CL Redux

Good to know. I wouldn't say scalping is inferior though. The beast can make really sharp turns without notice.

Quote from NoDoji:

In all honesty, I never feel comfortable initiating these trades, no matter how many times I do it day after day after day. Every single trade entry when the price environment is like this feels uncomfortable, and I am totally surprised every time it works. You'd think by now every trade would feel absolutely right. I had to learn to separate my bias/emotion from what the technical price action is saying. All it's been saying since the 1-2-3 1-min chart reversal off lows is: buyers are stepping in on every 1min pullback.

I'm just a dumbass scalper, the smart traders (SteveH) are adding contracts on every little pullback :cool:
More...
 
Quote from NoDoji:

In all honesty, I never feel comfortable initiating these trades, no matter how many times I do it day after day after day. Every single trade entry when the price environment is like this feels uncomfortable, and I am totally surprised every time it works. You'd think by now every trade would feel absolutely right. I had to learn to separate my bias/emotion from what the technical price action is saying. All it's been saying since the 1-2-3 1-min chart reversal off lows is: buyers are stepping in on every 1min pullback.

I'm just a dumbass scalper, the smart traders (SteveH) are adding contracts on every little pullback :cool:
More...

Once you have taken over 10,000 trades, you pretty numb to anything, ceiling could cave in and you find yourself just pushing it over to the side without much emotion. I find Scalping you just have many losing days a year, risking next to nothing in Crude oil and shooting for 15-100 ticks is fun, whereas when all I did was trend trade, I didn't have a smooth equity curve and my emotions were all over the place. I just prefer in day trading crude to pick my place, and have three targets, taking off 65% at first target. Couple times a week 50-100 ticks.

http://www.youtube.com/watch?v=VHhzi8PvDYw
 
Quote from Visaria:

I'm scalping to pay for this trade!

Possible it could go back up and make new highs today, i have seen it happen before...
More...

:D

I did 3 scalps on the long side and made over 150 ticks
 
Quote from Visaria:

:D

I did 3 scalps on the long side and made over 150 ticks
More...

Since EON is probably asleep by now, here you go:

rasta10.gif


Scalping is just so instantly gratifying...my longest trade today was 12 minutes :D
 
Quote from Visaria:

Do you always go in on pullbacks? I went in on buy stops placed above the market, had slippage of 9 ticks(!) on one order.
More...

Wow, where was your buy stop? The only time I got slippage like that was when I threw a stop order just outside the swing high at the last minute. Mainly I enter on 1min pullbacks to catch the price pivot back in the direction of the trending move.

At least when you get slippage like that you know you're on the right side of the market :p
 
Quote from NoDoji:

Wow, where was your buy stop? The only time I got slippage like that was when I threw a stop order just outside the swing high at the last minute. Mainly I enter on 1min pullbacks to catch the price pivot back in the direction of the trending move.

At least when you get slippage like that you know you're on the right side of the market :p
More...

nope, i wouldn't say that. i took a loss on it!

Can someone check it for me? I had a buy order at 9660, which filled after 12pm eastern, at 9669. I'm using a new platform. TIA
 
Quote from Visaria:

nope, i wouldn't say that. i took a loss on it!

Can someone check it for me? I had a buy order at 9660, which filled after 12pm eastern, at 9669. I'm using a new platform. TIA
More...

You would definitely get bad slippage with a buy stop there. That was just above the high leading into the pit open. When price is about to hit a longer term key resistance level like that, where there are a lot of stops, the nearby offers thin out at the last moment and your market order gets filled at the other end of that airspace.
 
I've had a couple stops get hit for 8-10 ticks in gold and oil before. Doesn't happen too often but it does happen.

I use limits/stop limits for entry so I know I am in control of the max price I will pay but I can't control my fill for stop loss .

You could do a stop limit entry with a 2-3 tick max chase on it if you want. I use ninja platform,I don't know if others have the option to set the chase on it or not.

On the exit side of things, "getting stuck" and not having any liquidity on the other side when you need to get out isn't really something we can control so I guess chalk it up as cost of business on that end of it.
 
You must log in or register to reply here.
Back
Top