"S&R" Scalps

[agon]

	Quote:	walterw
	I use a DOM where you have a lot of features to get some exits automated once I entered manually... If I load more volume some things I do it manually... I am afraid making a video of this will not be possible as camtasia uses excesive resources... but basicly agon, you tell the DOM how many ticks profit you want from where you entered and he will do it automatically for you, if things are not getting there, I get out manually... playing with the DOM its key there... cheers Walter.

Thank's for you help, I understand playing with the DOM is the key.
I use ButtonTrader myself but I think it is very diificult to take 4 ticks where there are only 5 ticks to take.
This is the reason why a video help us, imho.
For ex : jperl (jerry) (nice guru on this nice forum) made a video with DOM, I think it is possible after your day target will made.

[walterw]

	Quote:	agon
	Thank's for you help, I understand playing with the DOM is the key. I use ButtonTrader myself but I think it is very diificult to take 4 ticks where there are only 5 ticks to take. This is the reason why a video help us, imho. For ex : JPG (nice guru on this nice forum) made a video with DOM, I think it is possible after your day target will made.

Give me time agon and I will try to make one... really if price was hit, you will get filled, when you see that you did not get filled and things get lazy, thats where you want to exit manually... I kind of understand what you are meaning on getting filled on so small range... sometimes happens, sometimes not... thats why I get out with +2 or +3 sometimes and still is good bussiness for me... cheers Walter.

[BlowFish]

Hey walter do you use your normal trigger for this trade? A couple of entries occur to me.

Limit at the line.
BO back below the line
BO of the bar that penetrated/touched the line.

I'd go with the first but suspect you might use the last

[walterw]

	Quote:	BlowFish
	Hey walter do you use your normal trigger for this trade? A couple of entries occur to me. Limit at the line. BO back below the line BO of the bar that penetrated/touched the line. I'd go with the first but suspect you might use the last

BO stands for ?

[BlowFish]

Break Out- sorry. Break out in general sense rather than BO of a range. So of a previous bar high low....the 'flip; line itself etc.

[walterw]

yes it would be swing of a bar that is testing some of this key levels...

[walterw]

Hello fellow traders... Pipper asked me to show what chart I had been looking today for my scalping... So I will attach here the 22t principal





I will have to make a confession... Its a little trick not suited for new scalpers yet and not recomended at the begining of this posible learning curve, as it could create confussion to the trader... I also do follow a 6 Tick chart for "very specific timing"...




This things are not easy to diggest at the begining... but once really grasped they are really fun... see ya tomorrow on the chat... cheers Walter.

[walterw]

This is one of the S&R setups I will try to focus today... when we get to test an S&R key level expecting a bounce, BUT that bounce doesnt follow thru, we can expect a break of the level.... now instead of timing the entry after the break or in the break itself where you can get to much slipagge, I time right before the break... this can help for a tight stop management as well... good trading today ¡¡ see ya on our new chat room ¡¡




cheers Walter.

[walterw]

Mike : this is one of the versions of adxvma coded by Blu-Ray for TS... cheers Walter.

[pipper]

thanks very much Walter

Anthony