How many round trips per day per instrument scalping 3 to 5 ticks

maxinger said:
I call such trading heavy scalping.

personally I don't think it is a good way of trading;
Success rate is rather low.
But if it works for you, by all means go do it.
More...

Appreciate your thoughts. I've a lot to learn and comments are helpful. I'm a long time swing trader and only doing intraday since January 2018. It's amazing how many different strategies and angles i have tried intraday. A couple of times i swore off intraday, but come back after a few days break.

In scalping mode, my written target is 3 to 5 ticks, but the bulk of my intraday trading has not been there. For example today at 10:36 eastern i have 3 round trips in. Today they are all positive and the ticks are +.1457 +.0443 and +.1138

After 15 months of intraday, I'm still forging hard and fast rules, or rather modifying them. Lots of inspiration found here in the forum, with you certainly among the best.
 
birdman said:
If you were to trade mostly all day, scalping for 3 to 5 ticks (be it auto or manual) how many round trips do you average per instrument?

Just wondering how many opportunities i am missing - plenty I'm sure. I have had as many as 16 trips, but it's usually more like 5 to 8. I may need to adjust my rules. Thanks for your comments.
More...
ES and average around 20-30 trades. After a point is made i scale out. Hold time is less than 2-5 minutes average. stoploss 1.25 .

currently in a trade entry 2905.25. two contracts out at 2906.25 and third contract target set at 2910.75. but will exit if price cannot break 2908.75 and close green.

bias is to the upside, 2908.75 might be the floor.
 
Last edited:
My big "Ah-ha!" moment in tick-scalping was realizing that what made for a rich, ripe-for-harvesting environment was not a random thing, and that I could see that portrayed with a Technical Indicator or two. :wtf:

And so, watching my trade experience under different market conditions (and as measured by the ATR and the ADX), I learned that there were some days/times to stay the hell away from the market (re, tick-scalping). In retrospect, I'd push that further to 'there were some seasons/days/times to stay away.'

To *really* scalp ticks, you need to be *nearly* direction-agnostic -- you just want enough motion to take you to green, again and again and again, but regardless of market direction. So while charts and candles (and MACDs and MFIs and Stochastics) look like so much fun, a DOM for trading, and ATR for Go/No-Go, an ADX for gauging any trend strength....
 
You must log in or register to reply here.
Back
Top