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Per the PM, I suggest being cautious w/ CL as well. The point was move on from ES if you can as I think you will be more profitable. I don't trade CL as it is like a bronckin buck.
Can you help answer these questions from other members on NexusFi?
I'm placing my stops 6 ticks down. I figure most ES price corrections/variations happen within that range.
PA combat = price action combat I assume. Looking at the 15 min on 20 EMA, it is very choppy on the ES today.
What do you mean by "YM also has an affinity for 25 block numbers, having more weight at the 50's and the 100's."
While I do try to buy the bid and sell the ask, the intent is not to scalp the 1/4 point move in ES, it is intended to maximize profits on the trend up or down. If most of my trades w/ the spread covered are 3-4 ticks, taking out 2 ticks for the spread really puts a damper on my pnl.
The fifteen minute chart is revealing, isn't it. If you can learn to trade the 5 min. it will keep you out of the
noise a bit.
The YM has a pyschological S/R phenom with incremental prices... like it stopped dead at 12,000.
When it fell, it fell to 11,900, etc. It has weaker pauses at 50 and weaker still at 25.
When you draw some SR lines from prior days they almost always line up at these numbers. Weird.
My advice to you is to put your stop under or over S/R. Sometimes, it may be uncomfortably large. But if you are in
a true trend, it shouldn't come back to it. I have a hard time dealing with pullbacks, myself. You will learn
the difference between a pullback and a trend swing. Sharky has some great indicators for this. My biggest battle is taking profit when it closes in on my BE point. So at the end of the day, I have 5 trades going
up the trend line when one would have sufficed the whole time.
Trust in your S/R lines. When one is broken, Price is usually travelling to the next. Put your stop
just under the old S/R level. And wait until after the the first pullback on the breakout so you don't
get faked out.
A good trend will stay off the EMA 20 or come back to touch it every once in a while. It it crosses it hard,
the trend is in trouble. If price is hanging around the 20, it is chop.
All these behaviours I speak of pertain to the YM.
I make money in the YM when I am patient and follow these simple rules. When I don't, I always
lose money.
Trading based of my signals, am 3.6 points profitable on TF (even after my stop was just hit on a $80 reversal) and 8 ticks thus far on YM with an open trade.
Reached for a daily goal...stopped out twice.Wasn't desperate. Looking at the 5 min chart, the trend was there, but late choppiness took away my goal with a quickness. Was stopped out of a trade literally 2 seconds after entering it. Frustrating, but oh well....
Earlier today I noticed the YM and TF basically go in the same direction but right now I see they are moving in opposite directions. Super long shadows on the last 9 TF bars. Es no bueno.
Ended today with a 4.4 point gain net total. Not bad I think. What do you think?
Yes... Trading is tough after the London close. You may also try getting up a bit early sometimes and try the
London open. I've seen big trend days start right after midnight CDT. But usually the move will start at 2am
and you will know by 3am if something is forming. I have made many a profit target in the overnight. And
sometimes that will be the only good move of the day as the NY open will just range the rest of the day.
or sometimes reverse.
As for your earnings, believe me, anything in the green is wonderful in this business. Or should I say
anything out of the Red.
Good work... and remember, patience and a cool head.
My biggest problem is getting pissed off when I start getting down and it makes it very difficult to work
out of it. I also tend to get overconfident when I win. When I overcome this I will be a good trader.
Remember, the market repeats itself. Learn to recognize certain PA movements that lead to others.
Came in today a bit late due to the snow. Saw a trend, waited a bar and it was still gaining. Opened a position and saw big money coming in. Closed with no gain. Waited 4 minutes for the reversal, ended up with 19 ticks profit in 20 minutes of being open. Closed the position, am now watching.
The point was move on from ES if you can as I think you will be more profitable. I don't trade CL as it is like a bronckin buck. 
