Winning, Losing & BetSize trading the ES

[CALLumbus]

How should I set up my T & S ? Should I have one for 1 contract and another filter with 100 plus contracts? Maybe I need multiple T & S windows? Some say the YM leads the ES?

I am going to go with FESX FGBL FGBM FGBS and FDAX forget the ES.

I am going to load up FESX to begin with. I like that name EURO STOXX50..sounds kewl..is it porno?

10 euros tick...whats that? do I need a EURO account...will all my losses be converted to EURO'S?...lets see trading hours are 2:00 AM EST to 14:00 PM EST. Night trading hmmm....that will take some getting used to.

ElectricTheNightStalkerSavant

ok look folks you gotta learn to laugh and not be so serious...ok?

ES, I wish you good fun with the FGBL and FESX. FESX is a bit slow and can be boring these days, a bit similar to ZN. But FGBL has some good action almost every day and very low exchange fees (only 0.20 EUR per contract).

Maybe it will help you to see what other (good traders) are doing on their DOM ? You could watch some stuff from Axia Futures (former Futex), they have some good traders, with lots of focus on the DOM and price action. They basically trade everything that moves, but FESX and especially FGBL are bread and butter there.

Here is one of the many videos they have on youtube:

 

[Sprout]

I do not want to trade so many contracts to try to chase the win. It does not fit me. Martingale is really not something for me.

I thought since the the ratio of trending days were less than non-trending days that I would try to go for a mean reversion system. I do not know how I opened charts and got back into chart trading.

There seems to be very few methods that can trade both days other than DOM trading without the use of charts.

I think I must return to turning off my charts again and go back to my training in the DOM.

I am going to try and trade what I see in the DOM and try stuff but there is no need to post my results in this thread unless I find my edge.

It is very difficult for a DOM trader to help me because there are so many factors...patterns...speed...etc to observe all once. It will just take screen time. I will tell you folks if I find something ok? Meanwhile If there are any DOM traders out there give me something to start with one thing to observe that is easy...easy...lol no easy in the DOM I guess.

ES

Print a screen shot of your display if you want meaningful relevant comments.

 

[ElectricSavant]

Sigh...

ES, I wish you good fun with the FGBL and FESX. FESX is a bit slow and can be boring these days, a bit similar to ZN. But FGBL has some good action almost every day and very low exchange fees (only 0.20 EUR per contract).

Maybe it will help you to see what other (good traders) are doing on their DOM ? You could watch some stuff from Axia Futures (former Futex), they have some good traders, with lots of focus on the DOM and price action. They basically trade everything that moves, but FESX and especially FGBL are bread and butter there.

Here is one of the many videos they have on youtube:

 

[ElectricSavant]

Thanks Sprout...

Print a screen shot of your display if you want meaningful relevant comments.

 

[ElectricSavant]

I forgot the histogram. CQG does not broadcast PIQ

 

[Sprout]

I forgot the histogram. CQG does not broadcast PIQ

View attachment 189472

A couple of things;
Add another T&S window with no filter to the right of the current T&S screen.
Add two OTR charts to the left of the DOM ladder. The top one is the ES, the bottom is the YM.

Now you have a detail screen that you can sweep.

You’ll have more context if the above is your right monitor and you have a 30m/5m chart on the left monitor. This way your display is set up to scan and sweep from coarse to fine detail from the past to the HRE where the future crystallizes into the now.
By doing so, the time you are investing observing multiple info streams, your subconscious will begin to organize, associate and correlate. Sleep is when the brain assimilates what was useful and discards the remainder. You’ll know if you are purposefully learning if in waking there are specific questions that come to mind. This is the mind attempting to fill in ‘spaces’ which are gaps in our knowledge when learning.

As for your charts, the 30m and 5m can be a dual window where only one is maximized at a time. Having the Daily in a tripane with the 30m/5m is another supportive display.

Candles are fun to look at but don’t really help with trading unless ones strategy is focused on working the inside spread. Bars are better to show trending and market turns.

The YM leads the ES during times of change. One really doesn’t have access to the truth of this unless they breakdown the market into its basic granularity which is a price case and a volume bar histogram.

We only make money when price is changing. The opposite is also true when price is not changing there is no money to be made. All price moves can be reduced to the fundamental ten cases of price. By observing the ten cases of price, one has access to the possibility of ‘seeing’ the market. In ‘seeing’ the market, one then sees times when money can be made and it’s best to be in the market and on the right side of it. The opposite is also true, there are times when no money can be made and the best action is to hold through (if still on the right side) or to sideline and take the next profit-taking opportunity that develops.

PIQ is not relevant, market orders is the order type of choice. We are always at the front of the line when ready to trade.

What accelerates the realization of the above is logging bar by bar, building on one concept at a time.

 

[greg500]

I wonder if you and Mark Brown use the same charts?

ES

Good morning, I take Saturday's off.

I'm using a custom Uni-Renko.

Price will stay within this bar for 11 ticks,,, Until it breaks either way.

I'll add some charts and a video later.

Greg

 

[ElectricSavant]

I think this is it (click thumbnails below)...Sprout you have spent a lot of time on this post. TY...and I am sure that this archive will be a great help to many..I feel if I try this way to organize for me..it will help. Your points seem to make sense.

ES

A couple of things;
Add another T&S window with no filter to the right of the current T&S screen.
Add two OTR charts to the left of the DOM ladder. The top one is the ES, the bottom is the YM.

Now you have a detail screen that you can sweep.

You’ll have more context if the above is your right monitor and you have a 30m/5m chart on the left monitor. This way your display is set up to scan and sweep from coarse to fine detail from the past to the HRE where the future crystallizes into the now.
By doing so, the time you are investing observing multiple info streams, your subconscious will begin to organize, associate and correlate. Sleep is when the brain assimilates what was useful and discards the remainder. You’ll know if you are purposefully learning if in waking there are specific questions that come to mind. This is the mind attempting to fill in ‘spaces’ which are gaps in our knowledge when learning.

As for your charts, the 30m and 5m can be a dual window where only one is maximized at a time. Having the Daily in a tripane with the 30m/5m is another supportive display.

Candles are fun to look at but don’t really help with trading unless ones strategy is focused on working the inside spread. Bars are better to show trending and market turns.

The YM leads the ES during times of change. One really doesn’t have access to the truth of this unless they breakdown the market into its basic granularity which is a price case and a volume bar histogram.

We only make money when price is changing. The opposite is also true when price is not changing there is no money to be made. All price moves can be reduced to the fundamental ten cases of price. By observing the ten cases of price, one has access to the possibility of ‘seeing’ the market. In ‘seeing’ the market, one then sees times when money can be made and it’s best to be in the market and on the right side of it. The opposite is also true, there are times when no money can be made and the best action is to hold through (if still on the right side) or to sideline and take the next profit-taking opportunity that develops.

PIQ is not relevant, market orders is the order type of choice. We are always at the front of the line when ready to trade.

What accelerates the realization of the above is logging bar by bar, building on one concept at a time.

 

[ElectricSavant]

Awesome!

Good morning, I take Saturday's off.

I'm using a custom Uni-Renko.

Price will stay within this bar for 11 ticks,,, Until it breaks either way.

I'll add some charts and a video later.

Greg

 

[ElectricSavant]

Unfortunatly I cannot trade EUREX as I need to sleep. I work in the afternoons MST time (I drive medical passengers to their appt's...they really need me).

I gotta make this ES, NQ, YM thing work..

But fascinating video. I have watched it twice now. Folks spend an hour and watch this vid that Call sent.

ES

ES, I wish you good fun with the FGBL and FESX. FESX is a bit slow and can be boring these days, a bit similar to ZN. But FGBL has some good action almost every day and very low exchange fees (only 0.20 EUR per contract).

Maybe it will help you to see what other (good traders) are doing on their DOM ? You could watch some stuff from Axia Futures (former Futex), they have some good traders, with lots of focus on the DOM and price action. They basically trade everything that moves, but FESX and especially FGBL are bread and butter there.

Here is one of the many videos they have on youtube: