Maybe he is a troll? Or just a longer term trader that has yet to figure things out. I don't have the time to go through his posts but I know, very clearly, he is against any and all averaging down, regardless of what I post or the trades I show that utilize scaling in.
Techniques for Day Trading the ES, NQ, YM, MES, MNQ, and MYM
- Thread starter volpri
- Start date
LOL Life can be fun. It is of always a greater sense and feeling of well being, giving, instead of taking. I think the scriptures, that sacred book, says something about "it is more blessed to give than to receive". Correct me if I am wrong.
Being able to help others. It ain't gonna hurt me in any form or fashion to give away things about trading. I have no edge to hide. Most will never wade through my posts but a FEW will. I hope it helps them in their SIM trading ROFLMAO.
"Edges" have to be earned regardless of one's quality of information. You could show a hundred people a profitable methodology with defined signals and trade management rules and only a handful will master it. It still takes a great deal of effort and time to fully understand, apply the principles and make a methodology one's own. No two people trade exactly the same because no two people are exactly the same. That teaching someone how to trade somehow lessons one's own efficacy is nonsense.
And there may even be the tiniest fraction that may God Willing, even trade live after all your instructions to "Only Trade Sim"
Just have to carefully pick up the "Bread you Cast on the Waters"
I ain't saying! I refer you to my post #1252. LOLAnd there may even be the tiniest fraction that may God Willing, even trade live after all your instructions to "Only Trade Sim"
Just have to carefully pick up the "Bread you Cast on the Waters"
Hopefully even Fedex will grab some before it or he sinks
YES, and for you and any Lawyers or other wannabee enforcers - Let the record show that I have read #1252 !
Good!
Definitions:
SPBT = small pullback trend day
SPBL = small pullback bull trend
SPBR = small pullback bear trend
Here is my last ES trade for the day. I got to run an errand. On this last trade I, right at, doubled my net profit for the day that I had up to this last trade. With the last trade I made an entry then added to the losing entry 4 times exiting all positions with a profit on my last 4 long entries and a 1 tick loss on my first long entry of the averaged down trade.
I removed the ranges on chart as they are not that relevant now to price action. This has been more of a SPBL trend day for a couple of hours or say since 12:00. However, with the ranges gone it is apparent that the SPBL actually started around 9 a.m. However, at THAT starting time for the SPBL we could not tell is was gonna be a SPBL trend day but we could clearly see a broad range and a smaller range in the broad range. Therefore, I traded what was in front of me and that was a broad range with a smaller range at the top of the broad range and price trading near the top of both ranges. So, I used techniques for trading ranges. I did allude to things evolving into a SPBL trend before it was clear (see my post 1260 at 11:01 Chicago time) and that is indeed what the day panned out being. It isn't always easy to detect an emerging SPBT trend day until an hour or two after the market opens and price plays out. But until that becomes clear I just trade what I see in front me using appropriate techniques.
I will say this. Very often a SPBL trend day will have this sort of price action. A strong move on the market open followed by sideways movement where the action slows down like paint drying. Sometimes, I will jump in trading PA as a SPBT (small pullback trend day...bearish or bullish) once I see a PB like that PB that happened around 9:00 to 9:35 followed resumption of the trend (9:40). In other words, I will just take a chance we are going to see SPBT day action most of the session. However, today I just chose to trade most of the trades based on the ranges.
Hallmark of SPBT days: Relentless slight sloping trend with every PB being bought or sold. Depending if bull or bear trend. The next sign is PA often very slow like paint drying. I like averaging down in these SPBT days.
When price action is slow it is very hard to make money without some sort of scaling in. Think about it! I just have in mind what I will do to mitigate things if volatility shows up, and I get caught on the wrong side.
This last and 5th trade is a SPBL trend day trade. Buying the PB's and scaling in then exiting on surges. Even in a slow market.
So, 5 trades in the ES. One loser (minor and by mistake) and 4 winners.
I am a scalper and this is how I scalp.
SPBT = small pullback trend day
SPBL = small pullback bull trend
SPBR = small pullback bear trend
Here is my last ES trade for the day. I got to run an errand. On this last trade I, right at, doubled my net profit for the day that I had up to this last trade. With the last trade I made an entry then added to the losing entry 4 times exiting all positions with a profit on my last 4 long entries and a 1 tick loss on my first long entry of the averaged down trade.
I removed the ranges on chart as they are not that relevant now to price action. This has been more of a SPBL trend day for a couple of hours or say since 12:00. However, with the ranges gone it is apparent that the SPBL actually started around 9 a.m. However, at THAT starting time for the SPBL we could not tell is was gonna be a SPBL trend day but we could clearly see a broad range and a smaller range in the broad range. Therefore, I traded what was in front of me and that was a broad range with a smaller range at the top of the broad range and price trading near the top of both ranges. So, I used techniques for trading ranges. I did allude to things evolving into a SPBL trend before it was clear (see my post 1260 at 11:01 Chicago time) and that is indeed what the day panned out being. It isn't always easy to detect an emerging SPBT trend day until an hour or two after the market opens and price plays out. But until that becomes clear I just trade what I see in front me using appropriate techniques.
I will say this. Very often a SPBL trend day will have this sort of price action. A strong move on the market open followed by sideways movement where the action slows down like paint drying. Sometimes, I will jump in trading PA as a SPBT (small pullback trend day...bearish or bullish) once I see a PB like that PB that happened around 9:00 to 9:35 followed resumption of the trend (9:40). In other words, I will just take a chance we are going to see SPBT day action most of the session. However, today I just chose to trade most of the trades based on the ranges.
Hallmark of SPBT days: Relentless slight sloping trend with every PB being bought or sold. Depending if bull or bear trend. The next sign is PA often very slow like paint drying. I like averaging down in these SPBT days.
When price action is slow it is very hard to make money without some sort of scaling in. Think about it! I just have in mind what I will do to mitigate things if volatility shows up, and I get caught on the wrong side.
This last and 5th trade is a SPBL trend day trade. Buying the PB's and scaling in then exiting on surges. Even in a slow market.
So, 5 trades in the ES. One loser (minor and by mistake) and 4 winners.
I am a scalper and this is how I scalp.
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