Scalping e mini ES

[trader2419]

Does anyone scalp the es intraday consistently?????

1-5 points a day. I have a strategy that works but cannot seem to stick to my rules..
any feedback?????? love using bollinger bands as a oversold overbought indicator.

 

[rathcoole_exile]

try replacing BBs with Keltner Channel. similar OB/OS theory but cleaner signals imho

 

[sillykiddo]

rathcoole_exile

Hi... can u explain a bit about K. Channel settings?
thanks

 

[rathcoole_exile]

i use a 10-period with a 1.25 offset, but even the standard settings on your charting software should work ok.
the KC's work similar to Bbs but they are actually based on ATR, average true range.
So to my point of view, when price closes outside eeither the upper or lower KC channel, it indicates that price has moved beyond the typical average for that period.
It's by no means certain that price will revert to mean (reverse) immediately but it's a good early warning signal.
Assuming price has been heading down and we're looking for a reversal back upwards - once a bar closes outside the lower KC I then place a Buy Stop at the high of the candle body.
If price continues to decline, my Entry won't be triggered.
Once a new bar is formed, still outside the KC, I then move my Buy Stop Entry down to the high of that candle body.

easier to understand by diagram I think:

bar A closes outside lower KC so place Buy Stop at high of body (762). This does not get triggered.
bar B also closes outside lower KC so move Buy Stop Entry down to high of that candle (758)
That also doesn't get triggered.
bar C closes below lower KC so move Buy Stop Entry down to 756.50

That price then gets triggered by candle D and you're in Long.

minimum target is far side of KC at E (about 765.50) although you'd try to keep in the trade until an opposite signal occured, the reversal at candle F (771)

so following the Long there is a new reversal short. Can you spot the subsequent Reversal Long ?




btw, i like to use on 15 min and 60 min candlestick charts ....

 

[rathcoole_exile]

btw,
if you don't use them for Entries, they're also quite a good Exit signal once you're already in a trade ....

 

[samuelhogg]

Do you have this automated in Ninjatrader rathcoole_exile?

 

[trader2419]

Thanks for the feedback rathcoole_exile! appreciate it.

 

[trader2419]

and cute baby rathcoole!! they are little blessings!

 

[rathcoole_exile]

and cute baby rathcoole!! they are little blessings!

thanks, Number 2 due in six weeks - double the trouble !

 

[rathcoole_exile]

Do you have this automated in Ninjatrader rathcoole_exile?

no i don't for 3 simple reasons:
1. i'm too fick, wouldn't know where to start
2. i usually use infinityfutures for most of these type of trades and there is no direct link (as far as i know) to Ninja, I just use the Mirus feed
3. i use a certain amount of discretion - I don't take every trade anyway.
for instance, today's session, following on from the sharp sell-off yesterday, is still pretty flat and in a period of congestion.
You can use the KC method for nicking 1 or 2 points here and there bouncing up and down, but i prefer to wait until there is more volatility in the market -
this works really well when signalling the end of a pull-back to resume in direction of a strong trend.
having said that, in the last 6 hours, there have been 2 signals on the 15 min chart,
one short for about +3.5 and a long for +8
(the previous 2 signals also gave up +3 and +4 but they were dead of night US time)

 

[fakhar]

Does anyone scalp the es intraday consistently?????

1-5 points a day. I have a strategy that works but cannot seem to stick to my rules..
any feedback?????? love using bollinger bands as a oversold overbought indicator.

if you cant stick to your rules in ES then try NQ and YM. I am trading them for scalping just to reduce my risk and to get rid of emotions which play an important rule.

Thanks

 

[Blu Bull]

will try this. thanks rathcoole_exile

 

[rathcoole_exile]

Blu,
good luck, you can pick up some decent big moves using 60 mins or some nice short scalpy moves using 5-15 mins
or, as I suggested too, use the idea for your exits if you use another strat for entries.
let me know how you get on...

 

[momentintime]

Blu,
good luck, you can pick up some decent big moves using 60 mins or some nice short scalpy moves using 5-15 mins
or, as I suggested too, use the idea for your exits if you use another strat for entries.
let me know how you get on...

I use Keltners for the same...except entering on the close of higher/lower candle, not when the high/low broken..... rathcoole, how do you manage stop loss and how do you move stops for profit taking?

Appreciate this thread...

 

[wata]

Sticking to the rules
1.Do you have them written down
2. Do you read them before trading everyday
3. Are you keeping stats on the trades you take following your rules and trades taken not following your rules.
4. Do you stop trading live if you break your rules.



Good luck

 

[momentintime]

Sticking to the rules
1.Do you have them written down
2. Do you read them before trading everyday
3. Are you keeping stats on the trades you take following your rules and trades taken not following your rules.
4. Do you stop trading live if you break your rules.



Good luck

NO to all 4 from me

 

[Renatogrant]

Does anyone scalp the es intraday consistently?????

1-5 points a day. I have a strategy that works but cannot seem to stick to my rules..
any feedback?????? love using bollinger bands as a oversold overbought indicator.

Great thread! Been looking for this!

I (try my best) to scalp e mini's intraday spreadbetting using MACD, Bollinger Bands, Support & Resistance and my own in built uncanny systematic methodical way to mess it all up! Quite possible to pick up some very nice moves which i do often but something in me refuses to just happily take my profit and leave it at that! I often clear a few hundred quid in an hour or so and I know I should just be happy with hitting my daily target and go do something else... but i don't and I usually end up giving it back and starting from scratch! When will i learn! Greed and fear eh guys! But i,m getting better, just banked 250.00 and I,m watching the candles rise but i,m resisting!!! I,m not going back in!!! Even though it's broken resistance and rising... i,m gonna watch it... but i,m not going to give it back. Gota preserve my small account for tomorrow!
I divulge. Sorry! can get lonely watching candles go up/down and sideways for a few hours!
So, I spreadtrade(bet) the emini and have the FTSE daily chart running alongside and the correlation between the SPX500 daily and the FTSE 100 DAILY is pretty uncanny.
I use ETX for my trading platform and I use IG for my advanced charts but i can only get the SPX500 daily chart. Cant get an emini chart? Is there one?
I use MACD divergences/crossovers in conjunction with my Bollinger Bands in conjunction with my support/resistance levels I put in and adjust on 3 timeframes ( 5min, hour and daily) and I use trends. I look at stchastics ( sometimes) for O/B o/s levels but i pay more attention to my support/resistance levels and bands to be honest. They seem to be more relevant to what price actually does. I,m not actually sure what type of trading this is called? Sometimes I scalp ifmi,m not certain, mostly my trades last a good 15 - 25 mins as I watch MACD rise with my price and reach a resistance ( or drop to a support) I don't tend to trail my stop.
I find If i add to my winners I can hit my daily target ( 250 STERLING) in a few hours on a good day ( more than a few hours on a bad day) I usually start off at a pound a decimal and add to that up to 5 pound only when the move is confirmed.
Doing this on my laptop, have a window for my platform and windows for my charts. One day when i,m a real trader I will get multiple ( bloomberg type) screens! For now I have to suffice with what i have.
When i have enough capital I plan to trade emini contracts proper but for now spreadtrading is a great learning platform and if i lose ( which i do less than i win) i know exactly how much is at stake at any given time. My stops are pretty tight and i try not to get stopped out, rather cut my losses quickly when i get it wrong.

Well guys as i write, i see the SPX500 is at 826.40 and retracing (my emini on ETX is showing 823) So i am glad i didn't go back in and try to nick a few more ticks!

I see and I forget
I hear and I remember
I do and I understand

Chinese proverb.

Still trying to do the understand bit!

Peace.
Renato

 

[glennw]

I find scalping the ES very difficult to do. My problem is that I can do pretty well for a while being extra careful, but inevitably I get lulled into overtrading and giving back profits. I don't have that problem with currencies for some reason. Lately I've focused mostly on currencies and equities, avoiding the ES. I'll probably come back to it and try to figure it out. It's definitely a challenge...

 

[samuelhogg]

BUMP. (Only just found out what that does)

Where can I find more out about scalping ES strategies?
When I search on google all I seem to find is websites that are promoting something. You get a free video and a couple of emails but then you need to sign up to a $2500-$5000 product.

 

[brendansvest]

How are you chaps executing you e-minis? Futures, CFDs, spreadbetting......?