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My ES Scalping Strategy, 2+ pts/day
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My ES Scalping Strategy, 2+ pts/day

  #111 (permalink)
Elite Member
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Futures Experience: Intermediate
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Opinion #1 ....

Trying to keep my mind off things....If you have been following this....I am working on the next major up grade...I need to find the will power and ability to land larger profit targets when warranted. I have been watching the ATR at the time of entry and seeing that a majority of the time they can be hit. I am thinking about splitting my PT's and going back to what I did in the past....2/3 at 3-4 ticks and remainder at larger PT. If you study the charts and entries along with how fast the maximum risk/stop trails I think I am almost always 1/1 or better, and with a little "Chart Motivation" by the new plot I might be able to do a lot better.....

If you would, vote (thanks button) for the option you like the best. Option 1 this post or Option2 on next post....I am assuming the programmer can get close with each one...I cant decide which one I like BEST...

Thanks

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  #112 (permalink)
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Opinion #2

Here is the other way I visualize this being done simply....

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  #113 (permalink)
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Monday morning....day before elections....market seemed real slow.

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  #114 (permalink)
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Stay in the game longer

Hey jwdixon!

Love your accountability to the forum and love your thread. My system is very similar to yours. I also trade the ES off the 2 tick Renko with EMA vs. your Donchian. Following your system, I've found our entries are very close to the same. One of the things I've done to stay in the those "runners" is setting up an ATM strategy in the Ninjatrader Dom. Split your contracts with equal stops and push out your second target a little further. When your first target is hit, set the stop to break even on the remaining contracts. Move your target 2 further out as the trend continues to run. As the trend progresses, I move my remaining stop to just the other side of my EMA (your Donchian Channel). This locks in your profits and allows you to follow a runner all the way to the end.

Hope this helps lock in some extra ticks!

FD

btw, I used to be in the recycled oil business too! Used to go to all the NORA events. Chances are, we've run into each other.. small world.

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  #115 (permalink)
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Monday

Hello,
Sorry I have been gone for awhile.....its always tough dealing with the early loss of a family member....
Something we were all able to take from this was, he passed on his own on a Saturday, we kept life support on until sunday when they would be able to harvest any usable organs..... we were told they hoped they could get 1-2 usable, we thought that would be great. Turns out that Sunday they were able to use 7 of his and he was even able to save an older man in the ICU across the hall from were he was, with our loss he was able to save the loss of 7 other people we hope....

On top of all that I have been on a mission to get more ticks out of this market....and its working! I will go into more detail over the holiday as I will have time to show charts and rules....cant stand to just sit around....

Attached Thumbnails
My ES Scalping Strategy, 2+ pts/day-es-12-12-578-tick-11_19_2012-monday-morning-1.jpg   My ES Scalping Strategy, 2+ pts/day-es-12-12-578-tick-11_19_2012-monday-morning-2.jpg  
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  #116 (permalink)
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Ok, here is something for you to consider...I am currently trading this new setup, last week when I was watching and trading I was having a hard time. As Mark Douglas talks about in "Trading in the Zone", as soon as you start looking to other indicators for confirmation "for" or "against" the trade, your mind becomes conflicted, then FEAR sets in and you don't or can't do anything....that was me for a few days until I got my rules and got used to seeing everything real time.

I am able to see everything real time now, and trading with these additions has once again become natural to me....also catching a few great runners. For the last few months I was "Fine" with 4-6 ticks a day for a paycheck....then I started marking my charts and posting them for me as a journal and others to perhaps learn from, after looking at my entries and my exits I began to see how bad I was on my exits. In my quest to get better without adding too much to watch real time, this is what I have come up with.

Now I don't think sharing this can cause a problem with people trying to get into the trades at the same time, I don't plan on sharing My Exact Settings, and when you look at the 2 HA indicators there are so many options we can all be trading something slightly different....

You will also see that I like entries off of several different charts. What I hope to do is give you some options and then YOU can find settings that work for you and your trading style. If I post a "Template" it will be the standard settings for the two indicators then from there you can study and find your own settings....I will also down load another version of my DC channel indicator to the Elite Section when I get my laptop back, this will be the one you see me using with the swing move numbers and the back ground color plots, etc...

I hope to continue posting charts and showing you what I am doing with my current rules, I am always looking to improve my set-ups, as a scalper I have to have good entries with as little risk as possible, and then trade management becomes the most important! I have "Trading in the Zone" as an audio book, I listen to it at least 1 time a week, so much good information and this is probably the one thing that keeps me consistent in my trade execution....

Any comments or questions feel free to ask, and over the next few days I will post more...

Attached Thumbnails
My ES Scalping Strategy, 2+ pts/day-basic-entry.jpg   My ES Scalping Strategy, 2+ pts/day-everything-1.jpg   My ES Scalping Strategy, 2+ pts/day-range-bar-example.jpg   My ES Scalping Strategy, 2+ pts/day-better-line-break-1.jpg  
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  #117 (permalink)
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Indicators

Hi Dixon, I am unable to find the 2 new indicators you added to your charts. anaHeikinAshiPaintBars and RwbHA. I searched through the elite download section but cant seem to find it. When you get a change, can you provide the links to those indicators pls?
Thanks

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  #118 (permalink)
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bmt2 View Post
Hi Dixon, I am unable to find the 2 new indicators you added to your charts. anaHeikinAshiPaintBars and RwbHA. I searched through the elite download section but cant seem to find it. When you get a change, can you provide the links to those indicators pls?
Thanks

I sent you a PM....but I did find them.... "HeikenAshi v4" is on page 3 in the normal down load section under NT 7 indicators.... "Heiken Ashi with colored tails" is in the elite section on page 23..... this might change as new indicators are added but you may be able to search by that exact name....THANKS again goes to those people you put these great things for all to use...THANKS!!!!

For those that can get both indicators here is a template that will put both indicators on top of one another as you see in my charts....it get tricky to build the chat on your own. The one thing you do need to do after you open that template is single click on the candle bars...then hold the shift key as you scroll your mouse wheel...do this until the candles are under any other indicators you add and until its under the price bars....This is how you change the "Level" of the indicators on your chart so you can make what you want to see stand out (on top)....

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  #119 (permalink)
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Last post tonight just in case some of you start playing and watching this real time...here is what I look for when finding the settings I will use on any one of my charts....focus on the bad times to trade, the easy wins stand out and everyone wants those, the problem is, when you decide its time to trade that is always when the market starts to "stink"...at least for me, the first trade is almost always a loser....LOL

So this happens to me enough to know I want my entries to always limit my risk, so I try and focus on the losers, just to make sure that I wont lose the farm if I take a few losses in a row before the real winners come, and if you look at enough charts you know they will come, but when...so you better be able to still trade when they do!

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  #120 (permalink)
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template



jwdixon View Post
I sent you a PM....but I did find them.... "HeikenAshi v4" is on page 3 in the normal down load section under NT 7 indicators.... "Heiken Ashi with colored tails" is in the elite section on page 23..... this might change as new indicators are added but you may be able to search by that exact name....THANKS again goes to those people you put these great things for all to use...THANKS!!!!

For those that can get both indicators here is a template that will put both indicators on top of one another as you see in my charts....it get tricky to build the chat on your own. The one thing you do need to do after you open that template is single click on the candle bars...then hold the shift key as you scroll your mouse wheel...do this until the candles are under any other indicators you add and until its under the price bars....This is how you change the "Level" of the indicators on your chart so you can make what you want to see stand out (on top)....

JW, thanks for sharing your template with us. If I may ask how would I change the horizontal grid lines you have. I mean for example you have 20 ticks on CL and you wanted to move them to 30 ticks how would I do that.

Thanks
Hector

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