Overnight. I realize that there are other options. But I feel it is more important for a trader to find his way and trade what fits him. I do not like holding overnight waiting and hoping sometimes risking too much..I know what MAE and MFE is but do we have to go there? This is a scalping thread. ES P.S. My ability to bring capital to the table really is not relevant. The amount of capital to satisfy the overnight requirement is 12 -15 times more for a reason. RISK
I did not parse your post, per se. I simply quoted the relevant bit I wanted to comment upon. I am neither your friend nor foe. I am a neutral party. I am simply biased AGAINST your idea of scalping the ES for 1-2 tics. I cannot see how in the long run that can be profitable without a shit-ton of hard work. You mentioned somewhere that you were worried about fills with limit orders? I can tell you from first-hand experience...You put in a limit order against your entry in a market like NQ or YM, CL, GC, whatever, (And I mean, sell at bid if long, buy at ask if short), and the fill live is pretty much immediate. Never had an issue on this end. But with the bid/ask ladder as saturated as the ES usually is? Sure! You go in there limit and you are behind a bunch of other stacked orders, and you may not get a fill. The ES is the devil. It is a tough market to scalp, I imagine. But maybe it is the only market to scalp? I dunno', seems like there are better ways to go about profiting from futures.
TY for replying so quickly. Your posts seem to be geared towards swing trading. The rising and falling of a price I believe accelerates faster on the fall. The way the candle pumps can also be the "mood" that you speak of but generally a price falls faster than it rises even if it's a bullish candle or a bearish candle in an uptrend or downtrend or chop.. I just ask questions to confirm what I already know. I have made decisions and opinions that are wrong and I always like to check. You have not persuaded me as to any points that you make. ES
Yes sir, I am trying to lure you away from the dark side of The Force™. But I reckon' you must keep going down that dark cave until you see the light of the swings....And we all know Vader was a swinger. I have actual photos of Yoda and Anakin in the early days naked and coated with lotion, engaging in...Well, sorry, it is too horrible to describe here. Would have to go to the off-topic forum.
Until Mark and THEY took away my ladder I was having so much strategic fun lining up my orders and watching them fill...everything was under control..now I am playing a video game with my hand on the controller...hey can I replace my mouse...hehe. ES
LOL...I really do not need to visualize this. Oh my gawd..this is awful. ES P.S. My ability to bring capital to the table really is not relevant. The amount of capital to satisfy the overnight requirement is 12 -15 times more for a reason. RISK