ES Journal - 2012

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Quote from gmst:

covered @ 1398. Should have covered yesterday itself.

Now, long 2 ES @ 1398

stop at 1394

Edit: Adding long 2 ES @ 1400

So average 4 long @ 1399

Stop 1394 on all.
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out of 2 @ 1404.5

Keeping 2 long overnight with average @ 1399. Stop on these at 1384.
 
Quote from NoDoji:

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.
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I learned half of what I know from John Hills's 2 books late in 1970's and a visit to NC, and a private trader who says I was a real thorn back in early 90's on learning how to Scalp, but learning the DOME has just been few thousand days of using it and finding quick patterns, they happen so quick, you really have to concentrate but it is like one side of five levels is up at least 20% or more then for a few seconds I see a flash of narrowing, then I have to rapidly get out at near the extreme of that move.

Scalping is very much like a bungee cord expanded, Price has to come back a little.
 
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