E-mini Nasdaq Pivots Scalping - 100% in 100 Days?

syswizard · Jun 13, 2016

Looks like your entries are largely just manually placed with no logic.

nasdaqscalper · Jun 13, 2016

syswizard said:
Looks like your entries are largely just manually placed with no logic.

Buy orders one tick higher than the pivot which is the signal
Sell orders one tick lower than the pivot which is the signal
Retracements in an uptrend to the resisstance pivots are long signals
Retracements in a downtrend to the support pivots are short signals
PP can be traded always
If two pivots of different time frames are at the same price it can always be traded as support and ressistance

Without logic is different

J_Smith · Jun 13, 2016

nasdaqscalper said:
Livetrading E-mini Nasdaq Scalping 2016/06/13 Day 05 Loss: $97.92

NS, one word, and that is, go with the flow - you were handed a perfect short opportunity and you diddled and daddled, which, no matter what you say, is bad trading.

I am just noting what I see in your video - and your charts have way too much crap on them.

If you are scalping, then you should be using the dome (ladder or booktrader) with volume by price to confirm support and resistance levels - as we say in Paddy Land, you are "fluting around".

Just trying to help, you can tell me to fuk off if you like, doesn't really bother me!

I do not mean to be rude, but, you don't know what you are doing - you are wasting your time, believe me, I know, as I used to trade like that before!!!!!

J_S

syswizard · Jun 14, 2016

J_Smith said:
NS, one word, and that is, go with the flow - you were handed a perfect short opportunity and you diddled and daddled, which, no matter what you say, is bad trading.

J_S

I agree J_Smith...and when I backtested pivot points, I saw no value for them as entry signals. Plus, he has two different signals running concurrently....the pivot point breakout and then the retracement signal.
Without a detailed journal, how does he know which one is working and which is not ?

J_Smith · Jun 14, 2016

syswizard said:
I agree J_Smith...and when I backtested pivot points, I saw no value for them as entry signals. Plus, he has two different signals running concurrently....the pivot point breakout and then the retracement signal.
Without a detailed journal, how does he know which one is working and which is not ?

NS is looking at the wrong things - what jumps out in the last video, which is the one I watched, is trying to pick reversal points, which is fine, once you have several things lining up - the law of supply and demand always works, not some mathematical calculations based on academic gobshites

Price will "always" be doing 1 of 3 things - if one does not know what they are, well, enough said

J_S

K-Pia · Jun 14, 2016

J_Smith said:
NS is looking at the wrong things - what jumps out in the last video, which is the one I watched, is trying to pick reversal points, which is fine, once you have several things lining up - the law of supply and demand always works, not some mathematical calculations based on academic gobshites

Price will "always" be doing 1 of 3 things - if one does not know what they are, well, enough said

J_S

Continue .. Flatten .. Reverse ..
But to Flatten is magnitude dependent.
For some a 4Pts range is plenty, for others it's boring ..
Trade the Open & remove Flatten. Trade the right side & decrease Reverse.

syswizard · Jun 14, 2016

To me one of the most important considerations when playing the break-out game:
1) go with it
2) fade it

The best traders have a keen sense on which one is best for current conditions.

J_Smith · Jun 14, 2016

K-Pia said:
Continue .. Flatten .. Reverse ..

C.F.R

U.D.S

BO.C.BD

A.D.RA

D.A.RD

Take your pick, and add a few more if you like, for, they all mean the same thing...

A.B.C = 1.2.3

J_S

K-Pia · Jun 14, 2016

J_Smith said:
C.F.R

U.D.S

BO.C.BD

A.D.RA

D.A.RD

Take your pick, and add a few more if you like, for, they all mean the same thing...

A.B.C = 1.2.3

J_S

Sure. What matters is how you exploit them.

piezoe · Jun 14, 2016

nasdaqscalper said:
The R:R always depends on the strategy. There are strategies, like trend following that have a win rate of only about 30 up to 40 percent. But the R is about 3 or even higher, because trends tend to last for a long time.
Whereas my strategy is just based on the fact, that other traders are closing their positions or even open new positions at pivot points, because it is an indicator that shows you if the market is, compared to the last hour/day/any timeframe, uptrending (above PP) or downtrednig (below PP). So often the market reverses for a few ticks as it hits a pivot point. And this is my kind of edge in trading. In a few weeks we will see if it is an edge or not. And then you can raise to question if the strategy makes sense or not.

Usually, it is difficult to scalp for a few ticks profitably if you are a retail trader. You generally need exceptionally low commissions and an excellent data feed and platform that doesn't lag. Would you be so kind as to tell me your platform and data feed provider and round trip commission per contract? Looking forward to your results. Good luck.