Is it profitable to scalp the spead in ES mini
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Is it profitable to scalp the spead in ES mini


Emini and Emicro Index

Created December 26th 2013 by tracy
Updated February 15th 2014 by trendwaves
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Is it profitable to scalp the spead in ES mini

  #21 (permalink)
Market Wizard
Florida
 
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jeheald View Post
It may be possible to make money as a retail trader scalping the spread on the ES, but I've never seen it done successfully.

I agree with you on that jeherald. Mathematically trading the ES spread just doesn't make much sense. In a practical sense, 3 ticks minimum, 4 or even 5 ticks gives some breathing room with a more realistic stop loss.

Anyone that wants to learn a proven method to scalp 4 ticks in the ES, I would suggest reading these two excellent trading journals here on futures.io (formerly BMT)...

https://futures.io/trading-journals/26168-day-trading-using-basis-mack-s-pat-teachings.html

https://futures.io/elite-trading-journals/29780-day-trading-es-s-p-500-futures-contract-pats-style-1-point-time.html

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  #22 (permalink)
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FYI traders at prop firms doing volume will have c. 40c RTs on ES. Most use some form of averaging.

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  #23 (permalink)
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Another problem with this strategy is in a fast moving market, you won't even get fill confirmations until you're > 20 ticks offside.

You could try exploring your strategy on a thinner market where queue position isn't so important

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  #24 (permalink)
Market Wizard
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jadynb View Post
Another problem with this strategy is in a fast moving market, you won't even get fill confirmations until you're > 20 ticks offside.

You could try exploring your strategy on a thinner market where queue position isn't so important

Not sure what market your even talking about. With a good broker/order routing service fill confirmations for the ES are on the order of milliseconds. ES and "fast moving market" should never appear in the same sentence

Be Patient and Trade Smart
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