Techniques for Day Trading the ES, NQ, YM, MES, MNQ, and MYM

Discussion in 'Journals' started by volpri, Sep 26, 2019.

  1. volpri

    volpri

    I have in the past but find it takes up a lot of my time and I am already spending a lot making this journal. You are free to ask any questions here. I just don't want to drift too far off topic.

    If I want to answer them I will, but if not, I won't. I just can't get into long discussions over any single thing but that doesn't mean that I won't answer them. If I think it is pertinent, and not so time consuming, I will probably answer.
     
    #1331     Jul 27, 2021
    Relentless likes this.
  2. MACD

    MACD

    @Relentless -- You will get detailed and excellent informative answers to germane trading questions by posting in this thread. I am told, that "Mrs.Voltri" will accept PM's and provide baking recipes, as well as pictures, but a credit card is required for answers.:confused:
     
    #1332     Jul 27, 2021
  3. volpri

    volpri

    A word about grabbing profits: LOL

    Perhaps I have not explained things clear enough. I mean I grab them as the market gives them to me and enter again if price volatility continues to give me reasons to do so. Zeitgeist "par excellence" in "times" of volatility whether on one bar, or many bars. LOL. No reason to let volatility go to waste. It is just locking in profits while I can. One advantage, beside locking in profits before they dissipate is that I get to compound as volatility takes price back down below my previous profitable exit (that I locked in profits on). Thus I get a second entry, even cheaper, and wait for volatility to give me another profit. I am speaking of a bullish move in this case but it applies to bearish moves also. I am a scalper of 1 to 8 points in the ES and as many times as ES will give me sufficient volatility to make, multiple entries and exits, well, I will play that over and over, as long as the volatility goes on, if even on a single bar. I could show so many trades on one volatile 5 min bar where I made, over and over, multiple times on that one bar, that many of my entries and exits on that one bar would almost be indecipherable, with just a visual glance.

    The modus operandi isn't to just corral risks but to maximize profit by grabbing them profits. Then repeating, compounding profits. J.M. Hurts explains the concept in his book.

    But not everyone agrees so no problem. We each make our own way.
     
    #1333     Jul 27, 2021
    ondafringe and MACD like this.
  4. steve2222

    steve2222

    Think you mean 'HURST' not Hurts.
     
    #1334     Jul 27, 2021
  5. volpri

    volpri

    Yes. it was a typo. J.M. Hurst
     
    #1335     Jul 27, 2021
  6. cafeole

    cafeole

    @volpri Do you have a measure of volatility you use in trading or are you eyeballing it?
     
    #1336     Jul 28, 2021
  7. MACD

    MACD

    @volpri -- Thanks again for all your work on this thread to provide information on your Scalping methods. I am appreciating your information on entering the "Zeitgeist" and allowing the market flow to be my guide. Worked on 8 trades using the scaling today. Thanks.
     
    #1337     Jul 28, 2021
  8. volpri

    volpri

    Just eyeballing it and watching what I call the dynamics. That is, not just the size of the bars, their reach, and direction (bull bars I view as the bulls in control on that bar. Bear bars the bears won the bar) but more importantly "how" they make the price which they make. The speed and direction. If I remember correctly velocity is the speed in a direction of something. The rate and direction of change. I don't have any indicator I just watch it lives as it is happening.
     
    #1338     Jul 28, 2021
  9. volpri

    volpri

    Well good. Glad it worked.
     
    #1339     Jul 28, 2021
    MACD likes this.
  10. cafeole

    cafeole

    That is pretty much what I do. I tried coding a "speed" indicator a while ago without much success. It is easier just to recognize the price action.
     
    #1340     Jul 28, 2021
    volpri and MACD like this.