FastTrader Futures-Trading Journal

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I tested a new scalping technique this morning. I used the real-time simulator for these trades. This technique netted a little over 3 ES pts within the first 45 minutes. What I liked about it was that there was barely any need for stops. I was using a 1 pt protective stop, but the price never got anywhere close to my stops. No loser; only 1 scratch and rest were small winners. I can post my sim. trades from this AM if anyone's interested.

-Fast
 
interested. Always like to see something new. I really like this wireless stuff,can at least surf while sitting in bed feeling like heck.
 
Just the technique would be enough.....

Thanks for the post.

Michael B.


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Quote from Fast_Trader:

I tested a new scalping technique this morning. I used the real-time simulator for these trades. This technique netted a little over 3 ES pts within the first 45 minutes. What I liked about it was that there was barely any need for stops. I was using a 1 pt protective stop, but the price never got anywhere close to my stops. No loser; only 1 scratch and rest were small winners. I can post my sim. trades from this AM if anyone's interested.

-Fast
More...
 
Here are the trades directly off the platform:

8:44 AM - Short 10 ES 1070.25
8:48 AM - Cover 10 ES 1069.75
Result: +0.50

8:48 AM - Short 10 ES 1070.00
8:49 AM - Cover 10 ES 1069.75
Result: +0.25

8:56 AM - Short 10 ES 1069.75
9:00 AM - Cover 10 ES 1069.50
Result: +0.25

9:00 AM - Long 10 ES 1069.50
9:10 AM - Exit 10 ES 1070.00
Result: +0.50

9:14 AM - Short 10 ES 1069.50
9:15 AM - Cover 10 ES 1068.75
Result: +0.75

9:16 AM - Short 10 ES 1068.25
9:17 AM - Cover 10 ES 1068.00
Result: +0.25

9:22 AM - Long 10 ES 1068.00
9:29 AM - Exit 10 ES 1068.25
Result: +0.25

9:32 AM - Long 10 ES 1068.00
9:35 AM - Exit 10 ES 1068.25
Result: +0.25

9:41 AM - Short 10 ES 1068.50
9:42 AM - Cover 10 ES 1068.25
Result: +0.25

12:52 PM - Long 10 ES 1065.75
12:57 PM - Exit 10 ES 1066.25
Result: +0.50

Total: 3.75 ES pts P/L: + $1875 - $480 (commiss) -> $1,395

My friend who introduced me to this method and was walking me through it this morning, trades 40-ES using this technique.

My own system just gave me a Sell signal at 1072 this morning and didn't give a cover/buy signal till 1068. Gave an other Sell signal at 1068.50 and a cover/buy signal at 1066.00.

-Fast
 
Greed is going to kill you my friend....Why up size before you are even profitable... you say a 5 max trade...thats death to someone that isnt profitable yet...good luck Fast.
 
Quote from jpomerenke:

Greed is going to kill you my friend....Why up size before you are even profitable... you say a 5 max trade...thats death to someone that isnt profitable yet...good luck Fast.
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Joey, don't worry about it buddy. I only risk what I can afford to lose.

-Fast
 
Only one problem fast, when "live" you have to wait in line and by the time you get filled the market is against you. It's easy on a simulator to make bucks.
 
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