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YM scalping
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YM scalping

  #1 (permalink)
Trading Apprentice
Gdansk/Poland
 
Futures Experience: Advanced
Platform: Protrader 2.0, Jforex
Broker/Data: Alior Bank, Dukascopy AS
Favorite Futures: FX all major currencies, CL, GC, FGBL
 
Posts: 33 since Feb 2014
Thanks: 8 given, 24 received

YM scalping

Hello; I'd like to share my scalping system for e-mini Dow. Basically I'm using range bar charts and few indicators.

My platform is Ninja Trader and my data feed is Rithmic. I have a live account so no fake simulation orders.

The setup is EMA 8; EMA 30; MACD standard settings with 3 range bar chart.

I'm using range bar because of a better filtering. Alongside I'm also using 1 minute chart with WMA 50 to see a better current trend. My entry is @ cross of EMA's; but I don't go against the trend on a 1 min chart.

Attached Thumbnails
YM scalping-ym-06-14-rjay-s-rangenogap-3-tick-2014-04-14.jpg   YM scalping-ym-06-14-1-min-2014-04-14.jpg  
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  #2 (permalink)
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  #3 (permalink)
Trading Apprentice
Gdansk/Poland
 
Futures Experience: Advanced
Platform: Protrader 2.0, Jforex
Broker/Data: Alior Bank, Dukascopy AS
Favorite Futures: FX all major currencies, CL, GC, FGBL
 
Posts: 33 since Feb 2014
Thanks: 8 given, 24 received


Another trade with my scalping system.

Attached Thumbnails
YM scalping-ym-06-14-rjay-s-rangenogap-3-tick-2014-04-14.jpg   YM scalping-ym-06-14-1-min-2014-04-14.jpg  
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  #4 (permalink)
Trading Apprentice
Gdansk/Poland
 
Futures Experience: Advanced
Platform: Protrader 2.0, Jforex
Broker/Data: Alior Bank, Dukascopy AS
Favorite Futures: FX all major currencies, CL, GC, FGBL
 
Posts: 33 since Feb 2014
Thanks: 8 given, 24 received

YM scalping

Today during the EU trading the YM is really ranging (many important news released). No matter what signals my system gives me during such a period I only ignore it. Once the market is flat (in a range) I don't trade until I see some breakout on a higher timeframe.

Attached Thumbnails
YM scalping-untitled.png   YM scalping-ym-06-14-1-min-2014-04-16.jpg  
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  #5 (permalink)
Elite Member
Malaysia
 
Futures Experience: Beginner
Platform: Multichart DT
Broker/Data: MB Trading
Favorite Futures: Fx
 
torroray's Avatar
 
Posts: 273 since Nov 2009
Thanks: 52 given, 59 received

Hi,

Are there enough liquidity to trade during EU time?

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  #6 (permalink)
Trading Apprentice
Gdansk/Poland
 
Futures Experience: Advanced
Platform: Protrader 2.0, Jforex
Broker/Data: Alior Bank, Dukascopy AS
Favorite Futures: FX all major currencies, CL, GC, FGBL
 
Posts: 33 since Feb 2014
Thanks: 8 given, 24 received

YM scalping

Hi, mostly there is enough to make few ticks (4 ticks per trade, maybe 3 trades before US open). With higher volatility (important news, US open) I receive many false signals so I avoid trading during that time. So I trade this system during the EU session and then 4PM GMT till US market close.

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  #7 (permalink)
Trading Apprentice
Gdansk/Poland
 
Futures Experience: Advanced
Platform: Protrader 2.0, Jforex
Broker/Data: Alior Bank, Dukascopy AS
Favorite Futures: FX all major currencies, CL, GC, FGBL
 
Posts: 33 since Feb 2014
Thanks: 8 given, 24 received

Again the YM is in range during the EU session. There's Jobless Claims data coming in almost 5 hours. System showes me many signals to enter a trade, but I have to wait for a clear breakout. Right now it is jumping from 16304 to 16285.

Attached Thumbnails
YM scalping-ym-06-14-rjay-s-rangenogap-3-tick-2014-04-17.jpg   YM scalping-ym-06-14-1-min-2014-04-17.jpg  
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  #8 (permalink)
Trading Apprentice
delhi,india
 
Futures Experience: Beginner
Platform: metatrader
Favorite Futures: stock
 
Posts: 5 since Apr 2014
Thanks: 0 given, 1 received

renko and heiken ashi combine is also useful for scalping..

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  #9 (permalink)
Trading Apprentice
Gdansk/Poland
 
Futures Experience: Advanced
Platform: Protrader 2.0, Jforex
Broker/Data: Alior Bank, Dukascopy AS
Favorite Futures: FX all major currencies, CL, GC, FGBL
 
Posts: 33 since Feb 2014
Thanks: 8 given, 24 received

sorry, what do you mean " incorporate cash indices in your charts and trading decisions"?

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  #10 (permalink)
Trading Apprentice
Gdansk/Poland
 
Futures Experience: Advanced
Platform: Protrader 2.0, Jforex
Broker/Data: Alior Bank, Dukascopy AS
Favorite Futures: FX all major currencies, CL, GC, FGBL
 
Posts: 33 since Feb 2014
Thanks: 8 given, 24 received


I'm using this system on my range bars chart along with another 1 minute chart and 15 minute chart. The range bar chart is showing me signals to enter trade (long or short) but mostly I'm trying to use pure price action on my 1 minute chart with only S/R. But the system alone works just great, but if it is really busy on the market the system is useless. It gives many signals and many are just false. So it is better to use this system when it is quiet, but not too quiet

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