Just want to give OP a hint on how to improve your scalping system with better winning rates. Always go after 2nd leg, not the first leg because you don't want to front run big boys. You will understand what I mean someday after you stare @ES charts long enough. Below is the screenshot of my trades since last night until now.
Winning, Losing & BetSize trading the ES
- Thread starter ElectricSavant
- Start date
Thanks it's a negative 295... That's still good.... You can only push hard when it's moving... Wave after wave of fast action, taking it up or down..
Feb-Mar 2018 huge momentum... Lots of downside... Shorts seem faster.. Easier for the bids to simply leave the table...
140+ RT's 3-6 lots... was a max day... Usual day will have about 20 RT'S
Wilder's ADX and DMI go back to the early 70s, are justifiably popular, and tradovate has 'em.
"Just look under indicators, it is just in the main list, 6 from the bottom..." from Andrew S. -- it's listed as Average Directional Indicator, and you may then find a separate listing for Directional Movement Indicator+ and Directional Movement Indicator-. It's there. These are standards.
What Timeframe do you plot this against..I am assuming M1.
ES
ES
Have you ever heard of God's Helicopter??
https://storiesforpreaching.com/i-sent-you-a-rowboat/
The moral: if you turn down enough exits, you's gonna drown.
BUT!
If you liked the ATR(6), then consider the ADX/DMI±(12;12) for signals rather than that swamp posted here:
https://www.elitetrader.com/et/thre...ize-trading-the-es.323463/page-4#post-4699717
With ADX above 25, enter on higher DMI above 25; exit with decline ("peak") of either the DMI or the ADX.
That's two for ya -- a trading GO/NoGO and a directional indicator, in care of the good Welles Wilder. (Yay, him.)
The DOM'll give you the rest.
(Y'know -- not to screw with your brain or anything.....)
I do not understand. Can you post a chart with two trades?
ES
ES
Have you ever heard of God's Helicopter??
https://storiesforpreaching.com/i-sent-you-a-rowboat/
The moral: if you turn down enough exits, you's gonna drown.
BUT!
If you liked the ATR(6), then consider the ADX/DMI±(12;12) for signals rather than that swamp posted here:
https://www.elitetrader.com/et/thre...ize-trading-the-es.323463/page-4#post-4699717
With ADX above 25, enter on higher DMI above 25; exit with decline ("peak") of either the DMI or the ADX.
That's two for ya -- a trading GO/NoGO and a directional indicator, in care of the good Welles Wilder. (Yay, him.
The DOM'll give you the rest.
(Y'know -- not to screw with your brain or anything.....)
...
Practice is most important. Many people will back-test, but for scalping, practice is the key.
...
Think about how much practice your favorite professional athlete does.. It's the same for us
Thats how you do it, there are no shortcuts.
#Handle123STRONG