Hi Rob,Pat,all.
Great thread,I also mainly trade the ES and usually only have 1 or 2 trades a day find it helps with discipline and over time have found the less trades I place the more likely I am to make money.
For me trading is mainly about discipline and human nature sets you up to lose at trading (over trading,letting losing trades run and cutting winners short ect ect).The disiplined trader by Douglas is my trading bible!
I always trade with a stop and usually set a limit at the same time and look for a minimum 50/50 risk reward ratio usually greater.
My trades are usually with the trend on a move against it so if trend is up would look to buy on the dips.
Another thing I find with the ES is it loves the pivot and would not trade without it on my chart it really helps when setting up a trade.
Anyway for today although I think the trend is still down I think this fall is overdone so took a long last night at1264.7 with stop at 1260 and limit at 1279,not a trade I would usually take but think the fall is overdone and we are miles away from the pivot and suspect we will at least make a move closer to it at some point today.
Good luck with your trading (although luck should not come into it)