ProTraderEd

For me each trade starts as a scalp to first target. So I define my style as a scalper; always on the look out for the bigger trade.
I trade the ES, FESX, FDAX.
My focus is on price and price bar patterns. I use range charts. This defines price without time into specific brackets. I pay close attention to the ratio of trading price on the building bars defined size. I also pay close attention to the speed of the bar building in relation to the previous bar. I pay close attention to the last few bars position in relation the nearby s&r. I pay close attention to the dom orders and cummulative order buildup as price approaches the trading bid/ask. I use market profile for volume distribution of current days trading, of pervious sessions tpo/vol areas, and of the kill zones. I use the volume at the price point setup for entry at the best possible moment I can see. I use standard and customized tools to help me define a trading opportunity before moving in to focus on the entry opportunity for minimal risk.
I am near 90% accurate to first target. My first target is 1 point (4 ticks). I trade 2 and 3c lots depending on the setups rating. I have only 2 trade setups, and 2 variations for add points or re-entry. I use a 6 tick money stop, and a 10 tick catastrophy stop on each trade. I also employ the free trade principle once I have some of the markets money to play with. I trade to my daily quota and stop trading for the day. I usually only trade 2 hours a day. Then I go and focus on the other parts of my profession ..ie - places like this and private clients.

I have had a few great mentors (and some real assholes), and have spent a fortune learning mostly the hard and costly way. If I can save anyone that pain, then I will. Its the least I can do, since in the exchange there is something for me. It keeps me sharp, keeps me focused and constantly under review and scrutiny. This is a tough profession and even tougher business. It is not for everyone.

Art, Music
Location
New York
countryCode
US
Real Name
Ed Abreu
Occupation
Trader
Country
United States
Gender
Male
Trading Style
Scalp to first target
List of Markets Traded
ES, FESX, FDAX
What method do you use to Trade?
Price vol ma patterns
Vendor (Optional)
Coach/Trainer
Trading Experience
More than 5 Years
Trading Work Status
Full-Time (Bank/IB/Hedge Fund)
Trading Arcade/Prop Firm
Preferred Trading Style
  1. Scalper
  2. Day Trader
  3. Swing Trader
Preferred Trading Methodology
  1. Break Outs
  2. Candlesticks
  3. Chart Patterns
  4. Divergence
  5. Elliot Wave
  6. Gann
  7. Indicators
  8. Market Profile
  9. Mechanical/Systems
  10. Momentum
  11. Moving Averages
  12. Price Action
  13. Retracements
  14. Reversals
  15. Tape Reading
  16. Technical Analysis
  17. Trend
  18. Volume
Preferred Market Regions
  1. US
Preferred Markets
  1. Indices
Preferred Trading Software (A-O)
  1. Ninjatrader
Preferred Realtime Data Providers
  1. Zen-Fire
Favorite Trading Books
Price Action - Bryce Gilmore
Trading Day By Day - Chick Goslin
The Compleat Day Trader - Jake Bernstein
New Thinking in Technical Analysis - Rick Bensignor
High Probability Trading - Marcel Link
Getting Started in Technical Analysis - Jack Schwager
Getting Started in Chart Patterns - Thomas Bulkowski
Trading In The Zone - Mark Douglas
The Psychology of Trading - Brett Steenbarger
The Daily Trading Coach - Brett Steenbarger
The Master Swing Trader - Alan Farley
Mastering The Trade - John Carter
The Daily Trading Coach - Brett Steenbarger
Favorite Trading Magazines
  1. Futures Truth Magazine
  2. Stocks & Commodities
Favorite Trading Tip
Trade what you see not what you think. Endeavor to persevere.

Trophies

  1. 10

    First anniversary

    You've been registered here for a year, congratulations!
  2. 1

    First message

    Post a message somewhere on the site to receive this.
Top