ES Journal - 2012
- Thread starter Buy1Sell2
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Successful scalping just takes years of patience and working with mixture of both S/R, volume, indicators, and using the Dome in regards to volume differences. Much of it is just noticing little sticks of price that accumulate at same areas on one minute bars. If anyone is truly interested in doing this, T-Notes are extremely good for it, as price waffles around so much more than ES, and I never risk more than a tick in T-Notes. Once you get good at reading the volume on the Dome and seeing when one side is so much more volume than other, and then starts to tighten up, got to pull the plug and take what market gives for profit. Have to work hard at it, nothing in life is easy, but rewards are huge when you develop the knack and seldom have losses. My mentor use to do 100-150 trades a day hitting 98% for 1-3 ticks, I had to stop doing that many trades 4.5 years ago, but I still manage to do a fair amount of trades, but target up to 8 ticks.
Best times to Scalp is 9:00 to 13:15 cdt and last 35 minutes. But after awhile, any time is good.
Often spikes in volume means reverse to me.
Highs/lows in price doesn't always have to form a pivot to have value.
Best times to Scalp is 9:00 to 13:15 cdt and last 35 minutes. But after awhile, any time is good.
Often spikes in volume means reverse to me.
Highs/lows in price doesn't always have to form a pivot to have value.
What does the "e" in "DOME" stand for?
Your scalping posts have been really intriguing. It looks like we trade almost identically in terms of entries and exits (from what I've seen here in ES and on the CL thread). I also use the 1-min chart extensively and find places where price tends to retrace and take out all the nervous traders who move their stops to b/e. I shorted 1411.50 almost the same time as you did, with the same 8 tick target. The last half hour is my favorite time to scalp ES. I don't look at volume consciously, but I've noticed over the past several months that there are times when I "know" price is going to do something and I think it's based on volume patterns on the DOM that my subconscious is processing.
NoD,
On Handle's chart you also got short around 12:45 ?
I see a TL break on the 5min and some matching highs at 1411.75. Is that enough for you to think a LH is in or is there something else, besides the Dom, that gets you short that you could share.
Btw, i don't trade ES just NQ and no problem if you don't care to discuss.
On Handle's chart you also got short around 12:45 ?
I see a TL break on the 5min and some matching highs at 1411.75. Is that enough for you to think a LH is in or is there something else, besides the Dom, that gets you short that you could share.
Btw, i don't trade ES just NQ and no problem if you don't care to discuss.
awesome trading ammo. i have not been trading ES the last 3 weeks. looking to get back to business starting next week.
good job sticking to your system.
I was in at 12:32 based on his chart time. There was a TL break and price pulled back up to the TL. Counter-trend scalpers who shorted a break of the 5m bar off the high were short @ 1411.75. Price drops to the 20EMA and their b/e stops are now at 1411.75. Price bumped its head there several times and there was my trading moment of Zen when I just hit the bid. My stop was 3 ticks, though, 50% larger than Handle's
The "easy money" short setup IMHO was the second break of 1410.00 after the 1-2-3 setup took price right into the upper trend line, shaking out the first entry shorts and trapping longs.
These are tactics I learned from studying Al Brooks. It took me a long, long time to get through his book and to understand the stuff in the real world. It was worth all my months of whining and frustration working through that poorly written tome. You really have to want it.
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