The Ultimate E-mini S&P Day Trading Ideas
- Thread starter MarkBrown
- Start date
i only fade traded today 5 trades and won each i took almost no drawdown. when you have slow moving big day down the reversals are violent and quick, these just seem easy for me i have always traded well against the trend.
i use 1 point range bars and track the deviation from a t3 average as the measure of the snap back to expect.
As mentioned, I don't hold overnight, and I do use a trend filter relative to the time frame being traded to determine which moves outside of a 2 std dev should be faded.
However, if I was using the daily bars and std dev bands posted in the image it would have put me long MOC at 3128.75. Lets see what happens in the next couple days. Whether its the cause or not the coronavirus is certainly dominating the news cycle and fear is more powerful than greed and the increased volatility is ALWAYS appreciated.
I am asking for help from anyone & everyone.
I want to trade the emini using pure price action trading. only price and straight lines. i have been working on entry for a long time. will continue to work on it. but I need to know how to set price targets. I have no ideas on that. if someone can help me. I have all the Al Brooks stuff but have not been able to read it. too complex for me.
I can send you my email via private message if you have something we can discuss in private. or just unload to everyone on this thread.
I try google but it does not come with stuff on setting price targets so easy. it keeps referring me to the local Target stores. hahaha.
I am not ready to start trading right now. i will remain in the study mode. but this is an important topic i had not thought about and someone mentioned i needed to look into this.
I would love to find the info on the internet so i could get it free. hahaha. It takes longer to learn to trade this way. but i am not in a rush. I went through bankruptcy lost everything back in 2010. I am over age 75 and this is my hobby where i dream of making a come back before i go to heaven. i think sometimes that heaven is the best solution to everything in this world.
Years ago I had this premonition that I was dying and had made only 2 trades in my life and I thought oh my god. only 2 trades for all this work. and i turned over in bed and died. this a true story. I hope and expect to do better than 2 trades but if it turns out to only be 2. then i have to have good targets. hahaha. for some strange reason i dont understand. i always laugh about me dying. it is going to happen. no avoiding it now. hahaha.
my advice to everyone is do not grow old. stay young. young beats out old.
all you Elite Traders must know the secret to TARGETS. well now is the time to spill the beans.
I want to trade the emini using pure price action trading. only price and straight lines. i have been working on entry for a long time. will continue to work on it. but I need to know how to set price targets. I have no ideas on that. if someone can help me. I have all the Al Brooks stuff but have not been able to read it. too complex for me.
I can send you my email via private message if you have something we can discuss in private. or just unload to everyone on this thread.
I try google but it does not come with stuff on setting price targets so easy. it keeps referring me to the local Target stores. hahaha.
I am not ready to start trading right now. i will remain in the study mode. but this is an important topic i had not thought about and someone mentioned i needed to look into this.
I would love to find the info on the internet so i could get it free. hahaha. It takes longer to learn to trade this way. but i am not in a rush. I went through bankruptcy lost everything back in 2010. I am over age 75 and this is my hobby where i dream of making a come back before i go to heaven. i think sometimes that heaven is the best solution to everything in this world.
Years ago I had this premonition that I was dying and had made only 2 trades in my life and I thought oh my god. only 2 trades for all this work. and i turned over in bed and died. this a true story. I hope and expect to do better than 2 trades but if it turns out to only be 2. then i have to have good targets. hahaha. for some strange reason i dont understand. i always laugh about me dying. it is going to happen. no avoiding it now. hahaha.
my advice to everyone is do not grow old. stay young. young beats out old.
all you Elite Traders must know the secret to TARGETS. well now is the time to spill the beans.
trading is hard work even with lines and it takes time to develop experience. i hope that your not trying to trade for income but if you have mad money you should be trading these micro contracts everyday maybe to practice.
there is nothing like getting skin in the game to learn and understand the markets no matter what method of trading you choose to accept. even lines require work and the market is no respecter of a static line someone places on a chart.
setting a price target takes into account (percentage of wins, tolerance of risk) will then tell you what a reasonable profit target needs to be.
The secret shhhh is not targets. It is exits. No matter what you read, in the grand scheme, the market does not care about where any of us small retail traders put our exits individually.
Deciding where to take a profit is a nice problem to have. Amateurs (don't be one - for long anyway) focus completely on winning trades and positive "winning attitude" to their detriment.
Initially a trader has to decide where to get out ... if they are wrong about the trade. It is in no way being negative to think each trade might be a loser. Right from the start. Protecting trading funds is the first priority.
If instead the trade does turn into a profitable one next they have to have a place away from current price it needs to move against the current profit to decide now is the time to exit flat.
So either way, winner or loser it all comes down to where you are wrong. Initially or continuing with trade.
Deciding where to take a profit is a nice problem to have. Amateurs (don't be one - for long anyway) focus completely on winning trades and positive "winning attitude" to their detriment.
Initially a trader has to decide where to get out ... if they are wrong about the trade. It is in no way being negative to think each trade might be a loser. Right from the start. Protecting trading funds is the first priority.
If instead the trade does turn into a profitable one next they have to have a place away from current price it needs to move against the current profit to decide now is the time to exit flat.
So either way, winner or loser it all comes down to where you are wrong. Initially or continuing with trade.