Search results

what do you look for when reading the tape to scalp futures?

My goal for the most part is just to figure out how to make money on such high frecuency trading, and to learn as much as I can from it, like the advantages of trading in that manner vs trading at a lower frecuency for larger moves... Learning how to feel the market so that I can tighten my...

good article.

Thanks for the reply it was mostly helpfull. I tried to apply some of this at my trading, I scalped 2-3 ticks all day today pressing ocassional $2 moves whenever the market made them available. I also approached scalping by reading only the tape, no charts no lvl 2. It was a lot less...

Hey look. Im serious when it comes to my trading. I have an edge on my cost structure, I pay pennies per trade, and I also have an edge on my excecution <100ms delay from the exchange. So I´m always looking for ways to explode my edge in the best way possible. Im not saying TA, charts and...

How´s your cost/commision structure?

I dont consider myself a scalper just yet... but Im trying to become one. I´ve been using charts, one minute, but I look at them less and less every day... today I only open them for about an hour... Im using swift´s platform. I trade prop. I do have a level two but Im more inclined...

ok that´s 18,750 per tick at the ES... sounds like fun!

As for direction I dont try to guess where the market is heading... or how far. I just see which way it is heading right now and I go with the flow.

well yeah, and Im trying to increase that number to at least 2 trades per minute. Is gonna take me sometime but that´s my goal.

Well I keep it simple actually, If I feel a move is boiling I go in... if it takes more than 5 seconds to start then is not here yet, Im out. Once the move starts if it stops for more than a couple of seconds or a couple of ticks backwards, Im out.

Well Im just learning how to scalp at the NQ {I like the 5$ tick much better than the 12.5$ ticks at ES} been at it for a week, I got to +$100 today for the first time. Most of the day I go taking 1-3 ticks, same on winners and lossers. But I hit a few 6-8 tickers... I usually cut my profits...

Hey today I started 2 trade NQU6 by looking only at the tape{TAS}, no level two no chart... it was amazingly easy scalping that thing with the tape... I´ve been trying to scalp it based on level 2 for the last week and I was getting killed most of the time... getting mediocre results at...

TWA, trader wannabes anonymous...

Hey today I started 2 trade NQU6 by looking only at the tape{TAS}, no level two no chart... is was amazingly easy scalping that thing with the tape... I´ve been trying to scalp it based on level 2 for the last week and I was getting killed most of the time... too much noise, too much bluffing...

Yep most people leave on the first six months. That´s because they give a shot to anyone no matter what background, and give em money to trade... If it´s a scam then it isn´t really a good one since the only money at play is their´s... I guess canadians are lousy scam artists...

Read trading in the zone by douglas... is TDT + 10 years of extra research...

you gotta find your own nitche... If you walk amongst dwarfts they might take you for a giant.

forget about stops... leave a couple of limit orders pending around $8 away from the market in each direction and wake up very rich {or very broke} the next morning ;) Regarding your reply. When I see the mountain of knowledge that I want to climb I can only think that I´ve acomplished so...

Ohh ok. My broker is swift, I started working for them about a year and a half ago as a trader in the CR branch. Im pretty much autodidact but I always got plenty of feedback from fellow traders at the branch, a couple of friends, forums, etc. So Im not purely self taught. I started trading...