Mr. Hyde wrote:LeMercenaire wrote:Mr. Hyde wrote:Im curious if anyone has ever noticed if certain markets are just better for scalping. I know Lem you love the Dax, but always warn people its a beast. Alais Ive seen you posting EU charts for years taking trades off the 5 min. Ive grown pretty accustomed to the ES (cfd). But was just curious. Someone was just sayng Nas100 was good for trend trading so figured I would ask the fam if they had any preference. Thank guys.
Yep, absolutely. For sure, The DAX has always been my baby go-to but over the last few months, it's behaviour had changed and I was finding it less predictable. Yes, it can be wild and bite like a salty but it was always still predictable if you had spent the time studying it properly - predictably unpredictable - sounds weird, I know but true.
It has recently begun to come back to that way of moving and I have now begun to get involved again - so we shall see.
In the interim, as you guys know, I used EA alongside Dead Horse and that morphed into a scalping pair as well, using my Kijun-sen entry method - eventually morphing them both together.
I also have fallen in love with the NAS100. It is so damned predictable - there's that word again - as it repeats the same moves over-and-over-and-over again every day near enough. I tend to use the UK100 in the am and NAS100 in the arvo, UK time, for obvious reasons. These are worked with the Kijun-sen + Dead Horse combo.
I also will use EG with the moves off the 20 ema on a 70-tick or 1-min chart. Double-Doji and break from contraction entries. Anything up to 5-min works well.
There is also a spike-rejection method I use off the 89 ema for the same pairs.
Thats what I love about this site. Ask a question and you get a bunch of real traders to answer you. Kreslik really spoils us.
I do recall you playing EA quite a bit last summer. And I do recall EA's sibling EN use to love picking one direction in London and making some big moves. I use to trade the 5m with donchain channels and play in the direction of the higher time. I was able to capture 80 to 100 pips with a 20 pip sl. Will have to look at both again.
I'll definitely have to start watching NQ in the background now. To many traders saying good things about it.
I've always hated EG. It's honestly probably one of the worst performing pairs I trade. Cuz of thst I almost never trade it. With the exception of the beauty head and shoulder pattern on the weekly earlier in the year.
Do you post about the spike rejection method in your thread? I'd be curious as I love playing spikes/wicks. Thanks again.
Totally agree. That's why I do my best to cherry pick the occasional new blood that crosses my path and send them on the interstellar journey here! I will never abandon Kreslik, it is too valuable.
I don't post the 89-Spike rejection, purely from feelings of not wanting to confuse the direction of the thread - whatever that may be now,
If you are interested, I'll stick up anything I do with it for a while, no worries. It's something I came across by accident and tbh I can't remember where. I therefore apologise for not being able to credit the thing.
I still use Dead Horse on EA all the time, 1-min, 5-min though usually 15-min. It's a cash-machine. I stopped posting so much just now, for the same reason I stopped posting the run I took at refreshing the Buy Zone a while back...it was just post after post of wins, wins, wins, wins...as a script editor would have told me - ''where's the drama?!''