My ES Scalping Strategy, 2+ pts/day - Emini Index Futures Trading | futures.io
futures io futures trading


My ES Scalping Strategy, 2+ pts/day
Started: by jwdixon Views / Replies:70,265 / 185
Last Reply: Attachments:135

Welcome to futures io.

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.


You'll need to register in order to view the content of the threads and start contributing to our community. It's free and simple, and we will never resell your private information.

-- Big Mike

Reply
 135  
 
Thread Tools Search this Thread
 

My ES Scalping Strategy, 2+ pts/day

  #71 (permalink)
Elite Member
Australia
 
Futures Experience: Intermediate
Platform: Ninja
Broker/Data: Dorman
Favorite Futures: ES
 
Arno66's Avatar
 
Posts: 18 since Jan 2010
Thanks: 645 given, 25 received


jayminho View Post
ohh boy..
thats just funny..

when i first saw your topic, i commented but didnt follow it..
so today i got in here and started reading from page 1 to 7.. and along the reading i started to see so many things in common,

- the renko charts (okay, thats just the obvious one)
- the 2-3 ticks exit
- the lack or few money management
- the amazing ability to miss big runs in trends (whether they are up or down)

i have also realized some differences, like your story through trading, and the way you usually get out of a trade, by allowing one one final contract to keep running .. i dont. i just buy all them at once and sell all of them at once.

however, the similarities are much stronger, so lets focus on them..
so right after finishing reading i decided to plot your setup in my 2 renko chart
guess what i found ?
your 10 and 21 doch, match exactly my 10 sma and 60 linear regression lines i use.
we basically get the same entries and exits, not to mention our 2-3 ticks out
the only difference is you use another criteria to get in, something to do with spaces, as far as i have understood

go ahead and try plotting a 10 sma at your chart and a 10 dochanian and you will see how it perfectly matches, they are almost the same thing.
now put a 60 linear regression, thats where difference kicks in, in some cases your 21 doch manage to get a reverse faster than my 60 linreg , some other times i manage to get the reverse before you do.
interesting, isnt it ?


i guess a picture worths a thousand words..

What size is your initial stop loss?

Reply With Quote
 
  #72 (permalink)
Elite Member
Dallas,TX
 
Futures Experience: Intermediate
Platform: NinjaTrader, OpenQuant
Broker/Data: Zaner/Zen Fire
Favorite Futures: ES,6E,6B,GC,CL
 
Posts: 590 since Nov 2009
Thanks: 176 given, 115 received

could you pl explain why is there no arrow at 10.12 and 12.54 in this chart,

https://futures.io/attachments/39506d1306623112

could you pl explain why is there no arrow at 10.12 and 12.54 in this chart, when DC went below and over like you said the rules. appreciate your response,. thks


jwdixon View Post
Hello,

First time trying to teach the way I trade the ES. I have been trading the ES for almost 10 years now, full time from 02-07, then started another business and then traded it part time up to now. Years ago I could hardly see the price bars under all the indicators "I had to have to trade", needless to say I never really made a lot of money that way. I have tried almost everything under the sun to make money, now this is my opinion but price rules and anything you look at should only help you confirm what you SEE on your chart already.

Scalping the ES can be fast and deadly if you don't already know what you need to do, before price gets to you! Nothing can help you more than knowing how the ES moves, and the only thing that can teach you that is TIME watching and SIM trading. Over the next few weeks I will attempt to show, educate, and teach how I scalp the ES for 2 points a day. Anything I say is just my opinion, right or wrong, not trying to get anyone upset.

For my set up, I tend to FAVOR the FIRST pullback after a TREND CHANGE. Depending on how the day is shaping up helps me decide if I will take the 2nd or 3rd set up in that trend. Please REMEMBER when I am Scalping, a TREND might last only 5 minutes, so don't get married to any 1 trade.

Money management: I hate to teach this, that is up to you, I will give you the guide lines that I tend to follow. I like to get in and out fast, I like to take money off the table when I have profit. I tend to exit 2/3 to 3/4 of my trade at 2-3 ticks, hold the rest for 6 ticks after a BE stop....That's me, as you get a feel for this you need to see what works for you.

Charts: "Trend Chart", I use a Renko 2 tick size box
"Trading/Entry Chart", I like the 350 Tick

Trend: If the Renko Bars are Above the the Dark Brown 21 Donchian Channel "Mean" line = UP TREND
If the Renko Bars are Below the the Dark Brown 21 Donchian Channel "Mean" line = DN TREND
You should be able to "SEE" this, when bars are trading around the line, be careful, just wait, the trade WILL come!

Pull Back = Renko price bars are trading back near the orange 10 DC Mean line and the 21 Mean line

Long Entry = When the Renko chart breaks out from below the line to above the line, then shows a pullback to towards the lines look at your 350 tick chart......IF the upper Donchian Channel (DC) has moved up, AND you can SEE SPACE between the price bars and the DC mean line then enter your trade entry at or a tick above the 21 Mean line for your entry. Picture are worth 100 words so I will try and teach off the charts.

Short Entry = When the Renko chart breaks out from above the line to below the line, then shows a pullback to towards the lines look at your 350 tick chart......IF the lower Donchian Channel (DC) has moved down, AND you can SEE SPACE between the price bars and the DC mean line then enter your trade entry at or a tick below the 21 Mean line for your entry.

Thanks
Jeff Dixon

You can post questions/charts here and I will do my best to answer them for you, I work from about 4 in the morning to 4 in the afternoon, and I trade off my iPad during the day, but I will get to you.

I will attempt to attach a workspace or at least the two chart templates for your ease.


Reply With Quote
 
  #73 (permalink)
Elite Member
hell de janeiro
 
Futures Experience: Intermediate
Platform: ninjatrader
Broker/Data: mirus + zenfire
Favorite Futures: guitar
 
jayminho's Avatar
 
Posts: 54 since Mar 2011
Thanks: 7 given, 20 received



Arno66 View Post
What size is your initial stop loss?

i dont have a fixed one. but we can say, 9 ticks.. its usually where the reversals in my chart happens

Reply With Quote
The following user says Thank You to jayminho for this post:
 
  #74 (permalink)
Elite Member
Australia
 
Futures Experience: Intermediate
Platform: Ninja
Broker/Data: Dorman
Favorite Futures: ES
 
Arno66's Avatar
 
Posts: 18 since Jan 2010
Thanks: 645 given, 25 received


jayminho View Post
i dont have a fixed one. but we can say, 9 ticks.. its usually where the reversals in my chart happens

Thank you.

Reply With Quote
The following user says Thank You to Arno66 for this post:
 
  #75 (permalink)
Elite Member
Denver Colorado
 
Futures Experience: Intermediate
Platform: Ninja trader
Favorite Futures: ES
 
jwdixon's Avatar
 
Posts: 110 since May 2011
Thanks: 104 given, 343 received

Futures Edge on FIO

emini_Holy_Grail View Post
https://futures.io/attachments/39506d1306623112

could you pl explain why is there no arrow at 10.12 and 12.54 in this chart, when DC went below and over like you said the rules. appreciate your response,. thks

Both are valid set-ups, the first is just outside "my" normal trading time, that is about NY lunch. The second is also a good set-up I just did not make the afternoon set-ups. I like the afternoon secession if I have not gotten close to my DG and I find the time to trade. I hate giving any money back so I will usually pass on the afternoon if I get close to DG in the AM secession.

Thanks good question, also I have never tried to teach how I trade, so this first post and several after I'm sure are confusing and missing things....

Reply With Quote
The following 2 users say Thank You to jwdixon for this post:
 
  #76 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 45,797 since Jun 2009
Thanks: 29,090 given, 81,351 received




Good luck to all!

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #77 (permalink)
Elite Member
reston, va
 
Futures Experience: Intermediate
Platform: ninja
Favorite Futures: ES
 
cory's Avatar
 
Posts: 5,122 since Jun 2009
Thanks: 616 given, 6,161 received

Renko does a good job of taming the wild Cl movement, Don mid line(10) shows the short term trend.

Attached Thumbnails
My ES Scalping Strategy, 2+ pts/day-cl-08-11-5-renko-7_1_2011.jpg  
Reply With Quote
The following 3 users say Thank You to cory for this post:
 
  #78 (permalink)
Elite Member
Chicago, Illinois
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: AMP/ZENFIRE
Favorite Futures: 6E
 
Posts: 134 since Mar 2011
Thanks: 431 given, 64 received

Chart Setup

JW-
Great thread. Where on the thread do you show how to setup charts without a template. You have 2 DCs on each chart. Are you turning some lines off?
Thanks

Reply With Quote
 
  #79 (permalink)
Elite Member
Chicago, Illinois
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: AMP/ZENFIRE
Favorite Futures: 6E
 
Posts: 134 since Mar 2011
Thanks: 431 given, 64 received

Getting on Trend

Somethings you might consider for joining and staying with trend (saw your video):
1. MACD BBs Join trend when BB dots move past upper Bollinger band on the indicator
2. Jeffs CCI When 34 CCI is staying above 0 line wait for 6CCI to go below 0 then back up through it. Indicator prints a dot.

Will try to attach.

Attached Thumbnails
My ES Scalping Strategy, 2+ pts/day-bb-macd.pdf  

Last edited by Big Mike; July 9th, 2011 at 03:35 PM.
Reply With Quote
The following user says Thank You to wireford for this post:
 
  #80 (permalink)
Elite Member
Chicago, Illinois
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: AMP/ZENFIRE
Favorite Futures: 6E
 
Posts: 134 since Mar 2011
Thanks: 431 given, 64 received

PDF has Section on MACD BBs


JW-

This stuff might be of interest. Good description of Macd BBs.

Reply With Quote

Reply



futures io > > > > My ES Scalping Strategy, 2+ pts/day

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)
 

Mastering Trading Pysychology w/Brett Steenbarger & Trading Technologies

Elite only

Spring Grains Outlook w/Sean Lusk @ Walsh Trading

Elite only

FIO Video Journal Challenge featuring NinjaTrader ($2,000+ of prizes)

April

Process above all else w/Anthony Crudele @ Futures Radio Show

Elite only

Machine Learning - Quantitative Trading w/Martin Froehler @ Quantiacs

Elite only

Ask Me Anything w/Patrick Rooney @ Trading Technologies

Apr 18

Ask Me Anything w/FuturesTrader71

Apr 19

Machine Learning w/Kris Longmore

Elite only

Market Analysis w/Dave Forss

Apr 25

Introducing iSystems with Stage 5 Trading

Apr 27
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Indicator that alerts me when candle is 10 pts or bigger wallsteetking NinjaTrader Programming 6 February 26th, 2015 01:50 PM
TMNT's Trading Journal: ES 5m candle, Price Action scalping tmntrader Elite Trading Journals 20 August 12th, 2011 03:37 PM
2 Points per day from ES?? tammyd549 Emini Index Futures Trading 64 July 19th, 2011 07:47 PM
I need tick file of one day of history of ES for testing Crassius NinjaTrader Programming 2 February 27th, 2011 07:22 PM
Interesting video scalping ES... Jugador Traders Hideout 45 May 13th, 2010 08:38 AM


All times are GMT -4. The time now is 02:38 AM.

no new posts
Page generated 2017-03-23 in 0.12 seconds with 20 queries on phoenix via your IP 54.145.208.160