Trading Styles for ES

Quote from VisionTrader:



What's a scalp to you? How many points? What's your risk/reward? How many trades per day?
More...

For me, a scalp is 1-2 points. RR must be at least 2:1. I get about 2 or 3 good setups per day, sometimes none. Size is the only way to make this one pay off.

BTW, this is one of those rare, enjoyable threads around here. Too bad it's constantly sullied by one heckler. Oh well, I guess you can't have everything.

Uni
 
Quote from VisionTrader:



1) Do you try to read her hand each morning and hope to establish a position for the day? If so, what are you looking for in points? How do you set your stop loss?

2) How and when do you determine your position? Early morning?

3) I assume from your post that when you scalp, you trade several contracts. You said your stops are tiny. How tiny? Are they a lot less than my 1 or 2 pt stops? And what are your profit targets on these scalps?

Thanks for helping.

4) Do you have positions open for several days or is it a daily strategy?
More...

1) On the non-scalping trades, I don't try and read her hand... instead, I prefer to let her take my hand and guide me... I have no specific points target, if I have been guided into a trade by Mother Market... I exit on a discretionary basis...

2) Positions can be established at any time of the day...

3) On scalps 0.75pt to 1pt is my stop... my profit targets are identical to whatever stop I got in on... on scalping I am proactive and set targets...

4) All intraday for ES...
 
Quote from Uni:



For me, a scalp is 1-2 points. RR must be at least 2:1. I get about 2 or 3 good setups per day, sometimes none. Size is the only way to make this one pay off.

BTW, this is one of those rare, enjoyable threads around here. Too bad it's constantly sullied by one heckler. Oh well, I guess you can't have everything.

Uni
More...

Thanks Uni. This helps me relate what I am doing with my 2 point trades. My goal is to steadily increase my contract size as I earn the right by growing my account. I am a trading grasshopper, but am pretty good at catching the small moves. I am experienced to a degree, just been in the FOREX world for a while. Think GOD sent me there to learn my lessons painfully so I would respect this profession.

Also, I tell my soccer team. "If you can't say something positive or constructive, don't say anything at all" But coach, he never passes the ball and always yells at us for doing the wrong thing. Just ignore him kids and make positive comments to help him. He's a good person, he just needs a little self-confidence. We went on to win a lot of games and this person became our captain and one of my best players. Some you ignore and they quit the team. Only that person knows what he/she wants out of life. We all control our own thoughts and deeds and this is our greatest gift.
 
Quote from candletrader:



1) On the non-scalping trades, I don't try and read her hand... instead, I prefer to let her take my hand and guide me... I have no specific points target, if I have been guided into a trade by Mother Market... I exit on a discretionary basis...

I am hearing this and it is starting to sink in. I think I may be too ridgid in my trading. There have been several times when I saw a signal to get out of a trade before my actual stop was hit. I usually don't. I should probabaly begin to heed this advice.

2) Positions can be established at any time of the day...

Got it

3) On scalps 0.75pt to 1pt is my stop... my profit targets are identical to whatever stop I got in on... on scalping I am proactive and set targets...

10-4 Good Buddy. Thanks for sharing this. It really helps me put my system in perspective.

4) All intraday for ES...
More...

Thanks again.
 
quote from ElectricSavant :

You must research yourself.....you will get it......If I handed you a system on a platter with all the fixins......you would not appreciate...

Make it you own.......there is no grail ok? You heard it from me!
More...
Exactly! Many traders have tried a lot of trading techniques and failed ... and simply settled on something that worked. Find one that works for you ... and work it.
 
Quote from VisionTrader:

I am interested in finding out how others trade the S&P emini futures. I trade a system that targets 2 point moves most of the time. I guess I am a scalper, not really sure. My risk on these trades is very small.
Does anyone take a daily position, in the morning before the open in anticipation of the direction for the day? Is this successful?

Yes , but not frequently because if You do you have to forget about tight stops. Which I do not like to do.



What type of targets do you look for? And how do you handle your stops? How do you handle the erratic moves at the open?

Half of the size of a previous swing is a target and so is a stop. They are not that erratic if you know about cycles.


Sorry for all the questions, feel free to be brief. It just seems interesting to me and I don't know anyone who trades the ES this way.


I think you method is good but it needs some addition to make it really good.
Walter
More...
 
Quote from ElectricSavant:

You must research yourself.....you will get it......If I handed you a system on a platter with all the fixins......you would not appreciate...

I state on a record here that I would appreciate if you hand me ( or post it here )a system on a platter with all fixings.
Walter
More...
 
Quote from Walther:

Quote from ElectricSavant:

You must research yourself.....you will get it......If I handed you a system on a platter with all the fixins......you would not appreciate...

I state on a record here that I would appreciate if you hand me ( or post it here )a system on a platter with all fixings.
Walter
More...

You first, Walter :p
More...
 
You must log in or register to reply here.
Back
Top