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No sweat. I do exercise very tight discipline. It is the only way to scalp the way I do (when I lose it, it gets ugly). You can scratch nowadays in the dax. It has gotten thick enough. You have to do it before others have panicked and must bail out as well. You just have to be on your game when...

It is important to have a flow with your market. Having a flow means that you are connected with its movement. You can almost "feel" what it wants to do. I'm sorry I can't describe it better. Again, the prints on the offer (even if it is a big offer) are important. Who cares if there is a...

You are most welcome. My education is a work in progress. I hope you can take what you get from this and turn it into $$.

I traded STOXX 50 for a while until the liquidity went way up and the volatility way down. It just got too thick for me to scalp efficiently. There were days where it only had a 14 tick range for the entire 11 hour session. I made my first net $1,000 in the STOXX. I also traded the bund for a...

[/b] By prints I mean actual executions on the offer. These are shown on the DOM as well as on T&S. I'm watching to see what kind of participants are jumping in on the rally. I'm ready to hit the bid. "Hitting" only implies go to the bid at market. I'm not "fading" in more long in this case...

I use the DOM to execute my orders. Are you asking if someone has turned off the DOM and entered their orders using the order book or something? If so, what would be gained from that in your opinion? Cheers.

Hi there. Move is planned for mid-April. New baby is due end of May. Line to Chicago already priced out and ready to be ordered. I will get in touch the next time I'm in DC. Thanks.

Very good post. This is the reason I joined ET. I am constantly looking out for what others are doing in order to better secure the longevity of my traders and myself. I have explored spreads (bonds/notes as well as inter-index spreads) as well as started backtesting some ideas. In this...

:confused: :p

I have been slacking off and been swamped (planning a move to the DC area and trying finalize corporate stuff for the year), but I had intended to post a journal that included a 5-10 minute (depends on size) Camtasia video of me scalping. Baron has already agreed to host the file locally at ET...

AMT and others have provided some of the other reasons. On a very basic level, the nature of the market is that the maximum profit comes from the highest number of participants being "wrong". In other words, one cannot make money if the majority is "correct". This is basic Mass Psychology of the...

Thanks. I had planned to put up a journal outlining what I do just to get this kind of feedback from contributors like Science-Trader and others like you. I have tried using Xceed GUI from Eurex, but it doesn't show anything not already available on X-Trader. You can track Bid/Ask data using...

Printing them now. Thanks.

Please provide any info you can. Qtip is a smart guy..... :p

The number I gave you is a rough range for all types of trades. In a thin and/or quiet market, I will take what I can get at one price and hold for a while (couple of minutes at most).

Can you give me an example of what data I should be looking for? I have all the bid/ask info I could ever needed, but have found that there is so much cancelling, etc that it doesn't really mean anything except at certain zones or levels. Please share any thoughts on this. I am very receptive...

I complete about 300 to 500 trades a day. Those trades are scaling trades so many of those will have multiple entries and exits within on breakouts and trends. It may seem a little crazy, but I'm a pure scalper with the lowest possible commission and fee structure. Hence, I don't have to worry...

Actually, I go for whatever the market will dish out. I scale in and out all day long and will add and hold and reduce depending on the depth, tape and approaching support/resistance. Yes, I do have a direct connection through my clearing firm to the exchange. I trade in the room next to...

I scalp the dax quite heavily. Generally, I believe that putting stops behind size or getting in behind size will yield poor results in the long run. Obviously, this is not necessarily true if the size is there because of S/R or something else. The market will very often trade to size, so...

This case was mentioned in the class action notice I received last month. The service was terrible from that firm.