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Unless trade goes more then 15 ticks i dont move stop loss after 15 i sometimes bring it to +1 other then that no for scalping i keep it the way it is...
Platform: Sierra Charts, Investor RT, Ninja Trader
Broker: VanKar
Trading: NQ
Posts: 520 since Sep 2009
Thanks Given: 583
Thanks Received: 1,248
Jinhar
I just took the time last night to read your thread. I have to say it is well done. Simple, straightforward, easy to understand and implement.....thank you for posting.
Papa15
They should be back i had to take care of few things due to which could not post .. But now all back to normal So Will post them again .. hopefully you all are having some great trading sessions
Thank you so much for the useful info and your time spent.
I trade the YM and use a 5 and 15 minute chart. I use the larger time frame to keep me out
of the noise of YM and to catch the one or two large swings of the day.
Do you think the 15minute chart is too large for your method?
No u can use Whatever combo you like .. I will post some examples With That Timeframe later on today .... This method you can use to Scalp - day trade position whatever you are comfortable with .. I will post that later on too .. Have a nice weekend ..
Here are the setups on the ym 5min and 15min chart .. note the 2nd short depends on how you define your breaks of the highs .. for me on time charts it needs to be Close above to define the break .. So i have considered it a short if you consider that as a break then it wont be a A short setup ... there were 3 short A setups and one long ..
Here are setups on ym on a day when it was very choppy 1st 2 setups dint line up perfectly so had to be passed on but the 3rd one was nice setup for long ..
