I am long ES. I entry at 3831 (eggplant color horizontal line). I enter when fast Hull cross over slow Hull. But I add confirmatory signal that I will tell at future date. Too much too explain now. Basic entry is the 2 Hull crossover. Most ideal is the fast Hull be at biggest slope when it is teal color and makes cross. I make this indicator but few that very much alike on TV. I code mine in slight different way. I wasn’t really happy with this entry because it below center regression line. I want over this line because it is resistance. So I take half position. But I enter and so far so good.
Now price be over center regression line, so now we look to add to full position. Where do we do this? If price pullback to center regression line then add to position, or also you can open position if not entry yet. I put profit targets at top of regression line, but really I have a different way to exit. And truth is I might not exit even if I hit top profit line and hope for more money or I could exit sooner. I have easy method that I will share when to exit position. My stop is low point of fast Hull which is like support.
My regression channel is more accurate than true regression channel. I code so that it is a better fit than linear regression channel. It is a channel that calculates the differential of many different random polynomials within the price action. Similar but to linear regression but better fit.
Now price be over center regression line, so now we look to add to full position. Where do we do this? If price pullback to center regression line then add to position, or also you can open position if not entry yet. I put profit targets at top of regression line, but really I have a different way to exit. And truth is I might not exit even if I hit top profit line and hope for more money or I could exit sooner. I have easy method that I will share when to exit position. My stop is low point of fast Hull which is like support.
My regression channel is more accurate than true regression channel. I code so that it is a better fit than linear regression channel. It is a channel that calculates the differential of many different random polynomials within the price action. Similar but to linear regression but better fit.
Note
So we maybe miss chance to add to position now price far too far from center regression. But another place to add to position is wait for price to pullback to center bollinger (mustard colored dots). Or be happy with profits from half position. This is okay toTrade active
Trade active
Stop moved up at 3858.5 now.Note
If Es keep moving toward profit target made at beginning of trade I re evaluate. My profit target be forever soft. When price move more close I look at 3d Ema 3.6x ATR of last 4 candle. If 3d ema still up over 3.6 Atr I stay in trade. When 3d under 3.6 Atr I go out of trade.. all instrument I find have own ema and Atr so 3d ema, and 3.6 Atr I use on ES be very different for CL, GC, and etc. very much backtesting I do to find the numbersNote
I closed this trade at 3895.75 so 149 tick profit. I be hopin more but okay I take it The volatility is getting more as I say earlier this week. No shame to close trade early. Now may do day trade Vix if I can see my entry.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.