论 Daily Trend Reversal on ES

股海拾贝

Trade 2:
12:19, new high, market hesitate
12:24, weak up thrust, READY
12:29, big bear come in and smack the market, GO
12:39, short at 1631.25
Market is choppy.
15:29, out at 1629.75

股海拾贝

Trade 3
3:29, reverse trade 2 and enter long at 1629.75.
It is not closed yet, as I am in money. now set stop at break even. I am not in a hurry to close this one.
Just want to see how panic bear can be.
3:49, out even. market is quite shaky, do not want to give it wiggle room.

股海拾贝

oldcat 发表于 2013-5-12 07:14 PM
chart of spx this Thursday

Nice chart. I got it.
I use hourly chart to sport support/resistance too. Since 5min chart can not hold multi day info.

股海拾贝

trend 发表于 2013-5-12 02:41 PM
Thanks 股海拾贝's answer, as a complete trade entry and exit should be considered together. I'm inte ...

I will mention exit too.

股海拾贝

股海拾贝 发表于 2013-5-13 02:40 PM
Trade 1:
9:59, market seems going to reverse to up.
10:04, long at 1625.25.

I moved stop up below each swing HL. The last stop is not a HL, but I don't want see price drop below, as I get more and more suspicious.

The best stop, from a MHP point of view, is set at one tick above break even and let market wiggle, Since the entry point is indeed at day low.

股海拾贝

股海拾贝 发表于 2013-5-13 02:40 PM
Trade 1:
9:59, market seems going to reverse to up.
10:04, long at 1625.25.

Around 13:30, there is another excellent entry. but i was already in the trade.

股海拾贝

Old cat. I guess you were chopped at middle of the daily range. The reversal trade has better win ratio, at the days extreme and if break out/down some lines. Since most day has 10p range, 12:30 is the perfect trade. It looks scary, I know, you need study it with many chart. This is the READY-GO set up I want to introduce.

海边玩人

看上去好牛！
可惜都是洋文，看不爽。

股海拾贝

Edited chart 2 a bit. I like these two trade entry a lot.

股海拾贝

股海拾贝 发表于 2013-5-13 04:28 PM
Edited chart 2 a bit. I like these two trade entry a lot.

You can combine the 2-3 5min bars before the entries. You will get shooting stars, represents a failed attempt of bulls, or a trap set up by MM. Shooting star could be easier to understand as reason to go shot.

Diffusion

加个高亮。

trend

股海拾贝, are you using program to trade or manual order?

dxzhu

股海拾贝

trend 发表于 2013-5-13 05:28 PM
股海拾贝, are you using program to trade or manual order?

Manual entry