Scalping the ES With a stocks strategy (LOG)

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Old Dec 22, 2008, 9:05pm   #1
Joined Sep 2006
Scalping the ES With a stocks strategy (LOG)

Hello guys It's been 3 months in simulation of ES and 1 year of hard study and on and off of real trading with stocks. PLease I want to have some opinions in my charts and strategies

Main strategy

1) S/R mainly, trendlines,etc or patterns
2) Timeframes: 15 min to see the main trend, 5 min to wait for a S/R, 1 min to enter or close
3) 30 EMA and 10SMA to create a pullback zone
4) Fibonacci
5)VOLUME: IN congestions look for VOLUME in candles to see the weight the more red bars in volume in congestion the more likely to go down, inverse in uptrends
6)One indicator of volume to confirm patterns

Note this chart,

I need help entering the market my market timing is not good I AM not prffitable yet I dont know how to avoid the big spikes of 3 to 4 points to enter if i am just aiming for 2 to 4 points in 3 contracts. I guess the only way is to not close the possition but to hold with the stop until stop out
Attached Thumbnails
es-03-09-12_22_2008-1-min-.png   es-03-09-12_22_2008-5-min-.png   es-03-09-12_22_2008-15-min-.png  

es-03-09-12_22_2008-1-min-2.png   es-03-09-12_22_2008-5-min-2.png  
dsalas is offline   Reply With Quote
Old Dec 24, 2008, 10:38am   #2
Joined Sep 2006
dsalas started this thread Any opinions here guys?
dsalas is offline   Reply With Quote
Old Jan 14, 2009, 8:56pm   #3
 
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Joined Oct 2005
I hate to give a nebulous answer but...

if you feel comfortable with those parameters than you must stay with them.

One point that i may add is keep it simple. all too often a trader puts too many of the same type of indicator and thinks it is confirmation when it is simply a near-mirror image of the other indicator.

Make it simple on yourself to start, i.e., two moving averages crossing and a stochastics and/or macd. Play with the various indicators and you must decide what fits your mental condition.

Remember the lower the time frame the greater the noise or false signals or whipsaws. Ask yourself how might you react to more losses than winners? The key to your success is stop looking for someone else to give you their parameters and only use them if they happen to fit with your model and your mental makeup.

All too often traders spend an inordinate amount of time trying to get the perfect entry when the key is the exit. If you feel comfortable with trend detection then your exit will be your dominant factor.
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