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

  #31 (permalink)
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Simple question. I did not know we could ue the iPad to trade and using Ninja. Is this a special version of Ninja ? And do you use a keyboard ?

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  #32 (permalink)
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trendisyourfriend View Post
Simple question. I did not know we could ue the iPad to trade and using Ninja. Is this a special version of Ninja ? And do you use a keyboard ?

Check here:
https://futures.io/vendors-product-reviews/8861-ninjaterminal-optimus-trading-www-ninjaterminal-com.html

Mike

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  #33 (permalink)
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6E Trade


I know this thread is for the ES but I want to see if I can use your method to trade the 6E during the Asian session. Here is a pic of the trade I just took. Short at 1.4573, with a 6 tick stop. First scale at 1.4570, second scale at 1.4567. The 6E trends pretty good so I'm thinking I could go for a larger target on the second trade.

I hope you don't mind me posting this trade.

rptrader

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My ES Scalping Strategy, 2+ pts/day-6e-06-11-2-renko-6_6_2011.jpg  
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  #34 (permalink)
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rptrader View Post
I know this thread is for the ES but I want to see if I can use your method to trade the 6E during the Asian session. Here is a pic of the trade I just took. Short at 1.4573, with a 6 tick stop. First scale at 1.4570, second scale at 1.4567. The 6E trends pretty good so I'm thinking I could go for a larger target on the second trade.

I hope you don't mind me posting this trade.

rptrader

I do trade the 6e, i have been following cjbooths thread so i have been watching his charts as of late. I think this can work on any liquid market, you just need to find the right charts....

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  #35 (permalink)
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Futures Edge on FIO

Which products do you trade?

 

jwdixon View Post
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....

JW,

This document assumes 2 points per contract. When trading 2 contracts with scaling out you need 2 successful trades to hit the goal, instead of just one trade with a 6 tick stop and one target of 8 ticks, or 9 to also cover commissions. Is that what you meant or are you going to switch to a one exit target method?

Thanks
rptrader

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  #36 (permalink)
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thanks I did not know they offered it.......I have been using Jump Desktop......$20........and I trade off my desktop at home from the iPad, about 1 sec delay but great battery life and the desktop does all the work, also I dont have to set up different charts.....infact did this from the iPad at dinner....hehehe

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  #37 (permalink)
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rptrader View Post
I know this thread is for the ES but I want to see if I can use your method to trade the 6E during the Asian session. Here is a pic of the trade I just took. Short at 1.4573, with a 6 tick stop. First scale at 1.4570, second scale at 1.4567. The 6E trends pretty good so I'm thinking I could go for a larger target on the second trade.

I hope you don't mind me posting this trade.

rptrader

Hey rptrader, dont mind at all....here are the two charts I have been playing with, Im sure you could find better. The thing I am always looking for the charts where I dont have to change my rules.....that way it does not mater what I am looking at, if I SEE IT, I CAN TRADE IT, less thinking.....good luck. Let me know what charts you end up watching.

Thanks

2011-06-06_2049 - jwdixon's library

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  #38 (permalink)
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rptrader View Post
JW,

This document assumes 2 points per contract. When trading 2 contracts with scaling out you need 2 successful trades to hit the goal, instead of just one trade with a 6 tick stop and one target of 8 ticks, or 9 to also cover commissions. Is that what you meant or are you going to switch to a one exit target method?

Thanks
rptrader

RP, when I did that I was still on the quest for 2 points a day, actually I was trading the russel more than the ES, but you are right, I want to just net about $100/day, how every many trades it takes, thats why sometimes I need to trade in the afternoon, I dont always hit exactly 2 points but thats my goal. Hope that helps

Also where I tend to exit too early, others might not have that problem....boils down to comfort and what profit you think you can pull out on the average trade...


Last edited by jwdixon; June 6th, 2011 at 11:55 PM. Reason: Added to....
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  #39 (permalink)
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jwdixon View Post
RP, when I did that I was still on the quest for 2 points a day, actually I was trading the russel more than the ES, but you are right, I want to just net about $100/day, how every many trades it takes, thats why sometimes I need to trade in the afternoon, I dont always hit exactly 2 points but thats my goal. Hope that helps

Also where I tend to exit too early, others might not have that problem....boils down to comfort and what profit you think you can pull out on the average trade...

Thanks. That's what I figured but I wanted to make I sure I was on the same page.

rptrader

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  #40 (permalink)
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Stretching....


OK here are two screen shots during my morning trade. I will go over my thinking for the entry in the video I will post later. You will see I moved PT2 up quite a bit trying to catch a runner, I almost hit the close button when I saw 2.5 points but I resisted.....just moved my stop up to 6 ticks......

I have some run around, lunch with kids, and then I will get to the video.....do you think they are worth the effort? Anything to make them better?

Attached Thumbnails
My ES Scalping Strategy, 2+ pts/day-trade-example-6-7.jpg   My ES Scalping Strategy, 2+ pts/day-trade-example-2-6-7.jpg  
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