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My ES Scalping Strategy, 2+ pts/day
Started: by jwdixon Views / Replies:70,342 / 185
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My ES Scalping Strategy, 2+ pts/day

  #21 (permalink)
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jwdixon View Post
Now this will be the last post this weekend, I want to read some others and I do need to get away from the screens a little…lol


I am no expert in this matter, I bet almost anyone is more qualified than me to try and teach this subject. I will just say this is where I carry my baggage….I have lost so much money in the past that now I am so risk adverse that sometimes I cant even get into my own trades…..always looking to get the best fill possible that I don’t get filled. I have learned for me that I need to exit a majority of my position with some profit when I get it so I can relax a little and enjoy the trade. I have traveled to a traders house and watched his as he was short over 100 ER contracts (back in the day) almost all day, he could add to his position exit some and get right back in with more and be calm as the lake at midnight…that was him, not me. I will probably never have as much money as him because of this, I am trying to work on it, I think this month long exercise will be good for me because I want to show you the trades and I should be able to at least follow the simple money management rules I do have.


What you see me trading is just what I have come to find fits in my comfort zone. I’m sure I could make more money changing things a little but then I find I cant take the trade. About the only real advice I can give on this LARGE subject is find someone that is good at it and learn from them, but at the same time you have to be comfortable with whatever you end up doing. I tried to follow some ones system, and because I paid for it I felt the need to do it, ended up with some losses that were way too big for my bank roll and only added to my current problem with letting the winners run…..


Hope my posts can help someone, if nothing else it is helping me….HAVE A GREAT WEEKEND, post Monday afternoon….

JW,

I am sure a lot of traders can identify with a number of issues you have brought and I, personally, feel for you.

However, there is one issue that you did not mention,and in my opinion, the most important.....MONEY MANAGEMENT.

Could you tell us a little about your strategy?

Trader.

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  #22 (permalink)
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JW,

I just read through your thread. Thanks for starting it. I'm going to be following closely. This looks like a strategy I could trade on the go.

Thanks again,
rptrader

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  #23 (permalink)
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Hey JW


I am glad I finally found someone that trades ES. So do I.

My thread is here...

https://futures.io/trading-journals/10448-paradigm-shift-hard-right-edge-4.html


I will be following along...

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  #24 (permalink)
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Just back from running the business, taking the oldest girl to the airport so she can go see a "Boy" for a week.....am I in trouble????? Will post a chart late afternoon and I am working on getting sound onto video, I am loving watching the videos on other threads and I should get to it soon, easier and more info....

Thanks for the comments will get to those also

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  #25 (permalink)
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Futures Edge on FIO
Here is my first attempt at posting a video, we will see if it works.....

6-6 Video 1 - jwdixon's library

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  #26 (permalink)
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OK....That seemed to work, sound is a little low but you can hear something....I think I am limited to 5 min. videos with jing so I will try and do 1 a day. If you have any trade set up questions that you want me to try and address, post it and I will do my best.

I was asked what I use for my money management...... not much, about 5 years ago I made a word doc, to help motivate me to stop trading when I got to 2 points and this is what I came up with. I have it printed in color, right in front of me, all day and night, I can't miss it, so it gets drilled in to my little brain. I am a creature of habit, and I have not really increased my contract size according to what I wrote up, but right now with all the distractions I am comfortable with trying to make 2 points a day. The main thing for me is not to take many losses, so I sometimes miss trades (like today) but its better for me to miss a trade than just jump in and take a loss. Last week was only half of what the "GOAL" is but didn't get trades off 2 of those days.

2011-06-06_1534 - jwdixon's library

I will post the word doc also, so you can modify it to your liking....

Attached Files
Register to download File Type: doc Why you only need to trade for 2 net points ES.doc (50.0 KB, 436 views)
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  #27 (permalink)
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mmaker View Post
I am glad I finally found someone that trades ES. So do I.

My thread is here...

https://futures.io/trading-journals/10448-paradigm-shift-hard-right-edge-4.html


I will be following along...

Thanks mmaker, I started to read your today, looks good, I plan on keeping tabs on yours also.

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  #28 (permalink)
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jwdixon View Post
Here is my first attempt at posting a video, we will see if it works.....

6-6 Video 1 - jwdixon's library

JW,

I just watched the video. It was good. I really like your method. It's simple and easy to follow. Would it be possible to post your chart template for the renko and the tick charts please? I tried downloading it from Post #2 but it didn't work. Plus you've added the Ichi Cloud now.

Thanks
rptrader

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  #29 (permalink)
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rptrader View Post
JW,

I just watched the video. It was good. I really like your method. It's simple and easy to follow. Would it be possible to post your chart template for the renko and the tick charts please? I tried downloading it from Post #2 but it didn't work. Plus you've added the Ichi Cloud now.

Thanks
rptrader

OK....here are the two templates that I work off of, if the cloud indicator in not on the chart I am just using the default setting, I add it and take it off during the day if I am at the desktop, I am starting to like the range it gives me....

I am using 7......5 so I hope this might help...

Attached Files
Register to download File Type: xml ES LT Renko.xml (27.0 KB, 261 views)
Register to download File Type: xml ESTrading 350 tick.xml (33.3 KB, 209 views)
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  #30 (permalink)
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jwdixon View Post
OK....here are the two templates that I work off of, if the cloud indicator in not on the chart I am just using the default setting, I add it and take it off during the day if I am at the desktop, I am starting to like the range it gives me....

I am using 7......5 so I hope this might help...

Thank you. I'll give it a try and see what happens.

rptrader

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