Have you ever wondered what is a conservative way to trade high volume FUTURES ( CL, ES, GC, SPY, NQ etc...) is?, this might be your answer. Always do your own research, entries might be better to initiate on 5 minute charts (stop losses could be closer, so less risk). I believe this strategy will work for large volume stocks and/or commodities too.
The Ultimate market for these scalping methods. As the S&P 500 futures is, in my opinion, one of the most liquid, most active and most electronically accessible market, these methods represent the best known chances for picking consistent profits as a trader-scalper.
My bread and butter
Pattern 1: The 15-minute Opening Range Scalp (15 ORS pattern)
This is my all-time favorite method- it’s easy to do, need no more than telephone or Internet access to a broker, and is very reliable.
Setup:
Wait for the first 15 minute range to form from the open.
Entry:
Enter on a buy stop 2 tics above the high of the first 15 min range or Enter on a sell stop 2 ticks below the low of the first 15 min range
Profit exit: Close out positions after price action closes below 20 Moving Aveage
Stop Loss: Adjust stop loss as trade goes your way, right below retracment areas are best places or tighter.
NOTE: Best days to play high volume markets are: Tuesday, Wednesday and Thursday... but Monday and/or Fridays can be play, but profits are less.
The Ultimate market for these scalping methods. As the S&P 500 futures is, in my opinion, one of the most liquid, most active and most electronically accessible market, these methods represent the best known chances for picking consistent profits as a trader-scalper.
My bread and butter
Pattern 1: The 15-minute Opening Range Scalp (15 ORS pattern)
This is my all-time favorite method- it’s easy to do, need no more than telephone or Internet access to a broker, and is very reliable.
Setup:
Wait for the first 15 minute range to form from the open.
Entry:
Enter on a buy stop 2 tics above the high of the first 15 min range or Enter on a sell stop 2 ticks below the low of the first 15 min range
Profit exit: Close out positions after price action closes below 20 Moving Aveage
Stop Loss: Adjust stop loss as trade goes your way, right below retracment areas are best places or tighter.
NOTE: Best days to play high volume markets are: Tuesday, Wednesday and Thursday... but Monday and/or Fridays can be play, but profits are less.