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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

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

Hello folks,
My name is Futurestar and I have decided to share a trading system that I had stumble across that has tons of setups on a daily basis and if executed properly has a high win rate and should be extremely profitable. I will call it the JK Way to pay respect to the guy who taught this system to me.

Disclaimer: I have not gone live with this system yet!!! However, in the 6 months that I have been perfecting these methods. I have been extremely pleased with the results.

What I look to gain from this is through sharing and teaching I look to gain a better understanding of what I'm doing and in turn become a better trader.

With that being said, In the next day or so I will try to load a few charts with trades that I have taken over the past couple of day and explain the rules of the system as well as the setups that you should be looking for. I hope this is as fun for you as it will be for me.

Flaming of me or others of any kind will not tolerated!!!!! I will always encourage a healthy debate b/c through challenge we grow. But, I have a low tolerance for negativity and "hateration" as they call it. lol lol

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  #3 (permalink)
Legendary Market Wizard
Cleveland Ohio/United States
 
Experience: Advanced
Platform: Tradestation
Broker: Tradestation, DeCarley, others
Trading: futures
 
Posts: 2,847 since Jul 2012
Thanks: 1,490 given, 5,556 received


Looking forward to this discussion. A lot of experienced people on this site, and most all of us have been in your shoes at one point. Just don't mistake "realism" with "negativity" as people comment.

Also, sharing is great, but don't give away your golden goose...

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


kevinkdog View Post
Looking forward to this discussion. A lot of experienced people on this site, and most all of us have been in your shoes at one point. Just don't mistake "realism" with "negativity" as people comment.

Also, sharing is great, but don't give away your golden goose...

Hey Kevin,

I have no issues with no one being honest in there comments, I just want the name calling, put downs, and unnecessary back forth left on someone else's forum..

It provides a distraction for those who want to learn and for those who want to share.

I hope my goose will be under lock and key...

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  #5 (permalink)
Legendary Market Wizard
Cleveland Ohio/United States
 
Experience: Advanced
Platform: Tradestation
Broker: Tradestation, DeCarley, others
Trading: futures
 
Posts: 2,847 since Jul 2012
Thanks: 1,490 given, 5,556 received


futurestar View Post
Hey Kevin,

I have no issues with no one being honest in there comments, I just want the name calling, put downs left some, and unnecessary back forth left on someone else's forum..

It provides a distraction for those who want to learn and for those who want to share.

I hope my goose will be under lock and key...


Don't worry, Big Mike and the moderators keep the hatin' to a bare minimum.

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

Here are some of the primary things that should be known about the system.

Platform- I use Think or Swim but, it is not necessary for you to use this. Your current platform will work just fine

Instrument- I have been using this system with the ES & Yen. I have also heard it works will on the Dax, and other instruments. However the time frame (ticks) have to be adjusted to correlate with the volume candles

Timeframe- I will be using 533 tick chart over a 2 day time frame

Indicators- There is only one. Just standard Volume bars at the bottom of your screen

Tools- There are 2. I have a specially configured Fibonacci retracement tool & A Fibonacci extension tool

Other- The only other things that has been added to the chart are midpoints dots that are used to help me measure trades and recognize consolidation points.

So here is what your a plain chart should look like:




Triggers- I use volume to help determine where I should enter. There are 3 thing to remember about high volume in consolidation is that signals either a market reversal, its a midpoint of a market run up, or the mid point for a market run down.

Entry- I enter the market when I have a high volume initiating or completion candle going into/coming out of a swing point.

Exit- Exits are executed based on target projected from the Fibonacci retracement/extension tool

You will become more familiar with the exits and entries as I start posting charts of my trades. But that's it!!!!

Trade Goal: My goal is to net about 3 - 5 pts a day

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

Ughhhhh, can someone help the rookie on how to post pics. I thought I was doing it right. obviously not....

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  #8 (permalink)
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Easiest way is to go to "Manage Attachments", upload the pic and then click "Embed".

Forum does resizing and it's a lot better than using a file host.

If you have any questions about the products or services provided, please send me a Private Message or use the futures.io "Ask Me Anything" thread
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  #9 (permalink)
Charlotte, NC
 
 
Posts: 11 since Aug 2013
Thanks: 2 given, 9 received


DionysusToast View Post
Easiest way is to go to "Manage Attachments", upload the pic and then click "Embed".

Forum does resizing and it's a lot better than using a file host.

Worked like a charm!

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  #10 (permalink)
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futurestar View Post

Tools- There are 2. I have a specially configured Fibonacci retracement tool & A Fibonacci extension tool

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

If you have any questions about the products or services provided, please send me a Private Message or use the futures.io "Ask Me Anything" thread
Visit my futures io Trade Journal Reply With Quote


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August 8, 2013


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