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Las Vegas
Experience: Master
Platform: Ninja
Broker: Ninja Trader Brokerage
Trading: Dow Futures
Posts: 390 since Oct 2021
Thanks Given: 742
Thanks Received: 388
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Defining trading style and trading plan:
I am a short-term discretionary day trader looking to capitalize on the intraday moves of the U.S. Stock indices during the New York session.
I trade with 4 indicators
1. 50 Exponential Moving Average (EMA)
2. 100 EMA
3. 150 EMA
4. Relative Strength Index 2 Period (RSI 2)
I use a different Chart type for each index:
Russell 2000 RTY: 200 Volume chart
Dow Jones YM: 200 Tick Chart
S&P 500 ES: 2.5 Point Range Chart
Nasdaq 100 NQ : 1 Minute Chart
VIX index: 5 Minute Chart
TICK Index: 5 Minute Chart
TICKQ Index: 5 Minute Chart
The reason I like to utilize four different chart types on the four different indexes is because, it allows me to isolate market information and trade the strongest index to the upside and the weakest index to the downside, that is determined by net change % up/down.
RTY 200 Volume
YM Tick
ES Range
NQ 1 Min
TIC VIX TICKQ
Chart Breakdown:
Green Line= 50 EMA
Yellow Line = 100 EMA
Red Line = 150 EMA
Black Box on Left= RSI 2
Tick Index : 10 EMA & RSI 2
VIX Index: 10 EMA & RSI 2
TICKQ: 10 EMA & RSI 2
All 3 are 5 min charts
I utilize the market internals to help give confirmation or divergence to price action patterns that play out during every trading day i.e. VIX breaking down with a ES breaking out.) This approach of short-term price action and internals gives me confidence as a trader to execute without hesitation.
Risk:
My R = 3% of account per trade as a maximum
However on my apex and topstep try-out I do trade the E-Minis instead of micros and limit my risk to $150 USD per trade.
Risk is the most important part of trading from my experience and making multiples of your R on your winning trades.
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