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  1. sstheo

    Micro E-mini Madness (2% per day)

    Tariff news out of China put the market in a tail spin. I traded the micros in response. The first trade was short before the news came out, but I got $13 on the MNQ. The rest were longs as I began fading the news, knowing Jerome Powell was up next. Up about $100 on 7 trades on the micros...
  2. sstheo

    Micro E-mini Madness (2% per day)

    Indeed I am not trying to elevate myself. I am merely an "above average" trader at this point. I want to show what I think it possible starting with a small balance. I am not trying to find new strategies, but merely adapt the Micro trades to my style in such a way that the trading is...
  3. sstheo

    Micro E-mini Madness (2% per day)

    I also said "full transparency," so here we go: my live account is not ready yet. I was about to fund it and one of my real estate deals got cancelled and another extended. I should be live next week. Because someone said they would leave my thread if I didn't hurry up and post some trades, I...
  4. sstheo

    Micro E-mini Madness (2% per day)

    My medium chart looks like this. 15 tick range bars with the delta function turned on. So green means buying aggression, red means selling aggression, and gray is balanced. The yellow dot is the point of control (highest volume tick) within each candle. I have a stop & reverse indicator that...
  5. sstheo

    Micro E-mini Madness (2% per day)

    My NQ big chart looks like this. I plot the volume profile and floor pivots. I watch the cumulative delta (blue) Because we are ABOVE yesterdays Value Area, I have a long bias right now, and am thinking we target yesterday's high if not R2. If we get back into the VA, then I will expect to...
  6. sstheo

    Micro E-mini Madness (2% per day)

    Oh, you will see some, don't you fret! LOL
  7. sstheo

    Micro E-mini Madness (2% per day)

    One sim NQ long and two shorts at the highs (so far) this morning. $60, $75, $95. Now we are getting somewhere! If I could get $7 consistently per Micro contract, that would be awesome.
  8. sstheo

    Micro E-mini Madness (2% per day)

    Because of the restlessness of the natives, I decided I better start posting the good stuff. This chart shows 3 sim scalp trades I took this morning on the YM E-mini. (I will start with the Micros soon.) This is my fastest chart, an Heikin-Ashi 3 point chart. While I really like the...
  9. sstheo

    Micro E-mini Madness (2% per day)

    After extensive cognitive engagement, I have decided to agree with your rationale. The micros are not to be treated new kinds of contracts with unlimited superpowers, but smaller version of the all-powerful ES, NQ, YM, and RTY which, in the hands of the inexperienced or foolish, can obliterate...
  10. sstheo

    Micro E-mini Madness (2% per day)

    This is the beauty of the micros. They have just become a real life testing ground with just enough firepower to keep you emotionally connected to the market, but not so much that you lose any sleep if you decide to hold overnight. So the benefits I have found so far are now lumped into "The...
  11. sstheo

    Micro E-mini Madness (2% per day)

    These are certainly BIG ideas, bigger than even swing trading. But it sounds like you have the patience to see it through to fruition. I love the way you are averaging with a similar instrument. Tangentially related, I am constantly playing YM and NQ off of each other. I don't really like...
  12. sstheo

    Micro E-mini Madness (2% per day)

    If I understand your question, you must be referring to the hard spike up on the 12th or 13th. the price had just retraced after a hard move down and was starting down again. But all the shorts got thumped.
  13. sstheo

    Micro E-mini Madness (2% per day)

    If I hadn't gone through extensive naked chart training and trading previously I would have thought you completely nuts. But your setup is simple and elegant. The multiple time frames and the color of the bars are certainly helpful. Have you tried just trading off of the LOC chart on the...
  14. sstheo

    Micro E-mini Madness (2% per day)

    Charts and P&L coming soon.
  15. sstheo

    Micro E-mini Madness (2% per day)

    Ultimately, I am a contrarian trader. From the beginning in 2006, I have been fading strong moves using extreme optimism and pessimism as shown by the NYSE tick. This has served me well except in strong trends when I usually get creamed. After being sliced to bits by short falling knives and...
  16. sstheo

    Micro E-mini Madness (2% per day)

    I found one of my old mentors here on ET. He posted his ebook at the bottom of this post https://www.elitetrader.com/et/threads/scalping_my-way-with-acv.68098/page-25#post-4809151. In that ebook he shows several cluttered charts and then declares that naked charts are the best of all. "How...
  17. sstheo

    Micro E-mini Madness (2% per day)

    Hi Silly! 1) I use Multicharts. 2) My strategy is morphing a bit right now, but I will talk extensively about it later. I am a momentum scalper who has historically gone for 7 to 10 ticks on the NQ and YM. But this task needs bigger moves because of the additional fees. 3) I will be trading...
  18. sstheo

    Micro E-mini Madness (2% per day)

    Thanks for the interest. I agree that MGC certainly needs more volume to really be tradable. And I heard there are some pretty vocal bodies try to get an MCL created. That would be nice....
  19. sstheo

    Micro E-mini Madness (2% per day)

    Indeed the epiphany for me came when I realized with the micros I can add contracts one at a time and scale up gradually. I will post my official rules, but I will probably add 1 micro with each additional $500 in the account balance. $1500 would then allow me to trade with 3 micros. If I...
  20. sstheo

    Micro E-mini Madness (2% per day)

    I was being mostly facetious. I plan on doing what I do, especially now that I have advertised it to the world. But I do keep 5% of my mind open to new ideas, so I wanted to give myself a chance to try on a potentially new golden nugget of wisdom.
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