https://www.reddit.com/r/FuturesTrading/comments/1d6xnbc/anyone_only_scalp_es_futures/
his is one method that works for me but still improving. You need a Footprint chart and watch for 3 imbalances (300% More buyers than sellers for a long and viceversa) that happen right after another. General footprint charts will show a bar in Green / Red indicating block orders. Delta should be more than 400 on that candle and this is a 15second chart. Mostly you are looking at a 1000 lot trader or an algo moving fast. If price goes away and comes back to that region enter when you see one imbalance. Take profit at 8 ticks and stoploss is 5 ticks. There is generally 70% win rate on these. I am also learning DOM to execute these faster and it takes time to have that eye. I am using Jigsaw.
just a quick question to learn if im seeing this correctly. the big red bar there with the red highlights sticking out of it = 4 imbalances? wait for price to touch that price again and go short?You need to confirm there is seller at that level again. This is easy to do through DOM but i am not that quick yet so i use a trick to see another imbalance at that level again then its a confirmation that there is a seller still there. SMB capital would only have you look at DOM for this, their new partner G-Man is very popular with this DOM strategy and minted millions. Search youtube as its not easy and requires great practice but a skill for life. With DOM this has 90%+ accuracy.
I like to use 9&30 EMA / VWAP / Volume Profile. Have 2k tick chart and 500 tick chart. Look for crossovers when price falling away from VWAP or going to VWAP. Target is usually a low in volume profile. This picture is 6/3/24 to show as example MES is the underlying. I did take this trade 3pts on one position and 5 on another.
I scalp the /ES sweeping DOM volume histogram from LVNs to HVNs. Peter Davies Jigsaw 'scalping without charts' method. Keep in mind that big players and HFT move through liquidity ranges. No fancy charts, DOM Volume Profile only. Watch Peter Davies, John Grady and Fat Cat channels. After 15 yrs of day trading, I found that scalping for few ticks is the only way to be consistent, like baseball approach in Moneyball.
I track volume histogram from DOM for location and tape reading for execution. I think in one year you can feel all the market regime changes.
I look for levels where retail traders are trapped
3 Period Hi/LO as put forth by Larry Williams in his book "Long Term Secrets to Short Term Trading." Works best on 5 min or 15 min charts, but can be used on 1hr as well. Strat originally used on ZB Futures but works well on ES. Ive used it a lot with good success. Set 3 period SMA of the Highs and a 3 period SMA of the lows... this forms a channel around price action. When price is trending down, sell at the top channel and cover at the lower. When price is moving up, buy at the bottom channel and sell at the top. William uses swing point reversals for trend ID. I find using a 9 period colored Hull MA more effective.
