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My ES Scalping Strategy, 2+ pts/day
Started: by jwdixon Views / Replies:68,207 / 185
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My ES Scalping Strategy, 2+ pts/day

  #91 (permalink)
Trading Apprentice
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jwdixon View Post
Wow I have not been here in a long time, sorry I cant help you too much with meta trader charts and what might work. I have tried to simplify my trading even further now that I am using a small laptop...I am posting a few pictures so you can get an idea of what I am doing, so you can look for indicators that will work on your charts. Like I said before (I think) you just need to find what works for you, time frames and chart patterns with simple indicators that you can use to "see with" and get the confidence to trade with.....


Hi jwdixon
thank you for all,

I looked your method and I think understanding this one,
but for the moment I'm always on metatrader and so, I don't have access to some indicators, ...

So currently, I stay with your old method and I study it with the tools which I have for the moment

TY

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  #92 (permalink)
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Those numbers are just for the length of the move or the breakout......I like to see a 5-6 tick move if possible to see if we are starting going into a trading range, I am also using those in hopes of finding additional trade set ups and "to far to fast moves"

As for my trade setups I enter on a price breakout, the ADXVMA line I use to determine if I am going to trade at all and if so what entry dot will be used for order placement.....

The next version of the indicator will show the background color of the breakout bar according to the trend and my entry rules so all I will need to do is click on the correct box for order placement and then move my stops and targets as I wish.....as I post more charts I think things will become more clear.

I am showing the entries as those blue and red(loss) boxes in the charts so you can see them easier....

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  #93 (permalink)
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Monday morning trades, again I proved to myself that mondays are not some of my best days. I did make several mistakes which I pointed out, I guess after looking at my charts all weekend all I wanted to do is try the "new" set ups live without trading them simm for a few days....

Over all not as bad as it could have been had I gotten to scared to take my real trad set-ups, and if I had not made the mistakes would have been able to stop trading a lot earlier.....must learn to stick with what I know....

At least by posting I am drilling this into my head, seems to help things stick a little better...

Attached Thumbnails
My ES Scalping Strategy, 2+ pts/day-es-12-12-578-tick-10_22_2012-1.jpg   My ES Scalping Strategy, 2+ pts/day-es-12-12-578-tick-10_22_2012-2.jpg  
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  #94 (permalink)
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Ok here are the potential trades for the rest of the day, I wont do this every day, but I thought this might help me and some of you to see what is or is not possible by having a total mechanical entry system. I do try and watch price formations such as double tops and bottoms, low and high of day BO's etc. and these will influence my decession to trade or not to trade. In real time I dont always see them and I still seem to "filter" information that is "painful" as Mark Douglas talks about, but I am getting better at not "Having to Know" what will happen next as I know I have an edge as I perceive it....lol, so I just try and trade what I see at the time...

Good Luck in your trading!

Attached Thumbnails
My ES Scalping Strategy, 2+ pts/day-es-12-12-578-tick-10_22_2012-3.jpg   My ES Scalping Strategy, 2+ pts/day-es-12-12-578-tick-10_22_2012-4.jpg  
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  #95 (permalink)
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Futures Edge on FIO

Which products do you trade?

 
Tuesday proved to be better for me....stopping for now, lots to do....When I look back at my entries and then where I almost always get out I do kick myself for not having the confidence to hold trades longer. I see that it hits 7 ticks soooo many times but I just cant seem to hold out for it, someday!

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My ES Scalping Strategy, 2+ pts/day-es-12-12-578-tick-10_23_2012-1.jpg  
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  #96 (permalink)
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Wednesday morning 2 trades, I have to leave for a few hours....I was able to hold this second trade for a full 8 ticks....I am hoping to get better at this....If you have questions feel free to ask, and if you see something I can make better please let me know....Thanks

Attached Thumbnails
My ES Scalping Strategy, 2+ pts/day-es-12-12-578-tick-10_24_2012-wed-morning.jpg  
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  #97 (permalink)
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Im going to down load a spread sheet I made up to give me an idea of what is possible, if I was able to trade consistently with an average tick daily gain....

You can change any of the 4 purple boxes to any input you want, note I usually make the the two on the left match so I would always start at 1 contract and build from that point. If what ever system I start trading if I cant do it with one I cant do it with 10 no matter how big my account is, second thing is if I waited until I made $3500 to increase contracts it would seem like a life time so I try and make that where if I prove to myself I can make "x" ticks per day for a few weeks then it might be time to increase.....

I locked the spread sheet so I wouldnt change boxes on accident.....the unlock code is "emini", I did this myself and I know some things might be off but its a start if you know what your doing to change things around.....

Attached Thumbnails
My ES Scalping Strategy, 2+ pts/day-simple-spreadsheet-6-ticks.png  
Attached Files
Register to download File Type: xls ES Tick Profit Projector.xls (33.5 KB, 64 views)
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  #98 (permalink)
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Thursday, started off in simm mode by accident after re-loading NT...then I did switch to real after I got finished with the school run....finished with 3 ticks real and 3 ticks simm....I'm OK with that, still proving to myself that I can do 4-6 ticks a day, and if I can do at least 60-70% of what I am showing on my spread sheet Im good with that for now, considering I only trade for about 30-45 minuets a day....

Attached Thumbnails
My ES Scalping Strategy, 2+ pts/day-es-12-12-578-tick-10_25_2012-thursday.jpg  
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  #99 (permalink)
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Here are my sad but true Friday trades, after a few losses in a row and down @7-9 ticks.....(I try and not look), I switched to a different template to get bigger targets and a little less chop. I might have to move to this full time or stop trading real money on Mondays and Fridays.....

I get the updated indicator later today so I see myself playing all weekend with it, I hope I can come up with a trading plan for monday so I am not just swinging at everything.....Good trading to you and enjoy the weekend

Attached Thumbnails
My ES Scalping Strategy, 2+ pts/day-es-12-12-578-tick-10_26_2012-friday-1.jpg   My ES Scalping Strategy, 2+ pts/day-es-12-12-578-tick-10_26_2012-friday.jpg  
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  #100 (permalink)
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jd Donchian trader


I have down loaded the Basic Indicator you see on my charts in the Elite section. I have down loaded several indicators from there and I am glad to be able to give a little back. I did not do the programing but I think everything is working just fine in that version....A BIG Thanks to Mike and this Forum, and the ability we have to interact with other traders. I think posting my trades helps me more than anyone!

Any questions feel free to ask here or post if you would like, I will try and help if I can.

Good luck in your trading and don't think this will only work on the ES, it should work on any market or chart...

I don't know how to create a direct link to the indicator so you can search for it by name....

Attached Thumbnails
My ES Scalping Strategy, 2+ pts/day-screen-shot-basic-indicator.jpg  
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