Hitting the “Reset” button…

Quote from Handle123:

Actually, for my day trading, I am always fading the ES, whatever the trend is, I am trading against it. I have only found one day trading method that consistently made two point targets, but I am considered a scalper cause I normally go for 1-4 tics, ocassionally I might get up to 20 tics, but very seldom. It is pretty much totally against what is taught in Trend Dynamics
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Very interesting indeed. It takes all kinds to provide each other liquidity.

I'm curious, you mention having found a day trading method that consistently made 2 point targets. Are you implying that it consistently generated these targets or generated and HIT these targets?

If the latter, did you not find it worthwhile to trade?

Also, if scalping such a few points intra-day with so many setups I assume execution is critical. Being as tenured as you are, what broker have you found to accommodate this level of execution?

Thanks for all the communication.
 
SIM Trade: Looking for possible fade of opening range weakness. Selling below yesterdays low = possible buy in the 1.3040 range. Price action will dictate whether long taken.

Flipside: May be good sell opportunity if support kicks in at the above stated range, then fails.
 
Quote from ServanTrader:

bph11 SIM trade

Nibbling on long side on minimal risk...

In @ 1.5386
Stop @ 1.5363

Longer term timeframe leverage, good R/R.
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Scratch @ 1.5382, re-evaluating.
 
Quote from ServanTrader:

ECH11

Long @ 1.3070
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This is SIM trade.

Stop @ 1.3053

Will scratch if fails to act according to script. Market in state of balance basis intraday timeframe. Would have rather seen violation / spring of 1.3050 short term support (strong bullish bounce post penetration).
 
Quote from ServanTrader:

This is SIM trade.

Stop @ 1.3053

Will scratch if fails to act according to script. Market in state of balance basis intraday timeframe. Would have rather seen violation / spring of 1.3050 short term support (strong bullish bounce post penetration).
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Holding long in ECH11 at 1.3070 over weekend. Stop remains 1.3053.

Though entry based on intra-day price action, objectives are weekly swing / monthly trend derived.

Swing target is dynamically calculated but will be posted prior to liquidation (once approaching). Currently just above 1.3500.

Prospect of monthly time frame kicking back in on the bullish side will prevent complete liquidation.

RISK on (2) contracts = $475 ($25 RT comm per contract). On lower side of stated % of total capital on any given trade.

REWARD = approx $5,375 + held position.

R/R = 1:11.32

Price action is king, won't argue with it. Should price move in favor of position only to have Bears reassert control this position may be liquidated prior to target objective or stop being reached.

Personal take on monthly trend: Should the market move up in favor of position... even if swing trade objective hit, anticipate larger trading range activity between 11/4 high and 11/30 low over trending activity that exceeds 11/4 high. Will hold trend component just in case.
 
Quote from ServanTrader:

This is SIM trade.

Stop @ 1.3053

Will scratch if fails to act according to script. Market in state of balance basis intraday timeframe. Would have rather seen violation / spring of 1.3050 short term support (strong bullish bounce post penetration).
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Stop moved to BE @ 1.3070. Still like trade, but market appears to be shaking the tree at a minimum and possibly reversing against position.

If stopped out will re-assess.
 
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