Have you read and studied my other posts on PA range identification..etc in this thread? I invite you to do so. You might find your answer there.
Techniques for Day Trading the ES, NQ, YM, MES, MNQ, and MYM
- Thread starter volpri
- Start date
You are free to believe what you want. But you might want to trade the concepts on at least a SIM before declaring them to be a hoax.
PS I am sure ET would love to see a few of your trades????
Now may I ask why would I go to all the trouble and time to mark up a chart then type up and explain the concepts? I am not selling anything. I have asked for nothing. I have no plans to sell anything. I don't want the headache. Why should I waste my time selling something when I can trade? I am just trying to help traders by explaining how I trade. I openly discuss my strategies and tactics. I will be the first to say I have learned from many others. But I had to adapt what they taught in ways to fit how I like to trade. So many of the strategies and tactics I use are built upon the foundation of others and I might say, many others. Others strategies and tactics are my own inventions. My adaptation may look like a "secret sauce". If it is, I still spill the beans on any "secret sauce". How many traders do that here on ET? Spill their secret sauce? I haven't asked for a single dollar, nor have I tried to sell a course, not so much as a booklet but I can tell you where you can find much more detailed info on many of these techniques but then I would be accused of being a shill. So that is that. If you don't like what you see I suppose you can ignore the thread??
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Can you please use "scaling in" instead? What rules do you have for doing this?
Why not? You mean manual trading?
This isn’t manual trading, unless clearly defined rules can be transferred into a manual or program assisted simulation of thousands of trades. Nothing can be learned here without a mapped framework.
Lol. 10 minutes of that would give me a headache. Haven’t seen a chart in years. I’m not seeking attention or OPM, so I have no incentive to disclose trades. I’m here to shoot the shit, or give/take an industry opinion, or advice.
That seems to be pretty obvious you have not looked at a chart in years. And whatever you gonna shoot are you just full of it? LOL. Getting away from the arctic circle may help?
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I don't get it. What framework? He is trading the charts within the overall context. Are you saying this doesn't work because charts don't work?
I believe you're using the data (order flow, market depth) in the DOM along with your chart analysis to help make trade decisions because you've made the following scalper analysis...
[This channel is broad enough to scalp both ways but the safer bet is obviously short scalping]
Then you make other commentary that has nothing to do with scalping...
[I trade off a 5 min chart with an occasional GLANCE at a 15 or 30 min just to see where the price action in the 5 min chart is located at in the 15 and 30 min charts.]
[Most scalping trades are gonna last 60 seconds to 30 minutes.]
Further, you've made commentary in other threads that was specifically about scalping such as agreeing with scalpers that a trader does not need timeframes to scalp although you did not imply you're one of those types of traders but the trader making the commentary used the DOM to make his trade decisions.
Also, I will disagree with you that scalpers can hold trades for 30 mins, 20 mins, 10 mins nor 5 mins but most retail scalpers are closer to the 60 seconds as you noted. In contrast, algo's (something you've reference many times here at ET) are high frequency trades in milliseconds (not minutes) and via automation.
- In contrast, you've made a reference in this thread that you're trading manually and someone question you about that meaning. I think you were stating that your trading is not automated and its via chart analysis ?
Yeah, platforms can mark trades on charts but the chart does not differentiate between real money or simulator trades.
- Regardless, how hard is it to make a screenshot of the timestamp trade fills in your broker trade execution platform in comparison to making a screenshot of the chart with all that annotations (notes)...a few seconds...maybe ?
In fact, there's many good educational threads at this forum where the trader does not discuss specific trades nor trade performance...some even discuss their analysis of the price action in real time with accuracy about what they expected the price action will do.
The believe quote by you was in reference to the quote by digitalnomad.
Your reply below is to the above quote...
Digitalnomad did not say anything about selling. Yet, a lot of traders at this forum do (have) go to all the trouble to mark up charts to later state in the thread the charts do not represent real money trades but only after they were questioned many times about such whenever the trade performance was mentioned by the traders marking up their charts.
Simply, they went to all the trouble to mark up charts for popularity and/or give back to the community and to be believed when/if questioned if the concepts are making them money.
Thus, you're asking for something (e.g. to believe you) especially when you make the commentary about your profits and high win rate.
The point I'm making if you still don't understand...the best way to not talk about nor answer any questions about your trade performance (you refer to it as a dead end)...don't mention your trade performance.
Yet, its still a public forum and when traders continue talking about their trade performance...it opens the door to other conversations about the trade performance that you may consider to be a dead end.
Other than that, if I ignore the scalping commentary, ignore the DOM commentary because it contains no screenshots of the DOM to understand what you're talking about in reference to the DOM itself and ignore the trade performance commentary because as you stated...its a dead end...
It's a good education thread because the annotations on the chart with the message posts are very clear and explains what you see in the price action even though you've now stated you only use the DOM for trade executions when in fact your prior commentary about the DOM was in reference to pressures that you saw in its price action of the DOM.
- Actually, my only question or curiosity remaining involves your position size management considering you use different position size as in you do not use the same size for each trade.
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Yes I think it's mostly semantics but averaging down has bad connotation. To me, scaling in means you have decided ahead of time where an how much. Averaging down sounds like - sh*t I'm early but let me work the trade.