These are no longer my current setups
They are similar to what I still do, but not really the same. I guess I really need to document what I am doing now.
GeeBee
A quick little fade, usually for two or three ticks. Most trades under five minutes. This is currently my main setup. I wait for a breakout to fail and take the trade going back the other way.
GeeBee + MadTrend
A fade, mainly on pullbacks. Tries to fade ONLY in the direction of MadTrend. Fewer trades, but much longer runs.
Lunchbox
This the setup I am currently researching and sim trading. It looks for traders to run stops over lunch when volume is light.
I identify when the stops should be in the correct position to run stops, then I place limit orders to go along for a little bit of the ride.
My Orders
All my entries are limit orders and most exits are limit orders also. Every once and a while, I will bail out of a position with a market order.
Hey Mad Scalper,
Stumbled onto your blog yesterday. Will you be posting screen shots of your trades? I have been fine-tuning my scalping of the ES over the past couple months and have been working on the 500T chart. I stick the first 60-90 minutes and usually call it a day…win or lose. For the most part my stop loss is 6 ticks with a 6 tick profit target. All price action.
I have you bookmarked so I’ll stop by now and then to see how its going and maybe share some “war stories”.
Good trading.
Thanks for the comment.
I am also doing price action. Well, price and volume anyway. I will try to start posting screen shots of my trades this week.
Have you used range bars before ? I am thinking about taking a look at those.
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