First of all i wanted to thank everyone for the nice support.
Today was another very good trading day without any worries where the pivots or volume clusters or symmetry dots or cl levels or any of these hundreds resistance and support levels.
Again- today i am going to stay at the same level as yesterday , still no indicators and no countertrend and no higher level stuff.
http://imageshack.com/scaled/large/543/cymq.jpg
So started early at 8:50 am which is 5:50 my time, i saw that we do have a higher top so when i got that long signal at point 1 i did not hesitate and went long EVEN THOUGH THE BIG PICTURE TOLD US TO CONTINUE SHORTING FROM THE BIG DROP OF THE NIGHT.
point 2- same long with a stop bellow, keep in mind that even though the market tried to generate a lower high it did not succeed and as u can see the long was great.
point 3- same long- look at the delta between tops- meaning trend is strong- no need to measure with any indicators.
point 4- here is the EXPERT TIP i will add now- as you can see point 4 would be a loser- BUT- and this is a HUGE but and you have to pay attention.:
YOU HAVE TO MEASURE THE FIBS EXTENSION BETWEEN THE TOPS- they are actually your best measure for the trend strength. once its 1.272 to the tick which happened here-YOU DO NOT ENTER WITH THE TREND BEFORE a retracement of at least 61.8 , so if you look there - i skipped point 4 long because it did not made the 61.8 and i entered at point 5 which was a great winner.
point 6- same rule but here we had no noise- and it was again a great long.
point 7 ended with a break even.
point 8- VERY IMPORTANT-you would imagine that since point 7 low was broken we would look for a short- basically you would be right but 1 tick is normally nothing- actually if you look we hit a support of point 6 and we got a long entry so take it.1 tick actually is the bet divergence - because all the breakout shorts would bail and reverse while we go long and laugh.
point 9- here i got small legs i just stopped and waited , same with point 10.
point 11- i saw a nice double top with a short reaction so i took it- was a great short.
point 12- same short - watch the nice delta.
point 13- was a little confusing but as i said before- we only broke point 12 by 1 tick so i took this short with a tight stop and it worked perfect.
point X- its the double bottom between 13 and 14 - forgot to mark it- was a perfect double bottom and i took the long, i expected to have a new high so bailed only with 2 points damn lol.
point 14 was a mystry- no idea why where so i stayed out.
same with point Y bottom before 15.
point 15 took a short for 1 tick loss and then for desert took the nice long of point 16.
i will not tell you how many points i made but you can figure it for yourself.
i am just trying to explain that trading the es is great- you have time to think and unlike the cl your stops even though i use market stops are normally very small.
here is the link again ///// http://imageshack.com/scaled/large/543/cymq.jpg /////
Enjoy and hope it helped.
Take care
Jane
