Hi all
Im starting this journaling thread because I need to progress in my trading and I think this could be way how to become more accountable. And also improve my written English. ( sorry guys that sometime this will be really hard to read for you.)
I will update this thread every day with my homework before opening and with my result after that day. I have really problem to do that just for myself so maybe this will help some one too..
I started watching NQ last June. At fall I switch to ES ( it looked for me cleaner to read nice swings, holding S/R etc) but I was observing them both. Nowadays I mainly trade ES but from December I started feeling that there could be better market for me. ES changed a bit, become less volatile and slow. After that I started mess with my chart ( it doesnt help either. but I learn a bit about other indicators ) so I went back to my old settings and stay with them until end of the month.
Ok now little bit about my actual chart setting. I found that it really doesn't mater what indi do you use, but u must know how it behave in certain phase of market and and see the advantage what it gives you. RSI work for me I have it at all my charts. MACD also work so there is no need to change. Im also using EMA and WVAP. And last Volume profile. as it shows spike of certain level where trader was happy with price and unfair price which works as S/R.
I use three charts as many of us
LT 1h or 30min for longterm trend and getting S/R
MT 3min to 10min for actual trend and supports and commitment of trader at the moment aka (momentum).
ST something changing fast 1min tick vol I prefer 3000vol for ES this chart shows me the flow of now moment and best opportunity to take trade. aka timing entry.
my HW for ES
ok market can do anything wants but for me it looks it need little pause here as it climb up a bit last two days.
so bias for the day is sideway to up. buying lows an selling highs :) everything can change at 10:00 as big head is speaking and some others data will come so watch out.
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PS: my time at chart is in Central Euro zone GMT +1