This is my problem with this thread. I've given good effort just understand entry, target, stop, and I still don't know. I would love 2 sentences, that clearly explain, entry, target, and stop. Just the mechanics.
Yea, I wish he would to so I can front his orders and get my three ticks. Scalping is highly competitive style of trading, unlike day trading which is also skilled, but in day trading if you off 1-2 ticks it is not going to matter as much as going for less than a point and in TraderEX's case one tick. Trading the first 45 minutes, you can push through almost any kind of size on specialized limit orders, but after the 45 minutes, volume changes as you can see on the Dome, and the very last thing you want to show is one or couple all piling on with limit orders at one price with trading slows down. Being this is week before Labor Day, many are taking that last vacation before school starts for their kids, so volume going to be lighter.
I am guessing he is not going to reveal much of how he is trading, cause he knows the vultures, including me will keep sharp eyes for the nuances.
For myself, back in 1990s I learned I had to break down price, how swings are formed, mean averages of swings and different times of the day session, often times based on volume, why some bars have much volume why some much less, then "waves" and mean averages, a little bit of Elliott, so many trend waves and 2-3 counter. What is the mean average of a swing, so you have a better idea of probabilities of where you are in a trend, at what point do you stop taking trend trades, I have identified two dozen patterns of reversals of trend probabilities, and based on support and resistance whether be monthly to one minute trend lines. The are guys I wish I could sit next to for a year to gain more knowledge that understand volume better as they have watched for 20 years.
I often will be reading pre 2008 material on ET, and one guy who I find fascinating is Lescor,
https://www.elitetrader.com/et/threads/grinding-it-out-day-after-day.187730/
I find TraderEX's interesting as I have never been able to back test getting one tick as often as he has shown, my risk is a mountain compared to what he is risking, but whatever works.