{"id":47068,"date":"2018-05-31T09:20:21","date_gmt":"2018-05-31T13:20:21","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=47068"},"modified":"2023-04-12T15:53:28","modified_gmt":"2023-04-12T19:53:28","slug":"simple-sp-scalp","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/simple-sp-scalp","title":{"rendered":"TOTD- Simple S&#038;P Scalp"},"content":{"rendered":"<p>It&#8217;s time for the Futures Desk Trade of The Day!<\/p>\n<p>Have you guys noticed one of the key themes of most of the TOTD&#8217;s from our desk? For me it&#8217;s that the trades are not rocket science, and <em>in fact they are quite simple<\/em>. The key things I see in the posts so far as I study our own traders successful trades is around a quality read on context and orderflow. Once you have that, then the simple, but effective, trade can be executed.<\/p>\n<p>I&#8217;m not a fan of Wyckoff, fib retracements, or Elliot wave stuff, but&#8230; we do have traders for the SMB Futures desk that use these tools. Know what I am a fan of? Traders that 1) trade with edge, regardless of how they do that, and 2) manage risk effectively.<\/p>\n<p>Key variables for this scalp:<\/p>\n<ul>\n<li>ES Futures<\/li>\n<li>Combination (wyckoff analysis and fib extension) <strong>extension move<\/strong><\/li>\n<li>Identified <strong>exhaustion in buyers on the tape<\/strong><\/li>\n<li>Covered as price <strong>reverted into vwap<\/strong> confluent with a prior consolidation high<\/li>\n<\/ul>\n<p><a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2018\/05\/TOTD-5-29-18.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-47069\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2018\/05\/TOTD-5-29-18.png\" alt=\"\" width=\"700\" height=\"568\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>ES. 2min chart.<\/p>\n<p>Short at 2708.25 and covered at 2705.75 on the reversion into VWAP. Just a +2.5 point scalp, but a high quality trade where this trader was executing his playbook well.<\/p>\n<p>Trade well,<\/p>\n<p>Merritt<\/p>\n<p>*No Relevant Positions<\/p>\n<p><a href=\"https:\/\/www.smbtraining.com\/blog\/smb-disclosures\" target=\"_blank\" rel=\"noopener\">Risk Disclosure<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>It&#8217;s time for the Futures Desk Trade of The Day! Have you guys noticed one of the key themes of most of the TOTD&#8217;s from our desk? For me it&#8217;s that the trades are not rocket science, and in fact they are quite simple. The key things I see in the posts so far as I study our own traders &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/simple-sp-scalp\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2144,"featured_media":47069,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5474],"tags":[5012,2444,383,83,38],"class_list":["post-47068","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-futures-totd","tag-es","tag-daytrading","tag-futures","tag-scalping","tag-trading"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>TOTD- Simple S&amp;P Scalp | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/simple-sp-scalp\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TOTD- Simple S&amp;P Scalp | SMB Training\" \/>\n<meta property=\"og:description\" content=\"It&#8217;s time for the Futures Desk Trade of The Day! Have you guys noticed one of the key themes of most of the TOTD&#8217;s from our desk? For me it&#8217;s that the trades are not rocket science, and in fact they are quite simple. The key things I see in the posts so far as I study our own traders ... Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smbtraining.com\/blog\/simple-sp-scalp\" \/>\n<meta property=\"og:site_name\" content=\"SMB Training Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/smbcap\/\" \/>\n<meta property=\"article:published_time\" content=\"2018-05-31T13:20:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-12T19:53:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2018\/05\/TOTD-5-29-18.png\" \/>\n\t<meta property=\"og:image:width\" content=\"845\" \/>\n\t<meta property=\"og:image:height\" content=\"568\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Merritt Black\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@smbcapital\" \/>\n<meta name=\"twitter:site\" content=\"@smbcapital\" \/>\n<meta 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