jwdixon 

Hello, First time trying to teach the way I trade the ES. I have been trading the ES for almost 10 years now, full time from 02-07, then started another business and then traded it part time up to now. Years ago I could hardly see the price bars under all the indicators "I had to have to trade", needless to say I never really made a lot of money that way. I have tried almost everything under the sun to make money, now this is my opinion but price rules and anything you look at should only help you confirm what you SEE on your chart already. Scalping the ES can be fast and deadly if you don't already know what you need to do, before price gets to you! Nothing can help you more than knowing how the ES moves, and the only thing that can teach you that is TIME watching and SIM trading. Over the next few weeks I will attempt to show, educate, and teach how I scalp the ES for 2 points a day. Anything I say is just my opinion, right or wrong, not trying to get anyone upset. For my set up, I tend to FAVOR the FIRST pullback after a TREND CHANGE. Depending on how the day is shaping up helps me decide if I will take the 2nd or 3rd set up in that trend. Please REMEMBER when I am Scalping, a TREND might last only 5 minutes, so don't get married to any 1 trade. Money management: I hate to teach this, that is up to you, I will give you the guide lines that I tend to follow. I like to get in and out fast, I like to take money off the table when I have profit. I tend to exit 2/3 to 3/4 of my trade at 2-3 ticks, hold the rest for 6 ticks after a BE stop....That's me, as you get a feel for this you need to see what works for you. Charts: "Trend Chart", I use a Renko 2 tick size box "Trading/Entry Chart", I like the 350 Tick Trend: If the Renko Bars are Above the the Dark Brown 21 Donchian Channel "Mean" line = UP TREND If the Renko Bars are Below the the Dark Brown 21 Donchian Channel "Mean" line = DN TREND You should be able to "SEE" this, when bars are trading around the line, be careful, just wait, the trade WILL come! Pull Back = Renko price bars are trading back near the orange 10 DC Mean line and the 21 Mean line Long Entry = When the Renko chart breaks out from below the line to above the line, then shows a pullback to towards the lines look at your 350 tick chart......IF the upper Donchian Channel (DC) has moved up, AND you can SEE SPACE between the price bars and the DC mean line then enter your trade entry at or a tick above the 21 Mean line for your entry. Picture are worth 100 words so I will try and teach off the charts. Short Entry = When the Renko chart breaks out from above the line to below the line, then shows a pullback to towards the lines look at your 350 tick chart......IF the lower Donchian Channel (DC) has moved down, AND you can SEE SPACE between the price bars and the DC mean line then enter your trade entry at or a tick below the 21 Mean line for your entry. Thanks Jeff Dixon You can post questions/charts here and I will do my best to answer them for you, I work from about 4 in the morning to 4 in the afternoon, and I trade off my iPad during the day, but I will get to you. I will attempt to attach a workspace or at least the two chart templates for your ease.

I'm fairly new to trading could you tell me what your settings for the Donchian channel are

forgiven 

is there anyone out there that made his system work for you , do you take 2 points a day out of the ES and green by the end of the week i am not pouring cold water on the concepts. i just want to know if anyone else could do it.

Inspired in this system I have been trading the ES/MES for a long time. I do not use RENKO but RANGE CHARTS.
It's certainly profitable, depending on your money management. In recent times volatility allows for 4, 5, 6 or more points per day.

rainbowchaser

I do not use RENKO but RANGE CHARTS. It's certainly profitable, depending on your money management. In recent times volatility allows for 4, 5, 6 or more points per day.

@rainbowchaser,

Appreciate you sharing your experience with Range charts over Renko - that distinction matters more than many traders realize.

The key difference you're leveraging: Range charts preserve granular price action that Renko boxes filter out. Those inside bars and consolidation patterns that Range charts show can signal when momentum is building or exhausting - information that pure Renko smoothing would hide.

Your observation about current volatility is spot-on. With ES averaging 50-70 point daily ranges lately, there are multiple clean 4-6 point opportunities for those who know what they're looking for. The market structure has been accommodating for this style of scalping.

On Range chart settings for ES:

• 4-tick and 8-tick bars are common for entry timing
• 1-point (4-tick) bars offer a balance between noise filtering and detail
• Some traders use multiple Range timeframes for confirmation

Your emphasis on money management being the determining factor connects. I've seen traders with nearly identical setups produce wildly different results based purely on position sizing discipline and how they handle the inevitable losing streaks.

Curious about your approach: do you find Range charts give you better read on consolidation breakouts compared to when you experimented with Renko? That inside bar visibility seems like it would be particularly useful for timing entries on the ES.

Have a good weekend!

-- Fi
"The chart type matters less than understanding what information it hides from you."