Very basic scalper set up - Traders Hideout | futures io social day trading
futures io futures trading


Very basic scalper set up
Updated: Views / Replies:8,238 / 25
Created: by Xzap Attachments:6

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • 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.

-- Big Mike, Site Administrator

Reply
 6  
 
Thread Tools Search this Thread
 

Very basic scalper set up

  #11 (permalink)
Member
NC
 
Futures Experience: Intermediate
Platform: TransAct, Sierra charts
 
Xzap's Avatar
 
Posts: 47 since Jun 2009
Thanks: 2 given, 26 received


max-td View Post
in this indicator-madness around here its nice to see some of the clean priceaction-stuff also !

It's very easy to get overloaded on indicators in pursuit of that Holy grail. I think this is probably something every trader goes thru.

I realized that I had gotten so far away from the basics that I couldn't see the forest for the trees.

Here's a good & clean chart of GG.

dave

Attached Thumbnails
Very basic scalper set up-gg_cup_formation.jpg  
Reply With Quote
The following user says Thank You to Xzap for this post:
 
  #12 (permalink)
Member
NC
 
Futures Experience: Intermediate
Platform: TransAct, Sierra charts
 
Xzap's Avatar
 
Posts: 47 since Jun 2009
Thanks: 2 given, 26 received

This is working out pretty good for entries. I would like to see a way to get in at least 1 point quicker tho.

dave

Reply With Quote
The following user says Thank You to Xzap for this post:
 
  #13 (permalink)
Elite Member
Las Vegas
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: Zen-Fire
Favorite Futures: ES
 
Posts: 14 since Jun 2009
Thanks: 65 given, 2 received


Xzap, could you post a chat or two w/ entry and exit?

Thx!

Reply With Quote
The following user says Thank You to kingfish88 for this post:
 
  #14 (permalink)
Member
NC
 
Futures Experience: Intermediate
Platform: TransAct, Sierra charts
 
Xzap's Avatar
 
Posts: 47 since Jun 2009
Thanks: 2 given, 26 received

Will do KingFish. I had planned to this week but forgot it was the week after July 4th so it's been very low volume and little movement.I doubt it will be much better til September.

Thx,

dave

Reply With Quote
The following user says Thank You to Xzap for this post:
 
  #15 (permalink)
Trading Apprentice
Crescent Beach
 
Futures Experience: Advanced
Platform: Ninja
Broker/Data: Amp/ZenFire
Favorite Futures: Currencies, Stock Indicies & Eurex Bund
 
Posts: 5 since Jul 2009
Thanks: 4 given, 3 received

This is a cool entry Xzap!

I traded it pre-market (for just 1-point only) and it did well. Then another good trade off after a 10:00am reversal. Could have gotten more than 5-points on the runner, but I thought price would hit resistance at 50% of the down-move.

Anyway, folks should play around with this entry technique.

Thanks Xzap!

Attached Thumbnails
Very basic scalper set up-es-071309-macd-scalp.jpg  
Reply With Quote
The following user says Thank You to Chartsky for this post:
 
  #16 (permalink)
Member
NC
 
Futures Experience: Intermediate
Platform: TransAct, Sierra charts
 
Xzap's Avatar
 
Posts: 47 since Jun 2009
Thanks: 2 given, 26 received

Glad to see that work out Chartsky

Hopefully this week I'll have more time to test it myself.

Thx,

dave

Reply With Quote
The following user says Thank You to Xzap for this post:
 
  #17 (permalink)
Member
NC
 
Futures Experience: Intermediate
Platform: TransAct, Sierra charts
 
Xzap's Avatar
 
Posts: 47 since Jun 2009
Thanks: 2 given, 26 received

Update: I really didn't have time to test this more this week but in reviewing my charts at the end of trading I can see this WILL WORK if hard rules are written and followed.

I see a way to get in the trade earlier but with added reward comes added risk so I'll continue to work on it

Dave

Reply With Quote
The following user says Thank You to Xzap for this post:
 
  #18 (permalink)
Member
NC
 
Futures Experience: Intermediate
Platform: TransAct, Sierra charts
 
Xzap's Avatar
 
Posts: 47 since Jun 2009
Thanks: 2 given, 26 received

Here's a great example from Friday, 7/17/09.

Chart: ES, 5 minute
Indicators: Floor pivots, MACD

Plan: Enter on 2nd histogram bar above 0. From entry to high would have netted a +5.25. You never get 100% of the trade so 50% would have netted you a + 2.5.

Notice the simplicity of the chart.

I'll follow up with another image of a chart with less indicators.

Thx,

dave

Attached Thumbnails
Very basic scalper set up-5-minute-histogram.jpg  
Reply With Quote
The following user says Thank You to Xzap for this post:
 
  #19 (permalink)
Member
NC
 
Futures Experience: Intermediate
Platform: TransAct, Sierra charts
 
Xzap's Avatar
 
Posts: 47 since Jun 2009
Thanks: 2 given, 26 received

Exact same chart with nothing but the MACD histogram.

dave

Attached Thumbnails
Very basic scalper set up-5-minute-histogram-no-indicators.jpg  
Reply With Quote
The following user says Thank You to Xzap for this post:
 
  #20 (permalink)
Elite Member
Westlake, Oh
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: CL
 
Riverend's Avatar
 
Posts: 352 since Jun 2009
Thanks: 1,439 given, 207 received


Xzap,
What do you use for stop loss? Another time frame? or certain number of ticks?
Thanks,

Vic

Reply With Quote
The following user says Thank You to Riverend for this post:

Reply



futures io > > > Very basic scalper set up

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
thinkorswim indicators - wrft scalper breakthrough bill ThinkOrSwim 10 April 24th, 2017 01:51 PM
Scalper Software (scalpersoftware.com) review MacD Trading Reviews and Vendors 34 May 21st, 2016 12:06 AM
Scalper and Swing Trading System (www.eurexdaytrader.com) Abde Trading Reviews and Vendors 8 May 27th, 2015 06:27 AM
Trading the bigger picture: Scalper Edition Big Mike Traders Hideout 27 November 19th, 2013 01:42 AM
Scalper PamH Traders Hideout 2 February 16th, 2011 09:53 AM


All times are GMT -4. The time now is 06:00 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-12 in 0.13 seconds with 20 queries on phoenix via your IP 54.167.44.32