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
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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
- Scalper
- Day Trader
- Swing Trader
- Preferred Trading Methodology
- Break Outs
- Candlesticks
- Chart Patterns
- Divergence
- Elliot Wave
- Gann
- Indicators
- Market Profile
- Mechanical/Systems
- Momentum
- Moving Averages
- Price Action
- Retracements
- Reversals
- Tape Reading
- Technical Analysis
- Trend
- Volume
- Preferred Market Regions
- US
- Preferred Markets
- Indices
- Preferred Trading Software (A-O)
- Ninjatrader
- Preferred Realtime Data Providers
- 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
- Futures Truth Magazine
- Stocks & Commodities
- Favorite Trading Tip
- Trade what you see not what you think. Endeavor to persevere.
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