Very well done, volpri. If I could scalp 20 ES points per day in an hour or so that's all I would do.
Techniques for Day Trading the ES, NQ, YM, MES, MNQ, and MYM
- Thread starter volpri
- Start date
Very well done, volpri. If I could scalp 20 ES points per day in an hour or so that's all I would do.
He just showed/explained one way of how to do that.
With the caveat that on any given trading day, you can only take what is offered...
Sometimes it might take 2+ hours
Thanks.
Here are 3 trades I took this morning. Have other things to do so likely no more trading today. This is the ES 1m chart. There were plenty of other opportunities that I just didn't take or simply missed as I was making this video.
For some reason I didn't get the volume working or didn't have it on. I am still trying to learn how to video live trading.
Anyway the first trade was a long in the middle of the TR something I do under certain circumstances. I explained this in the video but like I said my voice was not recorded.
The second trade was a short scalp near top of the TR. The third trade was an averaged down short trade near top of the TR.
I will discuss these later on in a post as I have company right now,
For some reason I didn't get the volume working or didn't have it on. I am still trying to learn how to video live trading.
Anyway the first trade was a long in the middle of the TR something I do under certain circumstances. I explained this in the video but like I said my voice was not recorded.
The second trade was a short scalp near top of the TR. The third trade was an averaged down short trade near top of the TR.
I will discuss these later on in a post as I have company right now,
Last edited:
Question for you sir: When you enter or exit, do you use market order or limit order?
Thanks.
9 times out of 10 would probably be limit, order. Most of the time 99% probably my trades are bracketed limit order. Especially in TRs. In fast moving spikes BOs or tight channels I may use market orders.
Thanks.
I have been using market order exclusively because my approach is to scalp momentum and whenever I tried limit (when I live traded) they didn't get fill. However, in reviewing the trades, bid/ask ate up a big chunk of the potential profit making profit difficult.
Got to learn to use limit orders.
I was trying to figure out if there was a problem on my end because the way the mouse moves it looks like you are trying to explain what you are thinking, but as you noted there is no voice recording.
Thanks for the video @volpri.
TRs, especially if narrow, are limit order markets. Scalping price generally has to come to my resting entry order. Market orders will eat a scalpers profit on 1 to 3 point profit targets trades when momentum is slow. I can get away with market orders if going for 5 or more points or if it is a fast moving market.
Most of my orders start out with and entry and brackets (SL and PT) 10 to 20 ticks away from the entry price. Then once I place them I will move the brackets around depending on how the market is doing whatever it is doing. I may widen my PT or narrow my PT. I may widen my SL or make it smaller. That is why you see me moving stuff around on the chart. To me it is important what price does but also just as important "how" it does what it does. Hence I will move PTs and SLs around. Rarely do I ever set them and leave them be. I know that bucks conventional thinking.
Once I enter and exit it simply doesn't matter to me what happens afterwards. I grab what the market gives me and I can always enter again it I wish to. Take my last trade. I scaled in short grabbed what the market gave me. Locked it in. I had to leave because company came. I come back later and see price went on down. I was not at the computer to enter in again. But I grabbed what I got and left. I cannot cry over what was missed. Many more trading opportunities will arise in the session. Scalpers need to maintain a high win rate.
Yeah I don't know what happened. I had the mike on but it didn't record my voice. Yesterday I was messing around with some blue tooth settings and I must have done something to keep the laptop from recording my voice. I will have to figure it out.
I will try to explain the video with the three trades taken this morning later today in a written post. Gotta run do some business.