have been deceived and flat out lied to before, so although I have questioned ESFXtrader in the past, I no longer believe his responses. Instead, I look at his posts in total to make the decision about his goals and intentions. I believe he is only here for promotional reasons.
I do what I believe is correct, and in this case that includes terminating this journal and if necessary his membership to the site.
Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
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