Trading Turns and Pullbacks
Thursday ES gave me back to back trades, one of each (turn/pullback).
Turns are not for everyone! Ive found that multiple time-frames works best for me, with setups coming with extremes (RSI) on at least 2 of the 3 I use (preferably 3). I work from the high TF(s) to low TF for reaching extremes. The low is always the timing on entry chart as it reaches extremes.
I maintain a screen with the RSIs of all 3 TFs on one monitor separately. The chart Ive posted is the price only chart. Ive tried to show the conditions of the setups, entry areas, and exits I had. Hopefully, not too confusing. :-)
Turns are not for everyone! Ive found that multiple time-frames works best for me, with setups coming with extremes (RSI) on at least 2 of the 3 I use (preferably 3). I work from the high TF(s) to low TF for reaching extremes. The low is always the timing on entry chart as it reaches extremes.
I maintain a screen with the RSIs of all 3 TFs on one monitor separately. The chart Ive posted is the price only chart. Ive tried to show the conditions of the setups, entry areas, and exits I had. Hopefully, not too confusing. :-)
Click image for original size
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