This trading system discussed here is quite similar to another professional trader. I believe she goes by "buffy" and she is a scalper on very small tick charts. I think it can even be an 89 tick charts for the ES. This was 10 years ago. Based on my analysis on a 233 tick charts for ES this past Friday Jan 12, I was able to identify profits of close to $3000 for 1 ES!!! This is unbelievable. Hindsight is always 20/20 but i plan to trade this in real time from Tuesday and post my results here and i will try various combinations discussed here. I like the 233 tick chart since Pastor has also mentioned that he uses it 60% of the time.
I really want to keep things real simple here. No Market Profile. No Volume Profile. No Foot Print Charts. No Al Brooks Price Action. No Lance Beggs Price Action. NO Thomas Wade's Price Action. No Mack's Price Action. No Toby Crabels Opening Range Breakouts.
I want to take the trades what I see. I personally do not feel the need to check on 610tick charts and 1500 tick charts. I will go for 4-6 ticks only just like Pastor has mentioned. On the charts I was able to identify $3000 profit. I am happy if I can make even 1/3rd of that !! I will post my entries, exits and why I took this trade here. I am currently trading with Topstep Trader. I have also been with Apex. This scalping is really good because most of these funding companies have equity or real time drawdown. Meaning if I am up $100 on paper and if I close the trade for 0 that $100 profit which I did not book counts against my threshhold limit.
If I master this scalping technique then I will trade 20 PA accounts with Apex using trade copier. So my profits and losses can be multiplied by 20. Just last month 2 people got a 1 million $ payout from Apex. Yes they are all modern day bucket shops very similar to Reminisenses of a stock operator...back in 1920's NY had those bucket shops where Jesse Livermore used to go and place the bets.
It looks so easy and simple. I hope I can make $3000 a day from 1 ES. "In Theory" with Apex Trader Funding, I can make $60,000 per day in profits trading 1 ES in 20 accounts using a trade copier. But we all know execution is everything. I am going to try this in 233 tick. If it is too fast then I will simply switch to 610 tick charts. Let us see how it goes. I will keep you all updated on my results. I am trading with Topstep Trader Evaluations. If I pass it using this technique then it is proof that this technique works. I am sure I need to fine tune this technique.
Another slower and relaxing way to trade based on the same concepts is to just execute on the 1500 tick charts instead of 233 ticks or the 610 tick charts. It all really depends on your personality. I know of many professional ES traders who trade on the 1500 tick and 4500 tick charts. I will post 1500 tick charts shortly for this past Friday
I identified $1100 in 1 hour between 10-11 EST this past Friday on the 1500 tick chart. For people who think 233 tick and 610 tick is way too fast, I suggest trading on the 1500 tick chart and using the same concepts taught by Pastor.
{quote} So what is this indicator or combinations of indicators at the bottom of this chart? Looks like a macd with Bolliner Bands on it.
Ignored
This is MACDBB. This is one of the popular indicators. If you were part of Big Mike's trading board there screen name "Fattails" from Germany has this Lizard Indicators website. For a one time fee of $99 you can get all premium indicators there. Apparantly Fat Tails is a professional trader from Germany.
But this nothing but MACD of Bollinger Bands so MACD BB
I was trying out 233 tick on simulated data and I found out that it was way too fast for me. Even 610 tick was way too fast. So I have decided to take Pastor's teachings and customize it to myself. Thomas Wade and Mack who were students of Al Brooks use 2000 tick charts. Al Brooks uses 5 minutes charts. I have decided to stick with 2000 tick charts and take 6 to 8 trades per day. This is optimal for me.
2000 Tick Charts
Woodies CCI (Pay Attention to 0 Line)
CCI (Pay Attention to 0 Line)
21 EMA (as taught by Thomas Wade and Mack) Co-incidentally 21 EMA is just that 0 Lince cross in CCI!!!
MACD BB (This is the MACD of Bollinger Bands)
Use that Risk to Reward Tool
And everything else is same as taught by Pastor.
If I can make $1000 per day trading 1 ES contract then I am happy. I would be happy with even $500!! to be honest.
trading the 233 tick chart is fast. You have to practice it for sure. But the basics of the system work on any time frame so no worries. For me it is not that hard. but I have been doing this for a very long time. Some times I have what appears to be a great idea then I trade it and go nope. That is one of the reason I take the small profits. I don't trade well just sitting waiting all day.
As you can see based on my charts and analysis I should be a multi millionaire by now. But I can't even make a single dollar from trading after 25 years of being in the market.
