ES short -testing oscillation strategy
This is my wide look at the market, while I am testing usage of TradeStation brokerage on TradingView for the first time, and it is working marvelously!!!
I am building a short of the index using MES, using a quick stop if I am wrong. High R:R trading, but often immediately wrong playing the oscillation at the edges - as that is where new trends are confirmed at the breaking out of the oscillation. I keep doing what works until it doesn't. If it breaks long, I will look at a new trend to the upside and adjust indicators accordingly. We are still currently below the monthly pivot and so near it that you don't get a better price to short this current macro trend should it continue to the downside.
Good trading to you, thanks for following and liking my scripts!
~B3
I am building a short of the index using MES, using a quick stop if I am wrong. High R:R trading, but often immediately wrong playing the oscillation at the edges - as that is where new trends are confirmed at the breaking out of the oscillation. I keep doing what works until it doesn't. If it breaks long, I will look at a new trend to the upside and adjust indicators accordingly. We are still currently below the monthly pivot and so near it that you don't get a better price to short this current macro trend should it continue to the downside.
Good trading to you, thanks for following and liking my scripts!
~B3
Comment:
Ok, I was wondering if my trading cues on my screen would show in the idea picture, and they do not. I am short from 4355.25 and losing ;)
Trade closed: stop reached:
Will have to reassess the trend on the next turn, price is not showing any sign of being correct on a short at this time. Better to be out and try again when it looks better for a short i.e. sideways again.