Techniques for Day Trading the ES, NQ, YM, MES, MNQ, and MYM
- Thread starter volpri
- Start date
Lmfao!!! bahahahah ahhahahah ahhahahah hahah the only color in trading that matters is if you are green or red!
Leave him alone? um...are you 7 years old? I said lets do something real time before it happens instead of historical studies because at some point that would be application versus theory or forward testing versus back testing but I rest my case. Since I need to leave this colorful journal alone..ahaa
Personally I am just trying to wake some people up from going down a path to ruin by adding to losers.
Leave him alone? um...are you 7 years old? I said lets do something real time before it happens instead of historical studies because at some point that would be application versus theory or forward testing versus back testing but I rest my case. Since I need to leave this colorful journal alone..ahaa
Personally I am just trying to wake some people up from going down a path to ruin by adding to losers.
you got the roadkill part right.
said the fly
A simpleton like him couldn't be expected to understand the difference between scaling in within a defined, disciplined trade plan and "adding to losers".
For grown adult traders to be continually harking on about some fuckin' guru they adore and follow every breathing moment, sheeesh, ffs.
It displays a lack of originality in the trader, a lack of, well..... ORIGINALITY!!!
Same with this ACD Method.
There's nothing wrong with listening and learning from some said 'expert' but to then want to emulate and follow, ya, that's why churches are full of converts (in a prison).
It displays a lack of originality in the trader, a lack of, well..... ORIGINALITY!!!
Same with this ACD Method.
There's nothing wrong with listening and learning from some said 'expert' but to then want to emulate and follow, ya, that's why churches are full of converts (in a prison).
Almost everything I use on a regular basis I learned from someone else. What is my own is how how I put it together. Anyone who knows my trading will tell you that there is no one who has "put it together" and trades like I do. And yet everything I use is out there and freely available and much of it is well over 100 years old.
That's fine.
My method(s) are 100% home grown, never read it, never heard it mentioned.
In actual fact, only very recently (months) have I ever watched a video on someones trading methods, I do so now only out of boredom, for example this weekend watched Ken Fisher and ACD but gave up quickly after an hour or two, definitely not my style.
Everything I do in trading is orginal, even my coding is ground up self designed, I know no one who is using how I create and implement algos.
Was using Amibroker for many years but no longer.
In my post 970 concerning implied PB’s in a BULL trend. We see the entries on trades 1-9. The idea is to enter long on the close of the bar and the red down arrow is the area I am averaging down in (i.e. scaling down) or adding to my losing initial long position. Then I wait for the bull to resume and exit on any bar that is above my initial entry. The “tightest” SL I should use is below the low of the previous major high. A major high is when a BO, that has follow through and is relatively strong, takes place. Another way of saying it is place the tightest SL below the LAST swing low. For instance, take entry 6. The close of that bear doji is the entry for trade 6. The “closest” SL goes below the low of that bear that is after entry 5. The farthest or biggest SL is the swing low after entry on the bear doji on entry 4. There was a major BO after the long entry of 4. So that subsequent move up is a major high. I want the “largest” SL for trade 6 entry to be below that larger first bull bar of the BO that occurs after entry 4. Of course, by entry 6 entry 4 has been made and exited already.
Understand I am dealing with TWO SL’s areas. The tightest one and the widest one. These are logical areas for the SL and they are based on price action NOT “x” amount of points. They are thus price action SL’s. When trading that is utilizing averaging down, too tight a SL will have a trader/scalper losing on most of his entries and he will have a low win rate. Low win rate is detrimental to a scalper of 1 to 8 points in the ES. The idea is to grab them profits..maintain a high win rate and look for multiple entry and exit points AND compounding when the opportunity presents itself.
Notice the yellow box. Range behavior is starting to dominate the trend up. So now I am looking to trade the range using implied PB’s providing it is a broad enough range to make 1 to 8 points scalping. Generally that means at around three times as broad as the average size bar in the trading range behavior. And three times as broad as the minimum scalp (which is one point). So, trade 9 is trading an implied PB for a long trade within trading range behavior. Now trade 10 we are in a bear trend (bear bar before entry doji of 10) so now the below applies. I am now gonna trade implied PB’s from a bearish move perspective.
“In a bear trend or bearish move a doji (with a tail on bottom ...even if large tail closing near it’s high) or a bull bar and either one doesn’t close above the high of the previous bar then either one is an implied pullback.”
Trades 10 thru 15 are those entries. The entry is the close of the doji or bull bar on the entry bar. The PT is below the initial entry short on the entry bar. The averaging down or adding to the losing short position is the green arrow area.
The closest SL is the previous swing high. The widest SL is two swing highs back.
Understand I am dealing with TWO SL’s areas. The tightest one and the widest one. These are logical areas for the SL and they are based on price action NOT “x” amount of points. They are thus price action SL’s. When trading that is utilizing averaging down, too tight a SL will have a trader/scalper losing on most of his entries and he will have a low win rate. Low win rate is detrimental to a scalper of 1 to 8 points in the ES. The idea is to grab them profits..maintain a high win rate and look for multiple entry and exit points AND compounding when the opportunity presents itself.
Notice the yellow box. Range behavior is starting to dominate the trend up. So now I am looking to trade the range using implied PB’s providing it is a broad enough range to make 1 to 8 points scalping. Generally that means at around three times as broad as the average size bar in the trading range behavior. And three times as broad as the minimum scalp (which is one point). So, trade 9 is trading an implied PB for a long trade within trading range behavior. Now trade 10 we are in a bear trend (bear bar before entry doji of 10) so now the below applies. I am now gonna trade implied PB’s from a bearish move perspective.
“In a bear trend or bearish move a doji (with a tail on bottom ...even if large tail closing near it’s high) or a bull bar and either one doesn’t close above the high of the previous bar then either one is an implied pullback.”
Trades 10 thru 15 are those entries. The entry is the close of the doji or bull bar on the entry bar. The PT is below the initial entry short on the entry bar. The averaging down or adding to the losing short position is the green arrow area.
The closest SL is the previous swing high. The widest SL is two swing highs back.
Yeah but you're special Mickey
