NexusFi: Find Your Edge


Home Menu

 





A Super Simple Scalping Method w/ more setups then you can shake a stick at


Discussion in Trading Journals

Updated
      Top Posters
    1. looks_one futurestar with 8 posts (8 thanks)
    2. looks_two kronie with 2 posts (3 thanks)
    3. looks_3 Jigsaw Trading with 2 posts (1 thanks)
    4. looks_4 kevinkdog with 2 posts (1 thanks)
      Best Posters
    1. looks_one kronie with 1.5 thanks per post
    2. looks_two futurestar with 1 thanks per post
    3. looks_3 kevinkdog with 0.5 thanks per post
    4. looks_4 Jigsaw Trading with 0.5 thanks per post
    1. trending_up 7,730 views
    2. thumb_up 13 thanks given
    3. group 13 followers
    1. forum 14 posts
    2. attach_file 3 attachments




 
Search this Thread
  #1 (permalink)
futurestar
Charlotte, NC
 
Posts: 11 since Aug 2013
Thanks Given: 2
Thanks Received: 9

Hello folks,
My name is Futurestar and I have decided to share a trading system that I had stumble across that has tons of setups on a daily basis and if executed properly has a high win rate and should be extremely profitable. I will call it the JK Way to pay respect to the guy who taught this system to me.

Disclaimer: I have not gone live with this system yet!!! However, in the 6 months that I have been perfecting these methods. I have been extremely pleased with the results.

What I look to gain from this is through sharing and teaching I look to gain a better understanding of what I'm doing and in turn become a better trader.

With that being said, In the next day or so I will try to load a few charts with trades that I have taken over the past couple of day and explain the rules of the system as well as the setups that you should be looking for. I hope this is as fun for you as it will be for me.

Flaming of me or others of any kind will not tolerated!!!!! I will always encourage a healthy debate b/c through challenge we grow. But, I have a low tolerance for negativity and "hateration" as they call it. lol lol

Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Better Renko Gaps
The Elite Circle
Help re translation of ninjascript to EL
NinjaTrader
How to create dashboard like this one?
Platforms and Indicators
How to plot a custom icon for crossover
NinjaTrader
MC PL editor upgrade
MultiCharts
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
ApexTraderFunding.com experience and review
98 thanks
HumbleTraders next chapter
56 thanks
Winning attitudes create winning traders
38 thanks
Vinny E-Mini & Algobox Review TRADE ROOM
23 thanks
Learning to Trade with the Big Money
22 thanks
  #3 (permalink)
 kevinkdog   is a Vendor
 
Posts: 3,668 since Jul 2012
Thanks Given: 1,893
Thanks Received: 7,377


Looking forward to this discussion. A lot of experienced people on this site, and most all of us have been in your shoes at one point. Just don't mistake "realism" with "negativity" as people comment.

Also, sharing is great, but don't give away your golden goose...

Follow me on Twitter Reply With Quote
Thanked by:
  #4 (permalink)
futurestar
Charlotte, NC
 
Posts: 11 since Aug 2013
Thanks Given: 2
Thanks Received: 9


kevinkdog View Post
Looking forward to this discussion. A lot of experienced people on this site, and most all of us have been in your shoes at one point. Just don't mistake "realism" with "negativity" as people comment.

Also, sharing is great, but don't give away your golden goose...

Hey Kevin,

I have no issues with no one being honest in there comments, I just want the name calling, put downs, and unnecessary back forth left on someone else's forum..

It provides a distraction for those who want to learn and for those who want to share.

I hope my goose will be under lock and key...

Reply With Quote
Thanked by:
  #5 (permalink)
 kevinkdog   is a Vendor
 
Posts: 3,668 since Jul 2012
Thanks Given: 1,893
Thanks Received: 7,377


futurestar View Post
Hey Kevin,

I have no issues with no one being honest in there comments, I just want the name calling, put downs left some, and unnecessary back forth left on someone else's forum..

It provides a distraction for those who want to learn and for those who want to share.

I hope my goose will be under lock and key...


Don't worry, Big Mike and the moderators keep the hatin' to a bare minimum.

Follow me on Twitter Reply With Quote
  #6 (permalink)
futurestar
Charlotte, NC
 
Posts: 11 since Aug 2013
Thanks Given: 2
Thanks Received: 9

Here are some of the primary things that should be known about the system.

Platform- I use Think or Swim but, it is not necessary for you to use this. Your current platform will work just fine

Instrument- I have been using this system with the ES & Yen. I have also heard it works will on the Dax, and other instruments. However the time frame (ticks) have to be adjusted to correlate with the volume candles

Timeframe- I will be using 533 tick chart over a 2 day time frame

Indicators- There is only one. Just standard Volume bars at the bottom of your screen

Tools- There are 2. I have a specially configured Fibonacci retracement tool & A Fibonacci extension tool

Other- The only other things that has been added to the chart are midpoints dots that are used to help me measure trades and recognize consolidation points.

So here is what your a plain chart should look like:




Triggers- I use volume to help determine where I should enter. There are 3 thing to remember about high volume in consolidation is that signals either a market reversal, its a midpoint of a market run up, or the mid point for a market run down.

Entry- I enter the market when I have a high volume initiating or completion candle going into/coming out of a swing point.

Exit- Exits are executed based on target projected from the Fibonacci retracement/extension tool

You will become more familiar with the exits and entries as I start posting charts of my trades. But that's it!!!!

Trade Goal: My goal is to net about 3 - 5 pts a day

Reply With Quote
Thanked by:
  #7 (permalink)
futurestar
Charlotte, NC
 
Posts: 11 since Aug 2013
Thanks Given: 2
Thanks Received: 9

Ughhhhh, can someone help the rookie on how to post pics. I thought I was doing it right. obviously not....

Reply With Quote
  #8 (permalink)
 
Jigsaw Trading's Avatar
 Jigsaw Trading  Jigsaw Trading is an official Site Sponsor
 
Posts: 2,988 since Nov 2010
Thanks Given: 831
Thanks Received: 10,394

Easiest way is to go to "Manage Attachments", upload the pic and then click "Embed".

Forum does resizing and it's a lot better than using a file host.

If you have any questions about the products or services provided, please send me a Private Message or use the futures.io " Ask Me Anything" thread
Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #9 (permalink)
futurestar
Charlotte, NC
 
Posts: 11 since Aug 2013
Thanks Given: 2
Thanks Received: 9


DionysusToast View Post
Easiest way is to go to "Manage Attachments", upload the pic and then click "Embed".

Forum does resizing and it's a lot better than using a file host.

Worked like a charm!

Reply With Quote
  #10 (permalink)
 
Jigsaw Trading's Avatar
 Jigsaw Trading  Jigsaw Trading is an official Site Sponsor
 
Posts: 2,988 since Nov 2010
Thanks Given: 831
Thanks Received: 10,394



futurestar View Post

Tools- There are 2. I have a specially configured Fibonacci retracement tool & A Fibonacci extension tool

Where do these tools come from? Just standard tools with particular settings?

If you have any questions about the products or services provided, please send me a Private Message or use the futures.io " Ask Me Anything" thread
Visit my NexusFi Trade Journal Reply With Quote




Last Updated on August 8, 2013


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts