Advice requested from seasoned future scalpers

Quote from anglagard:

What you are describing is not my issue.

I don't have a problem trend trading.

My problem is that I require precision entries so I can take advantage of size, I got that covered. My problem is that my precision entries are all contra-trend.

Anyone that can offer ideas?

Joe
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It seems you should use your current contra-trend exits as entries in the trend ... at least if these exit have the same precision than your entries.

There are some "classic" low risk entries in a trend ... double-top (double-bottom) pullback, retest of last breakout level ... then you can use last pullback size to project next pullback ... that said in general, trend trading requires to let the trend do its job, which includes getting counter-trend traders on-board to then run their stops ... which means, sitting through the pullbacks, and adding in those when you get a low-risk opportunity.

As you are currently trading size counter-trend, why not always use 1 contract as a runner, for those rare occasions where you actually caught the new trend inception?
 
Quote from dom993:



As you are currently trading size counter-trend, why not always use 1 contract as a runner, for those rare occasions where you actually caught the new trend inception?
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Not size, trying to earn it with consistency.

Started with SPY, now doing 1 ES.

Soon, 2 ES.

Joe
 
ES isn't known for being a day-trading "trend" instrument ... Have you looked at TF ? Its moves are way more dynamic than ES
 
Quote from dom993:

ES isn't known for being a day-trading "trend" instrument ... Have you looked at TF ? Its moves are way more dynamic than ES
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Never looked at TF aka ER2, know about it but never did trade it.

Will take a look.

Thank you

Joe
 
We are in a bull market again. That's why u r getting no where shorting.



Quote from anglagard:

Ok let me put it this way.

I have no problem determining where the move will react in a contra-trend fashion, but the reaction is short lived and the exit I trail. I let it run by trailing, because if I knew where to kill it, I could simply reverse there and also do the precision entry with the dominant trend, that's where I'm failing.

I know Im doing something right because I take very little heat on my entries, allowing me to use good leverage, as I can use good size and low risk, I just want to do better by being able to do the same but with the trend so my trails work better.

If the trend is up, I only make money shorting, but the short doesnt run very far, if the trend is down, I only make money buying, and also they dont run very far; most of them anyway.

Joe
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The ES trends sometimes, but I'm not so sure scalping and trending are related... when the ES trends, it usually moves 4-30 points or more. Or maybe I'm just thinking of scalping as very mild HFT trading...
 
Quote from sledgeyum:

We are in a bull market again. That's why u r getting no where shorting.
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Well when I do the intraday scalping the trend is constantly changing so bull or bear it does not really matter except that the volatility has lowered considerably.

Definitely not the issue here.

Joe
 
sounds like me when I was scalping ES. One day the market was just smoking, almost no pullback, all I could find all day was just two short trades for a point and a half each. At the end of the day ES was up 25 points and all I got out of it was 3.

When I switched to trend trading the hardest thing to do was enter after it had already moved and looked like it could collapse at any time.

No advice for you man, know what you are talking about. In a strong trend entries aren't that critical. Everybody makes money whether they got in smart or got in stupid.
 
Quote from oldtime:

sounds like me when I was scalping ES. One day the market was just smoking, almost no pullback, all I could find all day was just two short trades for a point and a half each. At the end of the day ES was up 25 points and all I got out of it was 3.

When I switched to trend trading the hardest thing to do was enter after it had already moved and looked like it could collapse at any time.

No advice for you man, know what you are talking about. In a strong trend entries aren't that critical. Everybody makes money whether they got in smart or got in stupid.
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I can relate a lot to what you just said, definitely sounds like me.

However, what you said about entries not being that critical in strong trends, that's where I can't agree, as I must limit my risk at all times, no matter what the probabilities are. I need to enter with precision, trend or contra trading, or can't enter at all, it's how I keep floating in this business. If a bigger stop is needed, that means I won't be able to use my typical size, therefore, I would not be interested in such trade.

Joe
 
In my experience, traders either see the main trend but can't trade counter or they feel safer trading counter but miss the main trend.

I have a friend and co trader who is a well respected poster on ET and he used to be a counter trend only trader - not by choice but that was all he could see. Now he is an avid trend trader but getting him to hold on to a trade at the right time was one step away from mission impossible, but once the set up was understood he took to it like a duck to water.

It's not easy to explain and requires a lot of training. Change is harder than most traders expect. The answer I developed has a lot to do with the effects of time on a trade so one trade can be a scalp and that is all that is expected whereas another can run for hours.

Time cycles usually conflict with one another telling you to scalp but when they harmonize or the dominant one is very strong it is time to hold on to a trade.

Reading Hurst might switch the lights on if you are creative. A more simple approach is multiple time frame trading. If your biggest time frame says short and your shortest says long then you are counter scalping in an Up for Down trade.
 
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