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I agree. Although I am not constantly in & out, so not really a scalper, but an intraday trader, from personal experience I can add that unless you are an exceptionally lucky individual with a great feel of a market, the following has to be established to continually derive benefit from...

3rd +41.5

Should I have a cup of tea?

Long 3 I think I heard on Radio today that Gordon Brown (God, I really don't like this guy) made a deal with 5 major banks to invest £50bn in the stock market, not certain whether £50bn each or total deal amount. scaled out 2 +14

Hang Seng <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1713035>

Chinese are ready to pop, Western markets will follow suit most likely. Pop down that is. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1713035>

3rd +0.5

This is an idiotic exercise and a total waste of time to a trader/to be ImO. A trader has to dedicate his time to research non-random events that provide actual benefit.

Short3 Scaled out 2 +9.5

I love 'em, saving my ass here I will be very happy with 1494 by the close

2/3 +8 1/3 +12.75 We are the champions, my friend :)

Long ES -5 bloody shit Long again off 1 min possible divergence

Long off TL now -2

lol

Never worked out, -8 on 1 lot Long ES now off 1 min formation Scaled out 2/3 +3.5

Short high channel

Technical double top now (today). Spoke a bit soon, support hasn't become resistance at that point. 3rd -2 Short 3 near high channel Scald out 2 +3.5 3rd b/e

Short FDAX now, very small stop Thanks for chart Spec -2 Re-shorted on a push upto 50% retrace and scaled out 2/3 for +10, holding 3 lot now. http://www.elitetrader.com/vb/showthread.php?s=&postid=1711314#post1711314

Short 3 -2 Short 3 near 50% retrace divergence on 1 setting up Scaled out 2 +10 hoping that this was a refuel/fake action to HOD, expecting centreline X on 1 min still, divergence still valid

I was long FDAX during run up to FOMC today, scaled out before the announcement, then 1 minute chart started looking odd, got out of last lot for small gain. Shortly afterwards price went higher and a few moments later went down big time. Classic buy the rumour, sell the news scenario. Not that...