You know... I know you know what you are doing, but curious if other instruments would serve you better?
ES is an interesting beast. I don't see many retail traders focusing on that one anymore. The dynamic has changed I guess so it is so hard scalp and profit? I haven't read your method, just the last few posts.
Your method is fine, but ES in my opinion is a big money loser compared to others.
2 contracts taken long after seeing, watching, waiting, and taking my buy signals. Was burned today, wanted to be sure of the move. 2 contracts was actually by accident. Result was a 2 point gain for one and a 2.25 gain on another. Hung onto the trade for almost 30 minutes.
Alas, I'm not yet an elite member so I can't read that.. Soon enough though. The DAX can certainly move. When I traded equities, most of them were on the Dow simply because of the large moves that I could get profit from. The ES has been my focus because of the huge amount of contracts traded on it, 10 to 20 times what the YM has on it.
Do you require that kind of liquidity? Meaning do you trade 50 contracts per trade? If so, I would probably stick to ES then, but anything less and I would go for something else. I would put the $ towards an elite membership. Some of that stuff is a good read and might as well contribute to the community.
almost all traders I know are out of ES. They are in GC, CL, 6E, ZN, ZB, etc.....anything with some movement. If you miss the one move of the day on ES, you are screwed. These other instruments will give you many opportunities each day.
Simplicity is the ultimate sophistication, Leonardo da Vinci
Most people chose unhappiness over uncertainty, Tim Ferris
Made a point today off two trades thus far. Another point would be fantastic though. I think that trade will be coming later in the day. I'm taking what the market gives me after the momentum stalls out. Be it a quarter point or 3 points. Not trying to be greedy, just taking what the market gives me.