I hate strong trend days
- Thread starter VEGASDESERT
- Start date
I haven’t been a Pure scalper for a very very long time. Since then I’ve used those skills to leg into inter market spreads on appropriate occasions.
To me, speaking from my own experience - there’s more risk to waiting for a market pause and a Retracement to fade than there is to race a fresh breakout.
By racing a fresh breakout I mean to hit a bid or lift an offer when the market is moving fast beyond a recently established trading range.
We are in extraordinary times with the volatility and trading range to justify this measure. Under subdued trading ranges naturally this is a trap.
To me, speaking from my own experience - there’s more risk to waiting for a market pause and a Retracement to fade than there is to race a fresh breakout.
By racing a fresh breakout I mean to hit a bid or lift an offer when the market is moving fast beyond a recently established trading range.
We are in extraordinary times with the volatility and trading range to justify this measure. Under subdued trading ranges naturally this is a trap.
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When I scalped Treasury Bond Futures - I was very very keyed in on highly correlated drivers.
I watched the Cantor Fitzgerald and Brokertec Cash Treasury Markets, the CME S&P Futures, the Yen, the Dollar Index, Gold, and Oil as I recall.
In the PIT you had maybe a half second edge to pick off paper. You had to understand what drove Commercial order flows.
I watched the Cantor Fitzgerald and Brokertec Cash Treasury Markets, the CME S&P Futures, the Yen, the Dollar Index, Gold, and Oil as I recall.
In the PIT you had maybe a half second edge to pick off paper. You had to understand what drove Commercial order flows.
But squids do not have bones, and yer being all Admiral Akbar there, bone. Teehee.
https://www.youtube.com/watch?v=4F4qzPbcFiA
Nice.
Point being: If you think you’re safe with your market entry - you’re probably NOT.
Point being: If you think you’re safe with your market entry - you’re probably NOT.
No wonder you just do spreads now. Much less stress I guess.
Overnight (Not US NYC trading hours) the ES Futures will move substantially due to Asian and then later EU market influence.
Yes of course, same with Forex, but the market could continue its Asian-European trend or reverse completely, later. Not sure how the Asian session could be used to consistently predict tomorrow's price.