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"60% winning percentage is no big deal either. The more difficulty part is to have a high reward/risk ratio, which is exactly the purpose of this thread: how to improve the reward/loss ratio for a scalper." Same here, definitely more winning trades in any string of 20. Trade 50-100...

There is always a trend on some timescale. An experienced trader gets involved when the market intensity is on a timescale that they are suited to. A master trader could theoretically trade on various time scales successfully. Habits die hard. I was a pretty good swing trader basically...

I have been scalping ER2 and occasionally ES and switched to Crude and now to DAX. ER2 and ES are totally different animals when it comes to very short term trading or scalping. A short term trader/scalper would have 4-5 times more opportunity on the ER2 then ES because ER2 zigzags more...

"Schindler Trading up 17% YTD" Good for him and his clients considering the recent turmoil in the markets. I love this thread, so typical of ET. The experienced types - who probably appreciate the intricacies of running a trading business - are congratulating and the people who don't...

Supercoder2006, As they say, it's not the knowing that is hard in trading but the doing. Theoretically you could turn your account over to any of the numerous brokers that specialize in implementing trades generated by their client's systems, sit back and collect, except that is a whole...

The introduction of NeoTicker by Ticquest definitely represents a quantum leap in development for any trader. Only the trader' imagination is the limit. GC

Really? The idea that without the latest, most sophisticated and fastest facilities one can't win against the big boys is a defeatist one. As a retail trader I have a lot of freedoms and the available software, connections and low commissions place me in a position to run circles around...

Some ET'ers have an account at TS also. In TS there are two studies for spread difference, one is price, the other one is ratio. I am subscribing to Sierracharts (fed by IB data)to augment IB's charting and in Sierra there is also a ratio chart feature. I recommend Sierra because it is a...

I erred before in saying the DAX is slightly larger contract then CL. In fact it is over 3x larger. I am still trading Crude from mid-morning. BTW, I have a feeling we are just about ready for the next hurricane inspired move. GC

Of course, I have subscribed for the NYMEX data feed. This is some kind of error on the system that seems to occur on thinly traded contracts but it is serious. Just feel sorry for people who use TS exclusively. What's funny is that there seems to be a consensus on ET that TS has clean...

I am out at 5.494, - .011. @ 2:31am. By the way for those that use TS exclusively, TS does not repost bid/ask/last properly. Totally off. Around 1:58 the following inside quotes were on the screens: TS: 5.504b 5.028a ? IB: 5.504b 5.509a this goes on for hours sometimes (not the...

I actually made .036 on that. Because it was not improving I have kicked it out in time. See thread above, I posted it real time. This is not a regular habit for me but last week I had a good run in DAX. I am risking .050 to male .150. GC

Last Sunday buying a weak opening was good for a few points but later the market tanked. Call me crazy but I am long again, just one lot of Oct,at 5.505 for a gap fill. GC

I am using the 16 sec. charts and the 1 and 2 min. for perspective. GC

Comission on FDAX is 1.11/side (unbundled after 300) at IB which is half of the Crude commission. Makes a difference.

I started trading FDAX. It is a slightly bigger contract but charts and trades similarly. Action will pick up here. GC

Guten morgen, Sold at 7515.50 bought at 7512.00 4:33 AM here in NY GC

When the intensity of the market is increasing I prefer to go into detail down to the smallest timescale where the usual indicators still work. So, in CL and ER2 I have been using 16 second bar charts although in the last few days I have been using 6 sec charts for ER2. I am using time...

I have made my first trade in DAX futures. A scalp on the short side. IB platform. Normally I scalp Crude or Yen early in the morning (NY time) and CL and ER2 during the day. Looking over a weeks worth of 16 sec charts it seems like DAX streaks like Crude but not as choppy as ER2. Very...

Trading October. When the market does not behave as expected look out. I bought Nat Gas fifteen minutes after the dramatic gap down opening on Sunday evening for a gap fill attempt but it did not pop enough, it was flatlining for hours, so at 4 am Monday I let it go for a 36 point profit ...