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

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

  1. ondafringe

    ondafringe

    Haven't noticed any changes either way, but only been taking PBE for about a week. BTW, decided to continue taking Tamsulosin along with the PBE, although I dropped the other prostate med. Hope for improvement, but if things don't get worse, I still consider it a win.
     
    Last edited: Nov 10, 2021
    #1701     Nov 10, 2021
  2. ondafringe

    ondafringe

    Never let a doctor get anywhere close to your prostate or you'll go through the rest of your life with a dead dick. I may be old, older than you, and I may never need it anymore, but I'd still like to keep my options open! lol
     
    #1702     Nov 10, 2021
  3. Overnight

    Overnight

    There's a video for that, somewhat...

     
    #1703     Nov 10, 2021
    ondafringe likes this.
  4. ondafringe

    ondafringe

    No derailment. There's a scientific study posted on PubMed that shows Berberine and PBE make you a better trader! lol
     
    Last edited: Nov 10, 2021
    #1704     Nov 10, 2021
    volpri likes this.
  5. Thank you so much for explaining Volpri. I really enjoyed the read and details.
     
    #1705     Nov 10, 2021
    volpri likes this.
  6. Hello Volpri,

    When you are scalping, when do you withdraw money from your account daily or monthly or never?

    Thanks,
     
    #1706     Nov 11, 2021
  7. volpri

    volpri

    Here are some trades this morning. Scalping 1 to 4 points. 7 trades. all winners.

    See if I get greedy and grab them profits I can scalp all day long like this until my brain gets tired. The concepts are: know the market cycle price is in. Use the proper tactics, be greedy, grab those profits, maintain a high win rate so I don't have to be working the rest of the session to get back losses.

    Tactics change as price unfolds. Trade 1-3 were BO's trades on 5m chart. Trade 4 was a price probing trade betting high would be tested and a DT would possibly result from the test. Trade 5 and 6 were TR fading the edges trading (on the 2 min chart). On the 5m chart T#5 was price probing the low of bar 9:05 On the 2 min chart T#5 was a TR fade the outer edge. T#6 (on the 5 min chart) was an averaged down price probing trade betting the low of bar 9:15 would be tested. On the 2 min chart it was going long and adding, fading the bottom of the range on that 2min chart. Trade #7 on the 5 min chart was an implied PB trade, and it was betting we would get another push up. See bar 10:20 was a bull doji with it's close above the high of bar 10:15 and if you looked at that bar (10:20) on a smaller TF (2 min) the PB was more obvious and on a 1 min it was even an actual PB (see snippet below)

    Depending on which TF one is trading the tactics used are labeled differently. However, what is important is that one reads the pressures correctly and uses tactics appropriate to the TF they are trading. These seven trades were all placed on a 5 minute chart. I am showing the 2m chart version of the same trades so you can see the different tactic labeling in play.

    Listen, there are a set number of tactics for each market phase of the cycle. The same tactics are used in all TF's. So once a trader learns and practices the tactics they will soon become a part of his trading without that much effort in applying them. I have to use the tactics appropriate for the PA in the TF I am trading. In this case it was the 5 min TF I was trading. It is usually best not to look at two different TF's while trading other than an occasional glance because it can affect one psychologically in the decisions that he has to make in regards to entries and exits. It is usually best to keep decisions binary.

    But I am showing both charts of the same trades so you can see how different labeling of the tactics or techniques play out and are employed, depending on which TF one is using to place the trades. I do this at the risk of confusing folks or making it look too complicated, but the good news is there are a set number of tactics to learn and a set market cycle with set number of market cycle phases. So what appears complicated is really not that complicated. These apply to all TF's. Learn the core and it can be applied to all TF's.

    The top chart is 5m. The next chart is 2m. The last is a snippet of T#7 entry detailing the implied PB of the 5m on a 1m thus showing an actual PB.

    Remember institutions i.e. bulls and bears are active on every bar of every TF. If you can't accept that or deem it as ludicrous then perhaps saying it this way might be more palatable: Bearish and bullish pressures are present on every bar. Think about that! And the market will only go where institutions will take it. You and I are peanuts. Drops in an ocean of water. Tiny clouds in a big blue sky that is waiting for the thunderstorms to appear.

    Now who says scalping cannot be profitable. It is safer than long term trading. Remember, ones $$$ are ONLY at risk when one is IN the market.

    And don't forget to be greedy and GRAB them profits. One can always go back or a second helping. A spoonful or two of turkey dressing is better than no dressing and to be left with just the gravy... so....grab them both while you can, then go for a third, fourth or fifth spoonful. Then comes the cranberry sauce.......hmm. I got me two frozen butterball turkeys just waiting to be eaten.

    I missed a pile of more trades from 10:45 to 12:20 typing and annotating and posting these charts but I think you can see trades abound for scalping. Happy trading.

    5m nov 16 2021.jpg
    2m nov 16 2021.jpg
    1m PB.JPG
     
    Last edited: Nov 16, 2021
    #1707     Nov 16, 2021
    NoahA and SimpleMeLike like this.
  8. Hello volpri,

    I LOVE every word of this post sir. Good work. Swing trading is borrrinnggggggg and big headache.

    #team_grab_them_profits
     
    #1708     Nov 16, 2021
  9. volpri

    volpri

    Now I got a zoom meeting and then must work in the garden getting ground prepared for the spring. Tilling in leaves....etc
     
    #1709     Nov 16, 2021
    SimpleMeLike likes this.
  10. easymon1

    easymon1

    #1710     Nov 16, 2021