Thank you.
I have tried looking a small sub minute TFs but my brain cannot think fast enough to make good decisions.
Most of my trades on 5m charts but if a slow market or I don't have time for 5 minute setups I will sometimes dial down to 1m.
Techniques for Day Trading the ES, NQ, YM, MES, MNQ, and MYM
- Thread starter volpri
- Start date
I have tried looking a small sub minute TFs but my brain cannot think fast enough to make good decisions.
Most of my trades on 5m charts but if a slow market or I don't have time for 5 minute setups I will sometimes dial down to 1m.
Hi Volpri,
Thanks for sharing your strategy. I look forward to reading this thread.
Cheers,
Szymon
Thanks for sharing your strategy. I look forward to reading this thread.
Cheers,
Szymon
We respect and follow you because you sir don't sell any algos, courses or curriculum or have any subscribers...
You share your thoughts & approaches, for free, on ET. You have many followers on this open forum.
I still have a long way to go but applying some of those principles made me a better day trader.
Thank you for your kind words. You are correct. I have nothing to sell. Just sharing techniques. We each have to make our own way but we also each need to learn from others. I don’t always agree with others but I do try to learn from others.
All very interesting. I do sell my services however I do not work with retail traders
so no real interest in the skeptical comments
Couple of observations as follows
1) Most of the posts indicate that (on this site) retail traders are largely unsuccessful
primarily because they haven't gotten the training. This is understandable. One thing
that I CAN agree with is that most of the folks who suggest or offer services seem
(upon closer inspection) to be "wannabees"...This unfortunately causes most of you
to be paranoid (as well you should)
2) I think the only real way to see if you have a person possessed of skills in front of you
is to watch them trade. The "Tells" seem to be a) how do they prepare/do they let you watch
AS they prepare b) Do they work from a set of basic, understandable, logical principles
c) As the market progresses, how do them monitor, what do they look for, and once they
see a setup developing, how do they structure their trades from entry, to placement of stop
loss, to taking profit, and finally what they do when a trade goes against them?
3) A successful teacher has to be methodical and consistent, doing the same thing (successfully) every day. There are many ways to make money in the markets
however, once you see a person execute, its pretty easy to determine whether they have
something that works for you. And yes its going to cost you, as it should
In the interest of giving back to the gentleman who trained me (long ago) here is a chart
of this evening's Emini overnight. The chart starts at 1500 hours and my system starts
up at 1600 and 1700 hours (because China/Japan bring volume in at those times) My
system requires that the trader have a background in basic probability & statistics (100 &
200 level classes ought to be sufficient), and there are other pre-requisites but that doesn't
matter for the purpose of this post. Finally please don't try to figure it out and trade it. Unless you understand the stats, you won't get there. Instead, go to your nearest Community College
or University and take basic classes, keep a journal and learn price action (Dr. Brooks is a good
starting point). It will take time. be patient.
so no real interest in the skeptical comments
Couple of observations as follows
1) Most of the posts indicate that (on this site) retail traders are largely unsuccessful
primarily because they haven't gotten the training. This is understandable. One thing
that I CAN agree with is that most of the folks who suggest or offer services seem
(upon closer inspection) to be "wannabees"...This unfortunately causes most of you
to be paranoid (as well you should)
2) I think the only real way to see if you have a person possessed of skills in front of you
is to watch them trade. The "Tells" seem to be a) how do they prepare/do they let you watch
AS they prepare b) Do they work from a set of basic, understandable, logical principles
c) As the market progresses, how do them monitor, what do they look for, and once they
see a setup developing, how do they structure their trades from entry, to placement of stop
loss, to taking profit, and finally what they do when a trade goes against them?
3) A successful teacher has to be methodical and consistent, doing the same thing (successfully) every day. There are many ways to make money in the markets
however, once you see a person execute, its pretty easy to determine whether they have
something that works for you. And yes its going to cost you, as it should
In the interest of giving back to the gentleman who trained me (long ago) here is a chart
of this evening's Emini overnight. The chart starts at 1500 hours and my system starts
up at 1600 and 1700 hours (because China/Japan bring volume in at those times) My
system requires that the trader have a background in basic probability & statistics (100 &
200 level classes ought to be sufficient), and there are other pre-requisites but that doesn't
matter for the purpose of this post. Finally please don't try to figure it out and trade it. Unless you understand the stats, you won't get there. Instead, go to your nearest Community College
or University and take basic classes, keep a journal and learn price action (Dr. Brooks is a good
starting point). It will take time. be patient.
Attachments
Good Morning StevenBruce,
Question please:
1. In your trading career, how many traders do you know who learned to trade successfully by watching another successful trader trading real time day-to-day in person?
2. How many successful traders do you know who are willing to teach someone how to trade by allowing them to watch them trade day-to-day?
Successfully meaning consistent profitable for +1 year.
Thank you.
Sorry, I am on the clock today and can't answer quickly
I don't keep track of other professionals who train folks
but I imagine there are others. They are "willing" because
it pays very well. I assume that they work for one or more
of the 2nd tier funds (the 1st tier institutions have their own
training programs in place because they want their staff to
do things in a specific fashion
I would imagine that anyone who does this for a living has
been profitable for many years. Also anyone who has the
connections to do this, has had to prove themselves to
their clients by displaying their process in real time.
Finally, when you see someone trading like this in real time
you immediately know that they are doing something different
than you have seen before. That is the first "tell" (that and the
fact that they are obviously experienced and make good decisions).
My "morning" ("initial balance" or first hour) is over now
I can post an abbreviated version of my chart and you can see that
it is not even close to what retail traders are doing. At this point
students are asked to evaluate their results and characterize the market
from open to end of initial balance. Then they move on the next market
segment. They do this on an hourly basis, making adjustments as needed
until the end of session. I hope this helps as I can't post again today
I don't keep track of other professionals who train folks
but I imagine there are others. They are "willing" because
it pays very well. I assume that they work for one or more
of the 2nd tier funds (the 1st tier institutions have their own
training programs in place because they want their staff to
do things in a specific fashion
I would imagine that anyone who does this for a living has
been profitable for many years. Also anyone who has the
connections to do this, has had to prove themselves to
their clients by displaying their process in real time.
Finally, when you see someone trading like this in real time
you immediately know that they are doing something different
than you have seen before. That is the first "tell" (that and the
fact that they are obviously experienced and make good decisions).
My "morning" ("initial balance" or first hour) is over now
I can post an abbreviated version of my chart and you can see that
it is not even close to what retail traders are doing. At this point
students are asked to evaluate their results and characterize the market
from open to end of initial balance. Then they move on the next market
segment. They do this on an hourly basis, making adjustments as needed
until the end of session. I hope this helps as I can't post again today
Attachments
Hello StevenBruce,
Thank you for responding.
Imagination and reality is 2 different things in trading.
The fact is, anyone making serious money trading the futures market for a living or to grow wealth, is not teaching anyone anything for a fee or damn sure not for free.
The effort spent searching for that person is not a good use of time. Better to trade in real time and figure it out ourselves.
Us retail traders are on our own to figure it out by ourselves with the help of kind ET members like @volpri and Mr.Al Brooks.
How so?
This looks exactly like how many retail traders would approach trading in my view.
Yet here you are spamming the hell out of a forum full of retail traders. lol