4-Tick Scalping Journal

Quote from coolweb:

if you are angling towads emq's strategy, his ususally works at over sold or overbought conditions, not just general scalping,
I believe he takes a point because thats a guaranted point instead of waiting for 2 points, which is not guarnateed.
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nothing is guaranteed, other than this statisical reality:

counter-trend fading using mile-wide stops to book +1pt ES is a 100% guaranteed failure over time. Inevitable that eventually a straight-trend smash will result in huge, unrecoverable loss.

Attempts at +4 tick CL "scalping" profit approach is not only ridiculous, it is outright dangerous to anyone else who even thinks for a moment it has long-term profitable potential with real money involved. Just try that one time in a big-trend CL session that rallies or plunges 400 cents past the entry with zero +4 tick retrace.

Few things in life or trading are certain. But those ludicrous upside-down skews for profit/loss are an absolute universal law of failure. Only shame of it being that some otherwise unknowing people will think some sort of merit exists there.
 
Finally a scalping journal! Great to see someone brave enough to undertake this challenge.

Quote from schizo:

Okay, it's not really plausible to post as fast as I like due to 60-second rule that ET imposes.
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If a post gets through with a substantial delay after the trade, can you please mention it in the future?
 
Quote from LeeD:

Finally a scalping journal! Great to see someone brave enough to undertake this challenge.

If a post gets through with a substantial delay after the trade, can you please mention it in the future?
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Thanks. But note that I ain't really a scalper and that this is NOT a permanent journal that I plan to keep updating. As noted above, I'm merely posting for testing purposes. However, if you're interested in adding value to the journal, be my guest.

Whenever I run into the 60-second limitation, I usually post the exit just below the entry, which indicates that the trade was closed out within 60-seconds.
 
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