Techniques for Day Trading the ES, NQ, YM, MES, MNQ, and MYM

[volpri]

Study the range tactic. It is only one. See how it is done.

I Short and average down, if need be, in the top 1/3 of the range. I Exit on moves back towards center 1/3 I DO NOT GET GREEDY.

I GO LONG IN THE BOTTOM And average down if need be in 1/3 of the range. I Exit on moves towards center 1/3. I DO NOT GET GREEDY.

I MAKE MONEY AND MAINTAIN HIGH WIN RATE!

Remember, once a range is established 80% of BO attempts will generally fail and price goes right back into the range. Good odds! Sooner or later one BO will succeed. But until......I use this range trading tactics and others not yet explained.

 

[digitalnomad]

Is this thread some sort of running comedy? Count the bars? 16 bars, shorting more? WTF? Lol

 

[volpri]

Is this thread some sort of running comedy? Count the bars? 16 bars, shorting more? WTF? Lol

WHY don’t you study the concepts ...like really good. Read the other posts. You might learn something if your brain unfreezes (if frozen) from the arctic circle excursion ...ROFLMAO.

It is 16 bars of sideways motion (of course counted AFTER THEY ARE MADE). Can’t very well count them before they are made now can we?

20 bars to make a range and then time to employ range tactics. At times I will start employing them within 10 or 12 bars...it is called experience.

Why don’t you start a mickey mouse journal and post your frozen trades and spill the beans on your secret sauce...ROTILMAO (ROLLING ON THE ICE LAUGHING.......)

 

[volpri]

Is this thread some sort of running comedy? Count the bars? 16 bars, shorting more? WTF? Lol

Funny ain’t it? Laugh! It will be even funnier going to the bank. Any banks up there in the arctic circle?

 

[digitalnomad]

WHY don’t you study the concepts ...like really good. Read the other posts. You might learn something if your brain unfreezes (if frozen) from the arctic circle excursion ...ROFLMAO.

I’ll pass on that. Skimming through a few pages, I’ve concluded that you have a severe mental illness. It’s no big deal though. I do too, just a different kind. Good luck with your Etch A Sketch.

 

[volpri]

I’ll pass on that. Skimming through a few pages, I’ve concluded that you have a severe mental illness. It’s no big deal though. I do too, just a different kind. Good luck with your Etch A Sketch.

Sure you don’t want to post a few algo trades if you can get your computer to thaw out?

WE know you don’t like discretionary traders especially those that beat computers..LOL

I don’t believe in luck but I do hope your computer unfreezes.

 

[Vilches]

Hi, Volpri, reading a bit of your trades. Am trading similar with 2 m / 5 m. Trying to learn a bit from your experience. I started 2018, options and equities, and now trying this instruments.

 

[volpri]

I refer everyone to my post #208 that discusses looking at the market cycle in larger TF’s to see where the 5 min PA is located at in terms of cycle phase on the larger TF’s. In this case the 5 min was in a bear channel. It was also in a bear channel or move down that had gaps on both the 15 min and 30 min TF. Gaps between the close of one bar and the close of the previous. Urgency. Also, the larger TF’s clarify price heading into a range as does the gaps on the larger TF too.

 

[toby400]

In the olden days it was called a coil. Ready to spring out either way. Context often determines which way. If it does the opposite and breaks out contrary to context then it is almost a sure measured move in the BO direction. Not 100% but high odds of a MM.

I see the Trolls and knob heads have started to appear. If you ignore them they are then starved of attention and go away.
If they stay awhile they tend to become irate which can be fun to watch provided you deprive them of the oxygen of attention.

Anyway, " The coil" you mention. This morning a nice example turned up on the Dax ( UK time).
Here is the chart.

 

[volpri]

Crawled my carcass out of bed real late today. Got some coffee down and looked at MES. Decided to take some trades. Took two trades averaging down on both. One was a good trade the other not so good but has a good lesson to learn. We traders eventually learn more from our mistakes than our successes correct? Well....it is supposed to be that way. Remember, in post #1 I said I would post mistakes?

So, I took snapshots of both trades and will post them tonight and make some comments.

In trading there is always a right thing to do and a wrong thing. And it gets even more complicated. A trader can make a mistake and do the right thing to get out of the mistake when if he would have held on and not done the right thing exiting his mistake he would have not only gotten back his loss but made more. Right isn’t always right and wrong isn’t always wrong...in trading.. that is. We operate in a fog of uncertainty. Mistakes can be made but they don’t have to be the end of a trading career even with a small account. Remember capital conservation is paramount. So even if you do the right thing and it ends up being what seems like the wrong thing if you have preserved your capital, then in the end, you will have done the right thing. There will always be more trades.

Will post some snapshots tonight. One good trade. One bad trade. Might take another trade. Will see.