Scalping Trade Worth 3-4 Ticks

Here’s a trade from this morning, Monday, December 16, 2019. We’re using a 2 Range chart to look at the E-mini S&P 500 (ES) in the NinjaTrader 8 trading platform. The Trade Scalper is an indicator that we sell. It’s applied to the chart. The indicator provides trading signals; mainly long (buy) or short (sell). As a trader, you would be waiting for a signal to occur just like John Paul is in the video.

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At about 40 seconds, you’ll hear a doorbell sound that accompanies the long (buy) signal. When a long signal occurs, we can place a trade and hope price increases (moves up). We teach you specific rules on how to place trades, including how to manage risk. Mainly, this is accomplished through the use of a profit target and stop loss. A profit target is what your goal is for profit. Ahead of time, you should know what your profit target is by looking at current market conditions. We feel it’s better to see what the market “can do” at a given time rather than use a huge profit target when the market is slow (which would be very risky). We think our approach in using the ATR (Average True Range) to get a sense of volatility is a more realistic approach.

Back to the chart, once the order is filled (trade is placed), you can see the profit target as a green line. The stop loss is the red line. At about 3:37 in the video, you can see the trade worked out well. The profit target was “hit.” This would have been a profitable trade.

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