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

  #151 (permalink)
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Monday - Thursday trades

I have been almost too busy to trade, also I was turned onto a new UniRenko bar that has a thread on futures.io (formerly BMT)....I love this bar and the way it works with what I have already been doing....THANKS MONPERE....awesome stuff! I have been in a state of confusion all week as to what chart I liked the best and found myself "watching too much" to react fast enough to scalp just a few ticks and ended up not hitting DG most days. Thats OK, I was real busy and I learned a lot watching this bar type all week.

I am just posting pictures of the chart I think I am going to be watching/trading with along with the 40t better line break chart I like... I also watch a chart 2 times this size as a trend reference.....no indicators on it just bar structure....

Attached Thumbnails
My ES Scalping Strategy, 2+ pts/day-monday-1.jpg   My ES Scalping Strategy, 2+ pts/day-tuesday-12-4.jpg   My ES Scalping Strategy, 2+ pts/day-wednesday-12-5.jpg   My ES Scalping Strategy, 2+ pts/day-thursday-12-6.jpg  
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  #152 (permalink)
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Friday 12-7

This friday ended up being a good friday for me, I think I have narrowed my charts down so I can start trading again. Today I missed several great trades by not taking the early entry location like I know I should, still a little fear in order placement and the additional risk I might have to take with that entry. I plan on a lot of market replay this weekend to get better at my order placement, only problem I have with that is when I go back to real "time", it seems like some trades can take forever.....

Have a good weekend and Good Trading!

Attached Thumbnails
My ES Scalping Strategy, 2+ pts/day-friday-12-7-1.jpg   My ES Scalping Strategy, 2+ pts/day-friday-12-7-2.jpg   My ES Scalping Strategy, 2+ pts/day-friday-12-7-3.jpg  
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  #153 (permalink)
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Monday 12-10 trades


Today I ran my automation strategy for the first time live, as you can see from the charts I posted I am basically watching the exact same things just on different chart types, each chart gives me a different view of what the market is telling me. Having the same colors and indicators on each chart keeps it simple for me to keep my trading entry rules the same over all the different chart types.

Each chart has its good and bad points so I still dont know what chart I favor, I think manually entered trades the 578 tick chart still rules, I know when the bar will close so that helps in knowing when to place the order but sometimes the extra bars it plots can look like chop and get confusing, the BetterLineBreak chart is a little smother and shows chop well, but can get you into a trade late sometimes giving you more risk. The UniRenko is a smooth looking, easy to watch chart, but I cant always get a fill by the nature of how the bars print.

So now I am just watching each chart for something a little different, trying to put into perspective the good points each chart has to offer...but they all sorta look the same so I can still see my setup and react in a timely manor. Mondays and Fridays seem to be my harder days to show a profit, I am happy with todays results and also in the performance of the strategy, I know if I had taken that short trade manually I would have gotten stopped out for my standard 6 ticks, with the strategy running on the smoother UniRenko chart it did its job and found the next setup faster than I could have and reacted MUCH fasert than I could have with that break up move in regards to exiting the prior short trade!

Working nights, so back to bed for a bit...

Good trading!

Attached Thumbnails
My ES Scalping Strategy, 2+ pts/day-monday-578t-1.jpg   My ES Scalping Strategy, 2+ pts/day-monday-blb-chart-2.jpg   My ES Scalping Strategy, 2+ pts/day-monday-unirenko-1.jpg  
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  #154 (permalink)
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Tuesday 12/11

Today I only got 2 trades placed/entered in the market for a +1 tick to cover costs...BE, better than a few losses. Overall I'm not happy with my performance today, I turned off the auto entry that would have gotten me into that great long trade, again I guess I was trying to predict what might happen today instead of reacting to what is happening.... This might be part of trying to read price action at the moment and combine that with pretty well defined entry rules, it can bite me some days.

For some reason the market seemed real slow to me, I got up about 3 min before the open so I wasnt really with it 100% while trading. By looking back at the charts I have a different view of what I shoulda/coulda done.....and I did go back to sleep to soon...

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My ES Scalping Strategy, 2+ pts/day-tuesday-12-11-1.jpg  
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  #155 (permalink)
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Friday 12-14

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Thursday was contract roll over)) and was also my travel day back home so no trades for me, I did have some on wednesday, I will try and post them this weekend, if I can find the time.

Today I ran the strategy on the better line break chart, to see if the fills would be better than the Unirenko, as you can see from the chart it was 3-0 for the trades I caught and would have been 6-0 if I was able to stick around and did not turn it off. Finished +9 ticks today another good friday for me.

I will try and get the little logic error fixed from having to take a trade in each direction when set to 1, to having a valid setup in the opposite direction (even if not filled, for when I turn it off and on and missed limit fills) before taking another trade in the same direction....should be easy fix.

Have a good weekend, I get to see my college girl this weekend and for the holidays....she might get board at home but we will enjoy having her here! I hope to get the time to teach her to trade, at least a start....

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My ES Scalping Strategy, 2+ pts/day-friday-12-14.jpg  
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  #156 (permalink)
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Friday UniRenko chart

I thought I might post the UniRenko chart real quick for a comparison... It looks like I could have had the same results just a bar or two later....limit fills I have not checked yet, I will have to go back to a tick chart to try and find out...

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  #157 (permalink)
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Monday 12-17

Monday morning trades....as you can see I turned on the auto trader right at the open and it sold the low tick....mistake on my part some what...then when I got long I moved PT to 6 ticks to get to BE +1....then it was a long wait for the short but got +3 there....done trading for the morning, with what seems to be real low volume. I might not trade after tuesday if it feels the same.

Good trading!

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My ES Scalping Strategy, 2+ pts/day-monday-12-17.jpg  
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  #158 (permalink)
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Tuesday 12-18

As you can see I was trading the BLB chart today. The first trade was going real good, I set PT at 10 ticks thinking we could get a better break lower, it turned and hit my 6 tick trail stop so BE on that trade. Next was a long that I wanted to get 6 ticks out of, I dropped it back to 3 after I saw only a 1 tick break up of the high, of course I did that just a moment to soon and should have had 6 ticks. Next trade was the short and ended up only +1, after hitting +3 ticks and and then the trail stop almost being hit I moved the PT to +1 to cover costs, I also had to run the kids to school....again just a moment to soon.

I finished only +4 today in this 4 point range...not bad I guess but I should/could be up +6,+6,+3....so not great trade management on my part, but real time trading is what it is....You can see if I had been trading the 578 today performance could have been a little better.

If I trade real money between now and new years I will post but I will probably just watch a little each day and not trade....enjoy the Holidays and New year!

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My ES Scalping Strategy, 2+ pts/day-tuesday-12-18-1.jpg   My ES Scalping Strategy, 2+ pts/day-tuesday-12-18.jpg  
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  #159 (permalink)
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Inspirational!!! Thank you for sharing it!!



jwdixon View Post
Here are some of my thoughts on trading, this is from experience (some costly, “tuition” of learning to trade).


A little history on my trading, about 15 years ago I started with commodities trading off charts that came to me in the mail on Mondays, no online trading then. My best trade was a single coffee contract long ($750 margin) off a daily 1,2,3 bottom…..3 days later it was worth 19k, called the broker to sell it for me and the guy that took it to the other desk scalped me for 4K, needless to say I wasn’t happy. I was told, that was how it “worked”. This started me in the direction of day trading, I want to know right now where I am in the trade, I like getting in and out when and where I want! It took a few years for on line trading to make it possible for me to trade from home, but it is great, now I can do it from anywhere…..

Then came the education everyone talks about, I spent over 30K on everything you can think of to learn how to trade, some stuff OK, most you can get free if you know how to look or ASK. Also with the “training” came all the losses with me trying to follow someone else and all the ”fluff” on the charts. After a while I turned it all off, I mean all of it, people, rooms, indicators……and just watched the market.


If you get to the point where you are tired of losing and paying everyone else to learn to trade, that is when (I think) you become open to the thought that you CAN and WILL do it on your own, perhaps a few good ideas from others, a few tricks or things that WORK for you and your trading style. This took me a while to figure out on my own, that is the main reason I wanted to start this thread, perhaps I can give just one idea or trick or just save one person a few $$$$ in the process.

If I had to say the one thing that changed it for me it would be, KEEP IT SIMPLE. I know we have all heard it, but we don’t do it! We keep looking for the next indicator that will filter out that one loss a week….hehehe……I know because I did it for years, just look at your current chart, look at charts posted everywhere on the internet…..so much stuff you can’t see the price bars, not to mention you have to process 10-12 things before you make a trade, after you go down the 5 item check list and “rate” each indicator before you place that trade, but don’t forget you also have to know your exits and your profit targets..….by then…….YOU MISSED THE TRADE, if you are a “Day Trader”. I might be getting a little carried away but everyone knows what I mean, some of that is needed, but not most of it.



1 Screen time with the market you want to trade is most critical, you also need to figure out the time frame you like ( watching all day or make your money in 1-2 hours) and watch charts with that in mind so you get the feel for that market.


2 Next you need to find the time of day that works for you, I used to sit from pre market to well after the close watching 4 monitors, 3-4 markets, 50 indicators trying to "find" a trade when they were everywhere, I just could not see them, winning some, then giving it ALL and then some back by the end of the day, DON’T DO THAT, if you Win “call it” before you can give it back, if you LOOSE stop so you can trade the next day.

If you watch my trading for vary long you will find I tend to exit early way too often, that comes from losing too much money in the past and then when I get into a winning trade all I want is to get out because it is a profit. That is not really the best way to trade but that is my baggage and I am trying to work on it, you need to know your strengths and any baggage you have and work with them in your trading, if you try to change too much too fast you will lose, that is the biggest reason I like the ES, I can have 3-4 trades in 1-2 hours. I also trade the spot Forex and it kills me sometimes “watching” the bars build over what seems like hours to just get 5-10 pips sometimes. That is me, and I have had to learn to live with that, now I just fight the markets instead of the markets and ME…..sorry about some of the rambling and miss spellings,


That’s some of my story and I’m sticking to it…..


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  #160 (permalink)
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I'm assuming this strategy is working out. Has anyone automated it?

I automated a similar strategy, but didn't seem to profit:
https://futures.io/ninjatrader-programming/24425-new-strategy-coding-help-4.html#post281580

His entry rules were that if in a downtrend (price below 21 DC) and it reverse (price travels 8 ticks above the DC mean), send a buy limit order 1 tick above the DC mean and wait for a fill. Update the limit order price as the DC mean changes, keeping it 1 tick above the DC mean. Vice versa for short entries.

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