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

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

  1. ph1l

    ph1l

    Good luck with the surgery. For my esophageal cancer surgery, I was hospitalized for two weeks, and it was about three months before I physically recovered completely.
     
    #1541     Sep 30, 2021
    themickey likes this.
  2. Relentless

    Relentless

    Welcome back!

    Time spent on ET can be of value again.
     
    #1542     Sep 30, 2021
    qlai likes this.
  3. volpri

    volpri

    Thank you. That is a very nice compliment.
     
    #1543     Oct 1, 2021
    Relentless likes this.
  4. speedo

    speedo

    All the best Mickey. You might want to explore some Chinese Qigong, it sure as hell won't hurt. I can recommend The Way Of Energy by Lam Kam Chuen and The Healer Within by Roger Jahnke for ancient healing practices.
     
    #1544     Oct 1, 2021
    themickey likes this.
  5. Mickey, So sorry to hear about your surgery next week. I pray for success and healing for you. You make a great contribution at ET and consider us your friends. Is Perth pretty normal in daily life? In US we get pictures of brutal police kicking grandma on the sidewalk because she dared venture out. Are we being misled here about what it is really like in Australia?
     
    #1545     Oct 1, 2021
    themickey likes this.
  6. volpri

    volpri

    Here are some trades taken this morning. Net was +324.25 after comm. Green boxes are entry point for PB reversals. I missed several trades..typing etc...and one time my durn chart just disappeared and I had to find it by them I missed out on a very good long entry. So, used another tactic to get something out of the move in Trades #2 and #3. Just look over the chart and read my annotations. These are long PB reversal entries. Remember, a PB is an attempt to reverse a previous move. If the PB is gonna fail there will be a PB reversal entry, usually. One may have to wait a few bars or profit or if it goes against one's position one can average down if they have a mind too. But the fact there was a PB reversal entry even if a few bars to the left it shows some strength. And price has a good chance of getting back to the entry and some more. So it makes averaging down feasible (at least to me ROFLMAO). My last trade was at 11:24 and I started a first trade at 9:22 so a couple of hours trading for net 324.25. Six trades taken. All winners. Largest trade size was 5 contracts. The trades are a mixture of PB reversals and other techniques. Especially when PB reversals are happening in a range. Also trades 2 and 3 were using BO techniques as a missed the PB reversal entry.

    Here is also a 5 min chart showing what the trades looked like on a 5 minute chart. Trading TF was the 2 min chart. Gotta run to see about picking up the motor home from a new windshield install.

    Remember I am a scalper. It is important to maintain a high win rate and to grab profits!

    Enjoy if you have a mind too.
    RTH's MES 2m chart 10-1-21.jpg

    24hr MES 5m chart 10-1-21.jpg
     
    #1546     Oct 1, 2021
    NumberZ, MACD, ChipShotTrader and 3 others like this.
  7. traider

    traider

    If you average losers you never lose.
     
    #1547     Oct 1, 2021
    MACD likes this.
  8. NumberZ

    NumberZ

    Obvious how much work you put into these posts. Thanks!

    this is based on Al Brooks's stuff?
     
    #1548     Oct 1, 2021
    Leob likes this.
  9. themickey

    themickey

    Perth is very normal, I can't speak of Victoria, QLD or NSW because I never bother turning on the TV. No brutality here. No masks, no curfews, no lockdowns, no protests that I'm aware of, no food shortages, no travel restrictions, no restrictions on group gatherings, no restrictions on sporting events. The only condition they have is borders are closed off to some states and countries which have covid problems.
    So in effect, difficult to get fruit pickers and the mining companies are finding it difficult to get staff from out of state, so it's slowing production down a tad.
    Currently in all Western Australia, there are only 3 known people with covid19.
     
    Last edited: Oct 1, 2021
    #1549     Oct 1, 2021
  10. NoahA

    NoahA

    Question please. I notice your first trade was for only 1 contract and you had to scale in. Other places you start with 4. Is there any reason for this? First trade of the day can be tricky if the market hasn't yet given you a clue about what type of day it will be. Is it something along these lines? Does the size of your initial entry depend on your confidence level?
     
    #1550     Oct 1, 2021