A while back an owner asked me for a reliable scalp entry. Scalping has not really been my thing but using a lot of logic and a sound analysis of price action I did come up with Scalp and Aggressive Scalp Entries with printed Stops, Targets and on-the-fly position sizing – a ValuTrader exclusive (that means no one else is doing that for you). I love the CL market but for beginning traders that can seem a little out of reach so here is a video of recent price action trading on the NQ market risking $200 a trade. Check it out and if you want results like this ValuTrader Results, then purchase NodeTrader. Here are the results from the video trading and then the video.
Here are a couple charts of the new Scalp Trade in NodeTrader. One is for my favorite market CL and the other is NQ. These trades work equally well on YM and TF or any liquid instrument. I’m not saying trading is easy but can you see STOP, ENTRY and EXIT PRINTS on your screen and place your orders? If you can do that then you can make money in the markets.
It’s easy to get complacent in life – to let the same old things happen every day – to get stuck in a pattern of behavior that while maybe not bad is not as productive as it might be if we truly and deeply appreciated every opportunity in front of us. Some of you may have noticed I have been missing the last week or so. One of my daughters arrived home last week to say she had sidestepped a large rattlesnake coming in our front door. Immediately, I went into ‘superman” mode and proceeded to look for the snake. Well, I found the snake in the hedge or it found me; either way it bit me on my right index finger. Oddly enough, I had been bitten before on my left big toe when I was 3. That meant a probable allergic reaction to anti-venom and treatment complications. To make a fat story thin, 5 days later and I am out of the hospital. Here is a link to how my finger looks currently (click on the link if you can handle it). RATTLESNAKE BITE ON MY TRADING FINGER.
I so appreciate all that my family and friends have done for me. Maybe I needed this reminder about how much others matter and what is really important in life. A reminder that i is not so much how many days we get to live but instead how much benefit and meaning we get out of each moment we draw another breath.
I see the charts anew this morning – new promise in each candle is tempered by the patience to wait for but expect that beautiful moment when things are right to trade. Just like with my family, I so appreciate every tick I am given.
We shouldn’t have to get snake bit in life or in the markets to make each moment matter!
Great Living and Trading to You!
Valutrader Scalp Trades
Quite a few folks asking for a reliable scalp setup in NodeTrader – so we came up with a good one. These are scalp setups in the direction of the trend only on the time frame you are trading with momentum on your side. I always like to leave a runner to reduce some of the skewed results of scalping – like average losers being greater than average winners which is simply a result of the stop being greater than your first take profit. These entries are equally reliable on tick or time based charts and many times when no other setup exists with NodeTrader because I have all my filters in play – the scalp trade is there to make you some coin. Check out our trading results (all results in the last week are scalp setups only) here : Valutrader NodeTrader Results.
Today on the 2 min CL there were no high volume node trades to be had but 3 winning scalp trades in a row. For the screenshot, the position sizer is set to risk only $300 on a trade which happened to allow 3 contracts on each of the setups (typical stops on CL 2 min chart scalp setups are 10 ticks). Assuming you took 2 off at PT1 and then trailed the final contract to PT3 – a nice $475 after commission. If you want trading results like these with one of the only pieces of software out there that position sizes for you on the fly and prints stops, entries and targets, then you need NodeTrader. Ask me how to get a 30% discount off the published price (it’s so easy you won’t believe it until you ask me firstname.lastname@example.org).
The latest version of NodeTrader will now calculate and track and display the manual low volume node zones for use with the manual strategy. Sometimes the logic behind the manual strategy can be difficult to grasp during the hot and heavy of market price action, so we coded the supply and demand zones automatically for you. Now, the optimal areas to buy or sell with limit orders is readily apparent on the chart. If you’re a member stay tuned this next week for the release and if you’re not an owner yet, then get moving. I trade these strategies every day – NodeTrader Results. What I can do, you can do…..BUT….you have to do it! Let’s get it done!
Don’t miss the NodeTrader training scheduled for this Saturday – July 26, 2014. The time will be at 10 am CST in the morning and will last until, well, we are done. I’m thinking you should plan for about 4 hours but it may go a little longer. Not an owner? That’s OK; register and attend anyway – you might see something you like or you just might learn something useful for your own trading. While the NinjaTrader discount has expired, I will be offering a substantial discount after the webinar. My trading results using NodeTrader for today are below. If you are interested in learning to trade the financial markets in a controlled and profitable manner then register for the NodeTrader Training Webinar Here.
What a frustrating morning trading for me. I entered a short on CL initially and took half off at a first profit target then instead of going to BE+1, I adjusted the stop on the balance to provide a scratch – which is what happened. After that just a series of missed trades due to non-focus or focus elsewhere. On top of that I had to quit trading a little earlier than normal due to an appointment I couldn’t miss. But, I saw a nice opportunity to take a short on the CL market using NodeTrader’s low volume node manual strategy and I did so for a nice trade. Here’s the video:
Check out a condensed session of trading on the Russell contract (TF) for Friday July 18th, 2014. Do you think when an entry, stop and target appear on the screen with the right number of contracts that you could enter the trade as in the video? If so, then you can trade with NodeTrader!
The NinjaTrader Trade Like A Pro discount expires in a few days. Join us now and receive: NodeTrader, Dynamic Proprietary Oscillator, 4 hours live training, PDF with manual strategy details, $300 discount, access to our free ValuTrader Trading Room each day of the week.
I get asked a lot whether NodeTrader works for small accounts and my answer is always the same – you know it! This morning (pre-market for those of you who have day jobs) I took a trade on the NQ market. Assuming I had a $10,000 account I risked 2% – $7000 account would be 3%. Here is the final pic and then the video if you have time to watch it.