Hi all,
Let me clarify. I use ETX as my trading platform and I use IG advanced charts. I trade the ES mini primarily and I seem to be doing okay, i.e more larger winners than small losers. I tend to scalp slightly longer term whereby I maybe in a trade for a few mins upto an hour or so, really depends on what I am seeing in front of me. Not sure how my style of trading would be described as sometimes I hold and wait for breakouts. Maybe Im a scalp swing breakout trader? Depends what my eyes are seeing i suppose.
Primarily I use S&R lines, trendlines, Bollinger Bands and MACD. I watch stochastics for divergences but dont place too much emphasis on this indiactor. I usually trade off price action and where it is in relation to my S&R lines/ bands etc . I trade off 5min charts but use 1hr and 4hr charts for trend confirmation.
As i say, all seems okay but i know there is much room for improvement and this is where I need the experience and knowledge of you guys. I tend to hit my targets 3 out of 5 days and usually end up with a profit be it a large or small one. I do have down days but i try, TRY, to limit my losses without overtrading.
I want to stop using direct access charts at somepoint and upgrade to a charting package that will incorporate volume, i think this may benefit my trading style as i believe I can incorporate seeing volume per bar into my strategy. ETX as my platform seems fine.
Using IG advanced charts I cant get an ES chart so i use a daily SPX500 Chart. Not ideal but ES follows. Would love to be using an ES chart with volume. Any recommendations guys would be greatly appreciated.
Cheers
ifRenato
