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SIERRA CHART SCALPING INDICATORS


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SIERRA CHART SCALPING INDICATORS

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  #1 (permalink)
Frankfurt Germany
 
 
Posts: 14 since Apr 2020

Hello everyone, after doing anything but profitable trading, I want to change my strategy and start scalping. Here I have a lot of questions. Which timeframe to use? Which indicators?
Are indicators useful at all or just a done thing to keep the trader from making money ? Something like: "the trader can no longer see the forest because of too many trees!"
I would like to know what you think about it.
Which indicators do you use? What makes sense? Are the internal sierra chart indicators sufficient or should it be better to use third party indicators, for example that of emoji.
Every thought is welcome.
Thank you!

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  #2 (permalink)
Site Moderator
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Monika View Post
Hello everyone, after doing anything but profitable trading, I want to change my strategy and start scalping. Here I have a lot of questions. Which timeframe to use? Which indicators?
Are indicators useful at all or just a done thing to keep the trader from making money ? Something like: "the trader can no longer see the forest because of too many trees!"
I would like to know what you think about it.
Which indicators do you use? What makes sense? Are the internal sierra chart indicators sufficient or should it be better to use third party indicators, for example that of emoji.
Every thought is welcome.
Thank you!

Hi Monika


About this thread, it looks like you are seeking general information about scalping and scalping techniques, as opposed to something that is specific to Sierra Chart, or am I wrong?


If I'm right, are you sure you want to keep the thread under Sierra Chart, or would you prefer to move it onto a section where it may gain better visibility?

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  #3 (permalink)
Legendary Market Chamois
Chicago, IL
 
Experience: None
Platform: NT8,NT7,TWS
Broker: InteractiveBrokers, S5T, IQFeed
Trading: The one I'm creating in the present....Index Futures mini/micro, ZF
 
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Monika View Post
Hello everyone, after doing anything but profitable trading, I want to change my strategy and start scalping. Here I have a lot of questions. Which timeframe to use? Which indicators?
Are indicators useful at all or just a done thing to keep the trader from making money ? Something like: "the trader can no longer see the forest because of too many trees!"
I would like to know what you think about it.
Which indicators do you use? What makes sense? Are the internal sierra chart indicators sufficient or should it be better to use third party indicators, for example that of emoji.
Every thought is welcome.
Thank you!

This is what I am hearing:

I want to make a dining room table to seat 8.
How do I change the size of the wood to accomplish this?
How do I join wood together?
I have some wood, but it has bark on it. How do I remove the bark?
Do I use a hammer somewhere in this endeavor?


Honestly, I am trying to help. My point is you need to have a more foundational knowledge base if you are going to be able to pull money from other traders account into yours.

Ron

...My calamity is My providence, outwardly it is fire and vengeance, but inwardly it is light and mercy...
The steed of this Valley is pain; and if there be no pain this journey will never end.
Buy Low And Sell High (read left to right or right to left....lol)
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  #4 (permalink)
Frankfurt Germany
 
 
Posts: 14 since Apr 2020


xplorer View Post
Hi Monika


About this thread, it looks like you are seeking general information about scalping and scalping techniques, as opposed to something that is specific to Sierra Chart, or am I wrong?


If I'm right, are you sure you want to keep the thread under Sierra Chart, or would you prefer to move it onto a section where it may gain better visibility?


Correct. Maybe the admin can do this.???

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  #5 (permalink)
Frankfurt Germany
 
 
Posts: 14 since Apr 2020


Blash View Post
This is what I am hearing:

I want to make a dining room table to seat 8.
How do I change the size of the wood to accomplish this?
How do I join wood together?
I have some wood, but it has bark on it. How do I remove the bark?
Do I use a hammer somewhere in this endeavor?


Honestly, I am trying to help. My point is you need to have a more foundational knowledge base if you are going to be able to pull money from other traders account into yours.

Ron

My question was for traders, not woodworkers. Thanks for the "great" comment.

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  #6 (permalink)
Helsinki/Finland
 
Experience: Beginner
Platform: NinjaTrader
Broker: Continuum
Trading: ES
 
jaeykkae's Avatar
 
Posts: 96 since Jul 2013
Thanks: 341 given, 112 received

Hi Monika.

There is now easy money around scalping. That timeframe is driven by market makers at best. And when it's not it's driven by many different timeframe aggressors... so with scalping(as any other timeframe trading) you will need concept about market participants and how and when they are acting.

Just for scalping strategies I would point you towards Jigsaw Trading and Bookmap. They both have great webinars and threads about scalping and reading orderflow here in FIO or youtube. Ofcourse they both try to sell their products but what I have understood Sierracharts is not bad tool for scalping with its DOM.

About understading how the markets works especially ES one should read Spoo-nalysis megathread.... for starters...

-Jaeykkae

"You miss 100% of the shots you don't take" -Wayne Gretzky
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-Jaeykkae
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  #7 (permalink)
Frankfurt Germany
 
 
Posts: 14 since Apr 2020


jaeykkae View Post
Hi Monika.

There is now easy money around scalping. That timeframe is driven by market makers at best. And when it's not it's driven by many different timeframe aggressors... so with scalping(as any other timeframe trading) you will need concept about market participants and how and when they are acting.

Just for scalping strategies I would point you towards Jigsaw Trading and Bookmap. They both have great webinars and threads about scalping and reading orderflow here in FIO or youtube. Ofcourse they both try to sell their products but what I have understood Sierracharts is not bad tool for scalping with its DOM.

About understading how the markets works especially ES one should read Spoo-nalysis megathread.... for starters...

-Jaeykkae

Hi Jaykae,
there is never easy money. Nowhere, but some only see wood and overlook the forest. I tested jigsaw within the 2 week test phase and I liked it very much, but at the time I was still an absolute beginner and in my opinion jigsaw is not for beginners. I've been working with sc for 8 months now and have tested quite a lot. sc can do almost anything. my question was not "HOW"? my question is what other traders use for scalping. what indicators etc ... I have now arrived there saying that less is more. much more! all I need is a tick chart that is tailored to the respective market, a correctly set MACD and .... patience. that's it! I don't need anyone to tell me what to do here. and if I do, I explicitly ask for it. again: my question is what others use when scalping. which indicators? 1 minute chart? etc.... like everyone, i am looking for advantages. maybe there is something I don't know yet. I am just asking.

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  #8 (permalink)
Legendary Market Chamois
Chicago, IL
 
Experience: None
Platform: NT8,NT7,TWS
Broker: InteractiveBrokers, S5T, IQFeed
Trading: The one I'm creating in the present....Index Futures mini/micro, ZF
 
Blash's Avatar
 
Posts: 2,232 since Nov 2011
Thanks: 7,059 given, 4,278 received


Monika View Post
Hello everyone, after doing anything but profitable trading, I want to change my strategy and start scalping. Here I have a lot of questions. Which timeframe to use? Which indicators?
Are indicators useful at all or just a done thing to keep the trader from making money ? Something like: "the trader can no longer see the forest because of too many trees!"
I would like to know what you think about it.
Which indicators do you use? What makes sense? Are the internal sierra chart indicators sufficient or should it be better to use third party indicators, for example that of emoji.
Every thought is welcome.
Thank you!


Monika View Post
My question was for traders, not woodworkers. Thanks for the "great" comment.

You don't seem very sincere I'm sorry to say.

Just an analogy to help illustrate a point my friend.

I wish you all the best.

Ron

...My calamity is My providence, outwardly it is fire and vengeance, but inwardly it is light and mercy...
The steed of this Valley is pain; and if there be no pain this journey will never end.
Buy Low And Sell High (read left to right or right to left....lol)
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
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  #9 (permalink)
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Monika View Post
My question was for traders, not woodworkers. Thanks for the "great" comment.

If you aren't prepared to accept help from those who are more experienced than you, then don't ask for it. And certainly don't be rude about it when someone is trying to share their experiences to help you.

Mike

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  #10 (permalink)
Legendary Market Chamois
Chicago, IL
 
Experience: None
Platform: NT8,NT7,TWS
Broker: InteractiveBrokers, S5T, IQFeed
Trading: The one I'm creating in the present....Index Futures mini/micro, ZF
 
Blash's Avatar
 
Posts: 2,232 since Nov 2011
Thanks: 7,059 given, 4,278 received


Just as a note and to prevent any confusion .... Futures do not have market makers as stocks do.

Ron


jaeykkae View Post
Hi Monika.

There is now easy money around scalping. That timeframe is driven by market makers at best. And when it's not it's driven by many different timeframe aggressors... so with scalping(as any other timeframe trading) you will need concept about market participants and how and when they are acting.

Just for scalping strategies I would point you towards Jigsaw Trading and Bookmap. They both have great webinars and threads about scalping and reading orderflow here in FIO or youtube. Ofcourse they both try to sell their products but what I have understood Sierracharts is not bad tool for scalping with its DOM.

About understading how the markets works especially ES one should read Spoo-nalysis megathread.... for starters...

-Jaeykkae


...My calamity is My providence, outwardly it is fire and vengeance, but inwardly it is light and mercy...
The steed of this Valley is pain; and if there be no pain this journey will never end.
Buy Low And Sell High (read left to right or right to left....lol)
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to Blash for this post:


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