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Scalping the Mini Dow off the M1 Charts

  • #201
  • Jun 5, 2015 9:32am Jun 5, 2015 9:32am
Quoting minute
after that couldn't really work out what to do next
  • #202
  • Jun 5, 2015 9:56am Jun 5, 2015 9:56am
This morning's trades:

Inserted Video
If you can't tell what the herd is doing...you probably are the herd.
  • #203
  • Jun 5, 2015 10:15am Jun 5, 2015 10:15am
Nice, you got it in and out...no mucking about...
  • #204
  • Jun 5, 2015 10:19am Jun 5, 2015 10:19am
Things I need to work on...intra trade management. Which has to be very fast..I think maybe almost automatic...always looking to move the stop up to capture profit....

I need to practise this somewhere because im only getting 15 minutes practise per day lol
  • #205
  • Jun 5, 2015 10:25am Jun 5, 2015 10:25am
Quoting minute
Things I need to work on...intra trade management. Which has to be very fast..I think maybe almost automatic...always looking to move the stop up to capture profit.... I need to practise this somewhere because im only getting 15 minutes practise per day lol
Does your broker offer trailing stops?
  • #206
  • Jun 5, 2015 10:31am Jun 5, 2015 10:31am
Hi, yes, it does, I had them before but it's a matter of tweeking the settings for this. The volatility at this time can easily take you out and then it jumps to your target...I have a move to breakeven automatically set for +1 tick after 7 pips.

Also Im trying to work with 2 targets so that if it runs I can capture a larger move. Programming this into the auto trade manager with trailing stops is challenging, but possibly not impossible.
  • #207
  • Jun 8, 2015 8:41am Jun 8, 2015 8:41am
Using trailing stops and two targets, finally getting my head around the trading platform, captured that big bar at the start 930am 31 (15+16 from 2 lots) ticks.
  • #208
  • Jun 8, 2015 8:56am Jun 8, 2015 8:56am
This morning's trading for me:

Inserted Video
If you can't tell what the herd is doing...you probably are the herd.
  • #209
  • Jun 8, 2015 9:35am Jun 8, 2015 9:35am
Nice work, grabbed some of that bull leg too.
  • #210
  • Jun 8, 2015 3:52pm Jun 8, 2015 3:52pm
Quoting bulltrader13
Had a great trade - went short at 17900 and got stopped out eventually at 17862 {image}
Nice entry!
  • #211
  • Jun 8, 2015 7:31pm Jun 8, 2015 7:31pm
Quoting felixcattus
I often find that a lot of traders tend to become polarized into one way of thinking. For instance there are camps of traders that say to always follow the trend (trend is your friend) and that picking tops and bottoms is impossible. Then there are others that always go counter trend and say that trend following is a sure way to get killed (only dead fish swim with the stream). I tend to also see the same when it comes to S/R and the very important concept of supply and demand. I often find traders that see S/R and completely ignore (or are unaware...

Hello Felixcattus

Post #31
Your statement:
I tend to also see the same when it comes to S/R and the very important concept of supply and demand. I often find traders that see S/R and completely ignore (or are unaware of) the basics of supply and demand. Yet others I see trading pure supply and demand but seem to ignore S/R completely. In my opinion, it's important to understand both.

A "Refreshing"...someone finally gets it !!!

Thanks for a great thread.


TSD
  • #212
  • Jun 9, 2015 12:16am Jun 9, 2015 12:16am
Quoting kiwis
Morning all, well after a holiday away and being banned from doing any trading whilst away, am back now to see what carnage has occurred and to continue the journey. Unfortunately the reversal back into the pre-market box failed; not once but twice. Interestingly enough, the Elliot Wave was formed here but I was not looking for this so did not see it until too late... isn't that how it happens so often. Felix, you been taking a bit of R+R too? {image}
Kiwis -

Promised I would do this video about trading for May 26, albeit it a little late.

Inserted Video
If you can't tell what the herd is doing...you probably are the herd.
  • #213
  • Jun 9, 2015 1:26am Jun 9, 2015 1:26am
Thanks Jason, much appreciated!
  • #214
  • Jun 9, 2015 9:04am Jun 9, 2015 9:04am
I was late getting started in the market today due to some data feed issues I was having. Caught one good trail though and called it a day.

Inserted Video
If you can't tell what the herd is doing...you probably are the herd.
  • #215
  • Jun 9, 2015 9:27am Jun 9, 2015 9:27am
Nice work... I captured 16 ticks, gave it back and ended up with 8.. Still last four days 3 have been positive and one -2 ticks.

Nice trail following... I have to practise this.
  • #216
  • Jun 9, 2015 10:15am Jun 9, 2015 10:15am
Quoting minute
Nice work... I captured 16 ticks, gave it back and ended up with 8.. Still last four days 3 have been positive and one -2 ticks. Nice trail following... I have to practise this.
Great job! Keep it up.
If you can't tell what the herd is doing...you probably are the herd.
  • #217
  • Jun 9, 2015 8:21pm Jun 9, 2015 8:21pm
Quoting felixcattus
{quote} Kiwis - Promised I would do this video about trading for May 26, albeit it a little late. https://www.youtube.com/watch?v=EQ5-zJJ_WmQ
Thanks for that Felix
In the tempest of a fast moving market; not everyone is happy.
  • #218
  • Jun 9, 2015 9:55pm Jun 9, 2015 9:55pm
Quoting felixcattus
{quote} Kiwis - Promised I would do this video about trading for May 26, albeit it a little late. https://www.youtube.com/watch?v=EQ5-zJJ_WmQ
Well explained...thank you.
  • #219
  • Jun 10, 2015 9:08am Jun 10, 2015 9:08am
Routine, routine, routine.

Inserted Video
If you can't tell what the herd is doing...you probably are the herd.
  • #220
  • Jun 10, 2015 9:21am Jun 10, 2015 9:21am
Keep the routine going...

I was away today. Back again tomorrow.
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