I checked but don't see a sale on PBE. Looks like 9.99
Techniques for Day Trading the ES, NQ, YM, MES, MNQ, and MYM
- Thread starter volpri
- Start date
Yeah, back to the original price. The $7.99 price lasted for a week or so. The $4.99 price only lasted for two days.
It may occur that over time and as your system becomes more saturated with the new berb supp that as the weeks roll by your blood sugar may decline to acceptable and remain there even if the dosage is reduced to the 1 before meals regimen that works for ondafridge. ymmv.
There is one thing about all this to keep in mind: Even though you take something to control blood sugar levels, depending on your diet, you could still have high blood insulin levels, which is just as bad. And not sure if Berberine lowers insulin levels, as well as blood sugar levels. So eating a healthy diet and keeping foods that tend to raise blood sugar levels to a minimum, which will also keep insulin levels to a minimum, is still important. Well, except for Thanksgiving and Christmas! lol
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This is one reason why I prefer being a discretionary trader.
Further, "a computer with the same memory and processing power as the human brain would require around 1 gigawatt of power, or 'basically a whole nuclear power station to run one computer that does what our 'computer' does with 20 watts…'"
Here is a link to the article.
https://www.wnd.com/2021/12/elon-musk-predicts-chips-will-implanted-human-brains-2022/
Further, "a computer with the same memory and processing power as the human brain would require around 1 gigawatt of power, or 'basically a whole nuclear power station to run one computer that does what our 'computer' does with 20 watts…'"
Here is a link to the article.
https://www.wnd.com/2021/12/elon-musk-predicts-chips-will-implanted-human-brains-2022/
I have downplayed volume in this thread. Why? I find it isn't necessary for scalping the way I like to scalp. However, that does not in any way, on my part, express any sort of disdain for volume. VOLPRI...you guessed it stands for Volume and Price. Hithertofore, I have focused on Price Action only, with an occasional glance at volume or an occasional comment on volume.
In the coming months and once I get my health back up to par, I will focus some on volume and it's role in price movement. For scalping it complicates things. It can be very useful in longer term trading and can even be used in scalping to better zero in on more precise entries, especially when using averaging down techniques. But, it is not necessary in order to scalp successfully, as I have defined scalping, in this thread.
Price is one part of the picture. Volume is a second part. The spread from High to Low of a bar is a third part. The open and close indicate who wins the bar. Bears or bulls.
All charts are simply graphical representations of pressures at play in the market. It does not mean that a Hedge Fund is trading off a 5m chart. Although some may be doing so. Nor does it mean other institutions are trading off a 5m chart. Some are just filling orders for clients without any regard to ANY chart TF. However, any pressures, bullish or bearish, ALWAYS shows up on a chart and on EVERY TF. It is useful to refer to these pressures simply as; bulls and bears. That in no way means there are bullish institution trading off a 5m chart beating the bearish institutions trading off a 5m chart. LOL. Nor that the bullish 5m institutions won a specific bar and the 5m bearish institutions lost it. Although that may be the case as some may trade 5m charts. Consider too that daytraders trade enough size to be considered institutional. By using the terms bulls and bears and am referring to bullish and bearish pressures and not 5m chart bullish institutions and 5m bearish institutions. I hope this is clear.
Tape Reading is the interpretation of volume and correlating it with price and with the range of a bar or several bars. When talking of tape reading here, I am talking of classical CHART Tape Reading, NOT trying to read the tape via time and sales.
So, in the coming months I hope to show some of these concepts of tape reading and how volume fits into it. But first I have more Brooks stuff to talk about since he deals basically with price only. I want to finish that first. Then I will deal with the fundamental principles of classical tape reading. Finally, I hope to demonstrate the principles in action, on either live trading or demo live trading.
But here is a little preview of combining Brooks....classical chart tape reading...and spread analysis by Tom Williams to trading on a 2m and 5m charts. These trades were taken during today's PA in MES within the first hour and 45 minutes of trading. Seven trades 1 loser (first trade) and 6 winners. All were trading very small size 1 to 3 contracts in MES so as to show how a small account may trade. However, the exact same thing would apply to trading larger size or jumping to ES. Those conditions would be determined by a trader's account size.
Just a preview (more to come in later months) of combining the aspects of all three things: classical chart tape reading, Brooks, and Williams. The trades were actually taking from the 2m chart as price was in what Brooks would define as a TR or trading range behavior. You can see how they panned out on the 5 m chart before the TR was established on the 5 min chart. I actually started trading the TR behavior early (before and establishe Tr of 20 bars) even on the 2m chart, however, if you dial down to a 1m chart an established TR (20 bars sideways movement) had already been accomplished by trade #2 on the 2m chart. Maybe that is why T#1 was a loser?? ROFL.
In my world view of trading indicators for the most part are useless except for a couple of MA's which help to clarify some setups and general trends..gaps...etc. In my view the concepts of Brooks, Tom Williams (in volume spread analysis), and Classical Tape Reading are far more useful. But that is my opinion. You may totally disagree.
Less than a couple hours trading and netting 120 bucks trading small size in a micro is not too bad for a couple hours work. And a high win rate. Which of course I am biased towards.
Finally, the charts and their annotations are not meant as a complete, thorough. and super accurate example. but just a general example of the concepts that I hope to bring out later, in coming months.
In the coming months and once I get my health back up to par, I will focus some on volume and it's role in price movement. For scalping it complicates things. It can be very useful in longer term trading and can even be used in scalping to better zero in on more precise entries, especially when using averaging down techniques. But, it is not necessary in order to scalp successfully, as I have defined scalping, in this thread.
Price is one part of the picture. Volume is a second part. The spread from High to Low of a bar is a third part. The open and close indicate who wins the bar. Bears or bulls.
All charts are simply graphical representations of pressures at play in the market. It does not mean that a Hedge Fund is trading off a 5m chart. Although some may be doing so. Nor does it mean other institutions are trading off a 5m chart. Some are just filling orders for clients without any regard to ANY chart TF. However, any pressures, bullish or bearish, ALWAYS shows up on a chart and on EVERY TF. It is useful to refer to these pressures simply as; bulls and bears. That in no way means there are bullish institution trading off a 5m chart beating the bearish institutions trading off a 5m chart. LOL. Nor that the bullish 5m institutions won a specific bar and the 5m bearish institutions lost it. Although that may be the case as some may trade 5m charts. Consider too that daytraders trade enough size to be considered institutional. By using the terms bulls and bears and am referring to bullish and bearish pressures and not 5m chart bullish institutions and 5m bearish institutions. I hope this is clear.
Tape Reading is the interpretation of volume and correlating it with price and with the range of a bar or several bars. When talking of tape reading here, I am talking of classical CHART Tape Reading, NOT trying to read the tape via time and sales.
So, in the coming months I hope to show some of these concepts of tape reading and how volume fits into it. But first I have more Brooks stuff to talk about since he deals basically with price only. I want to finish that first. Then I will deal with the fundamental principles of classical tape reading. Finally, I hope to demonstrate the principles in action, on either live trading or demo live trading.
But here is a little preview of combining Brooks....classical chart tape reading...and spread analysis by Tom Williams to trading on a 2m and 5m charts. These trades were taken during today's PA in MES within the first hour and 45 minutes of trading. Seven trades 1 loser (first trade) and 6 winners. All were trading very small size 1 to 3 contracts in MES so as to show how a small account may trade. However, the exact same thing would apply to trading larger size or jumping to ES. Those conditions would be determined by a trader's account size.
Just a preview (more to come in later months) of combining the aspects of all three things: classical chart tape reading, Brooks, and Williams. The trades were actually taking from the 2m chart as price was in what Brooks would define as a TR or trading range behavior. You can see how they panned out on the 5 m chart before the TR was established on the 5 min chart. I actually started trading the TR behavior early (before and establishe Tr of 20 bars) even on the 2m chart, however, if you dial down to a 1m chart an established TR (20 bars sideways movement) had already been accomplished by trade #2 on the 2m chart. Maybe that is why T#1 was a loser?? ROFL.
In my world view of trading indicators for the most part are useless except for a couple of MA's which help to clarify some setups and general trends..gaps...etc. In my view the concepts of Brooks, Tom Williams (in volume spread analysis), and Classical Tape Reading are far more useful. But that is my opinion. You may totally disagree.
Less than a couple hours trading and netting 120 bucks trading small size in a micro is not too bad for a couple hours work. And a high win rate. Which of course I am biased towards.
Finally, the charts and their annotations are not meant as a complete, thorough. and super accurate example. but just a general example of the concepts that I hope to bring out later, in coming months.
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Hello Volpri,
Great chart analysis and mark up.
Question please:
Is your reasoning for averaging in on trades due to 1. Not trusting your entry technique or 2. You know from experience it is challenging to get accurate entry using all in and all out method. ?
In other words, for your trading, why do you scale in vs all in and all out method?
Thank you,
Great chart analysis and mark up.
Question please:
Is your reasoning for averaging in on trades due to 1. Not trusting your entry technique or 2. You know from experience it is challenging to get accurate entry using all in and all out method. ?
In other words, for your trading, why do you scale in vs all in and all out method?
Thank you,
Neither 1 nor 2. Averaging down is a losing strategy if one is doing it to avoid a loss. Why? It may work then it won’t work and if one keeps adding the losses can mount. To even consider averaging down there has to be a logical reason to do so.
Look at the chart below:
When price is in a TR somewhere near 70% to 80% of BO attempts top or bottom will fail. A BO attempt is any move in the top or bottom 1/3 of the range or outside the top or bottom.
S, knowing this stat, if I am employing the trading technique of fading the edges of a range then I want a position on once price gets into the bottom or top 1/3. Why? Well look at the chart and see the BO attempts that got into the 1/3 area then that was as far as it got then price just reversed back towards the other side. I don’t want to miss those trades!
Look at bars 5:45, 5:50, 6:05, 6:10, 6:15, 6:20, 6:25,7:30, 7:35, 7:45, 7:50, 8:05, 8:10, 9:25, 9:30, 9:40, 9:45, 9:50, 9:55. In all these price price went to top or bottom 1/3 (in some cases both top and bottom) but didn’t actually BO of the top or bottom of the TR. They were failed BO attempts. Why should I miss those trades?
I know the stat of BO failure rate of 70% to 80% in a TR. So, I want a position on (any position..something on fer crying out loud…) once it gets into that 1/3 top or bottom. And if it goes against me I will add, being cognizant of the BO failure stat.
If it suddenly reverses and never makes it to the top or bottom, or out of the top or bottom, at least I will get a scalp BECAUSE I HAD A POSITION …SOME POSITION ….ON.
Look at bars 5:40 5:45 then suddenly reverses towards the top. Look at bars 6:00 thru 6:25 gets into top 1/3 then suddenly reverses. Same thing bars 8:05 and 8:10 bottom 1/3 then suddenly reverse. So, in any of those cases I am willing to take a position right off the bat…any position…but something…… then add to that position if it moves against me for a bit. I am building a bigger position betting the BO will fail. Plus my BE price and profit area when averaged down, is closer to actual PA at the moment, thus increasing the odds of getting an enough move down or up, to give me a profitable scalp. Even if I BE or lose on my first entry but make money on my latter entries.
I will scale in and ALL out when scalping in a TR. Once I get a decent profitable scalp I am going to get greedy and grab it. Why? Because we are in a TR. What happens at the top or bottom of TR’s?
I will even lock in profits this way when in a trend and just repeat over and over. I believe in taking what the market gives me. There are plenty of trading opportunities during the session. Almost any 5 minute bar can be traded and money made using different techniques.
These things said, I will also average down in the middle of a chart betting on price probes that are bouncing back and forth in TR price behavior even if not a TR.
Hope this helps.
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Good Morning Volpri,
Thank you so much for the time and effort and energy responding to my questions. Very interesting. I do recall the theory of 80% of BO failed from my studies.
Let me study your post before responding back with questions or comments.
Thank you sir