ES price action scalping [5min]

Discussion in 'Journals' started by Ninja Mobile Trader VPS, Apr 29, 2021.

  1. Thanks for sharing Ninja Mobile Trader VPS.

    Great work and I like your Methodology and trade management approach.
     
    #31     May 12, 2021
  2. Thank you for taking time our day to sharing a method for us.
     
    #32     May 12, 2021
  3. 5/12/21
    • +2 ticks (+$42.4 after commissions)
    • Thought the opening setup was going to be similar to 5/4, with a bounce down off VWAP
    20210512.png
     
    Last edited: May 13, 2021
    #33     May 13, 2021
    SimpleMeLike likes this.
  4. Hello Ninja Mobile Trader VPS,

    Thank you for sharing, I am loving the simplicity.

    What are the square light red and light green areas in your chart please? Looks like some type of resistance and support.
     
    #34     May 13, 2021
  5. cafeole

    cafeole

    Thank you Ninja Mobile Trader VPS. You have revived an interest in trading futures again. I started today and today was a good day. We will see how this goes for me.
     
    #35     May 13, 2021
  6. Happy to hear! The red and green zones are automatically drawn support/resistance.
     
    #36     May 13, 2021
    SimpleMeLike likes this.
  7. Glad to hear it! Intra day futures trading is great when you know the game you're playing.

    I didn't take any trades today because I'm focused on the 1-2-3 reversal pattern, but looking back at today the breakout from the overnight high was spectacular! Went for 108 ticks, with each bar's low higher than the previous bar.

    Will need to be on the look out for these in the future.

    upload_2021-5-13_15-16-46.png
     
    #37     May 13, 2021
    SimpleMeLike likes this.
  8. awesome, I love it.
     
    #38     May 13, 2021
  9. 5/14/21
    • +$742.40 (2 contracts for 30 ticks, w/ commission)
    • Very good setup for the opening trade. 45 minutes before open the price rebound off the overnight low with the VWAP acting as a nice support
    • Strong 1-2-3 pattern going in the direction of the trend.
    The exit today was frustrating because it left 18 additional ticks on the table. I am currently testing out modifying the stop trail by skipping inside bars, but today that didn't help because it was a different problem. Researching and back testing ideas for smarter stop trail logic.

    upload_2021-5-14_9-18-0.png
     
    #39     May 14, 2021
    SimpleMeLike and cafeole like this.
  10. FTDK

    FTDK

    My chart shows the overnight low at 4105.25?
     
    #40     May 14, 2021