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A Super Simple Scalping Method w/ more setups then you can shake a stick at


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A Super Simple Scalping Method w/ more setups then you can shake a stick at

  #11 (permalink)
NYC + NY / USA
 
Experience: Advanced
Platform: "I trade, therefore, I AM!"; Theme Song: "Atomic Dog!"
Trading: EMD, 6J, ZB
 
kronie's Avatar
 
Posts: 798 since Oct 2009

most scalpers have to pre-anticipate the turn, in order just to land their trades in the turn, if you're experienced, then you'll understand the wisdom of that statement, without being convinced.

simulated trading is a fools errand in comparison to live trading where there's no reset, no replay, no retry, no mulligans, no crying, no sighing that you didn't get more than you did...

often times, TA are described (the tools) as lagging, and they are. anytime you wait on "bar close" to do something, well, there you have it.

often times, TA averages and bands are doubly delayed or lagging, as they smooth out averages of raw data. so, for example channels (whether donchian or keltner bells or otherwise) will show a perfect bottom, indicative of either a retrace or rebound, and on the typical scalpers model, it indicates time for action, when you close an active position and initiate another position in the direction of the anticipated trend..

scalpers loose more than they make, even when doing size of 2 contracts or more, or whether they use minimum gain on first and runner on second. the stop losses add up faster, from over trading...

so, the valid question of what tools you're using, needs to be followed up with a few more questions

one technique that I found very effective is using the advanced features of the dome and simply clicking on "rev on close". you might be surprised what that does for your profitability and success... as always, sim101 first!....

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  #12 (permalink)
Charlotte, NC
 
 
Posts: 11 since Aug 2013
Thanks: 2 given, 9 received


DionysusToast View Post
Where do these tools come from? Just standard tools with particular settings?

That is correct Dionysustoast. These are just standard tools with a particular settings

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  #13 (permalink)
Charlotte, NC
 
 
Posts: 11 since Aug 2013
Thanks: 2 given, 9 received



kronie View Post
most scalpers have to pre-anticipate the turn, in order just to land their trades in the turn, if you're experienced, then you'll understand the wisdom of that statement, without being convinced.

simulated trading is a fools errand in comparison to live trading where there's no reset, no replay, no retry, no mulligans, no crying, no sighing that you didn't get more than you did...

often times, TA are described (the tools) as lagging, and they are. anytime you wait on "bar close" to do something, well, there you have it.

often times, TA averages and bands are doubly delayed or lagging, as they smooth out averages of raw data. so, for example channels (whether donchian or keltner bells or otherwise) will show a perfect bottom, indicative of either a retrace or rebound, and on the typical scalpers model, it indicates time for action, when you close an active position and initiate another position in the direction of the anticipated trend..

scalpers loose more than they make, even when doing size of 2 contracts or more, or whether they use minimum gain on first and runner on second. the stop losses add up faster, from over trading...

so, the valid question of what tools you're using, needs to be followed up with a few more questions

one technique that I found very effective is using the advanced features of the dome and simply clicking on "rev on close". you might be surprised what that does for your profitability and success... as always, sim101 first!....

Kronie,
You are correct about anticipating turns, however I'm not so much worried about getting the turn right at the top, but I'm more so worried about recognizing that market has turned and there is enough room for me to execute a trade. I think you will see what I'm referring to when I post my trades.

You are also correct about candles being lagging indicators, especially if you have to wait for a candle to close. However, I'm not good enough to just trade with just a DOM. What's a guy to do? I've pretty done away with all other indicators. With that said I'm still able to bag .5 ticks or better with this trading style.

Hopefully you will find this thread worth your time.

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  #14 (permalink)
NYC + NY / USA
 
Experience: Advanced
Platform: "I trade, therefore, I AM!"; Theme Song: "Atomic Dog!"
Trading: EMD, 6J, ZB
 
kronie's Avatar
 
Posts: 798 since Oct 2009


futurestar View Post
Kronie,
You are correct about anticipating turns, however I'm not so much worried about getting the turn right at the top, but I'm more so worried about recognizing that market has turned and there is enough room for me to execute a trade. I think you will see what I'm referring to when I post my trades.

You are also correct about candles being lagging indicators, especially if you have to wait for a candle to close. However, I'm not good enough to just trade with just a DOM. What's a guy to do? I've pretty done away with all other indicators. With that said I'm still able to bag .5 ticks or better with this trading style.

Hopefully you will find this thread worth your time.

it is, hence the bump to push improvement, and the push to help with the understanding or increased insight.

try this, and see what your ability to remember prices are, you'll be surprised with your natural talent

always place T&S next to the Dome, and watch natural price action without indicators, then

open the properties on the T&S and color the selling red background highlight, and buying green or similar and watch the waves of color flush through, then you'll notice another facet of the equation

now glance at your chart, however, have same chart using a 1 bar uni-renko (download from futures.io (formerly BMT) elite) and see what you notice about stopping and starting or continuing or reversing

wonder if that will make sense....
those tools combined with the above approach just might make a significant difference



take look at that commentary also

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  #15 (permalink)
Charlotte, NC
 
 
Posts: 11 since Aug 2013
Thanks: 2 given, 9 received

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