You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Trader Jeffs YM "Scalp" Trade Journal
- Thread starter jbales63
- Start date
Quote from jbales63:
Ive been viewing journals for awhile ,,And thought I'd start one.
I trade for a living , I use a "make some money everyday" kind of philosophy. I trade for small objectives , tight stops. Using primarily
price action, volume and DOM. The methodology is rule based discretionary trading I would like to show examples of this type of trading as being successful. I hope to post daily trade data and chart of days activity. What is a good format for that..do I keep adding to original thread or start new one for the day.
Thanks
You won't make money scalping ES.
Quote from Notes123:
You won't make money scalping ES.
Most don't, just like most don't make money trading futures of any type or method. I use the term scalping for lack of a better term. A true scalp couldn't be done on the screen. It originates from someone stepping between the bid and offer then dumping it for a tic or two in the pit.
I consider approximately 5 to 6 handles a day per contract 4 of 5 trading days as "making money". The above attachments were show today's activity on ninja trader/ Amp CQG. Its an example that I can make money this way. Everyone finds what works for them. "scalping
" works for me"
Is that commission correct? $6 for a round turn? That seems a bit high, even in the volumes you are doing.
I believe you said you use AMP, but I thought their commission rates were in the neighborhood of IBs pricing, which is about $5.
I believe you said you use AMP, but I thought their commission rates were in the neighborhood of IBs pricing, which is about $5.
Quote from TheGoonior:
Is that commission correct? $6 for a round turn? That seems a bit high, even in the volumes you are doing.
I believe you said you use AMP, but I thought their commission rates were in the neighborhood of IBs pricing, which is about $5.
The commission is $6.00 AMP is FCM but clears for my Broker is Global Futures. With more trading and a jump to multiple contracts I'm sure it will come down.
Quote from Sidw:
I see you shorted at 63.25 added on at 65 and held through the pullback to make a nice profit. Was it because you believed that the market was still in a bear channel from the overnight session that you did this?
I have high lighted the area looked at 1,2,3
I didnt note prices at the moment I cant remember the 2 prices creating extended channel but yes. Additional rational is as follows
Box 1 only one bar of directional volume to push higher into channel
overall low volume
Box 2 flat falling adx
Box 3 trade at bid,offer nuetral
T/S no real size to signal any real positions being taken in that range and time
DOM possibility of many sellers getting in on the way up
Risk to reward in my estimation was worth looking for cross over to hook and return on low volume and no real volume lifting offer
Attachments
Quote from jbales63:
I have high lighted the area looked at 1,2,3
I didnt note prices at the moment I cant remember the 2 prices creating extended channel but yes. Additional rational is as follows
Box 1 only one bar of directional volume to push higher into channel
overall low volume
Box 2 flat falling adx
Box 3 trade at bid,offer nuetral
T/S no real size to signal any real positions being taken in that range and time
DOM possibility of many sellers getting in on the way up
Risk to reward in my estimation was worth looking for cross over to hook and return on low volume and no real volume lifting offer
I shoud have added this was all being done against R1 for the day good chance of sellers stepping in to defend 1367.25