My Scalping Journal

scalperX · Oct 13, 2011

Today, I started analyzing my trading result. It was off to a good start because I managed to capture 23 ticks versus my target of 20 ticks on 13 Oct 2011, Thursday.

A histogram distribution of my P/L (1 tick = $12.50):

Cumulative daily tick-based equity curve. Y-axis denotes the cumulative tick captured against the number of trades executed in the day:

macho grande · Oct 13, 2011

i wouldn't be shocked to see 1201 in the next hour or so

scalperX · Oct 13, 2011

Quote from macho grande:

i wouldn't be shocked to see 1201 in the next hour or so

Yeah, i think we may even be looking to test 1194 in the Asian session today.

macho grande · Oct 13, 2011

Quote from scalperX:

Yeah, i think we may even be looking to test 1194 in the Asian session today.

We're talking ES right?

scalperX · Oct 13, 2011

Quote from macho grande:

We're talking ES right?

EPZ1 (E-Mini S&P500, Dec 11 contract). It shows 1199.25 on my screen now. What's the price on your data-feed?

SnakeEYE · Oct 13, 2011

Asian market mostly,90% of the time sideway.

spd · Oct 13, 2011

If you insist on scalping for a few ticks I suggest you look into Market Delta software so you can at least get a good read on the orderflow.

But personally, I dont think there is much of an edge available scalping futures for 1 or 2 ticks on globex no matter what software you use. The movement on that timeframe is just so spastic in this day and age of algos ping ponging contracts back and forth.

scalperX · Oct 14, 2011

Quote from spd:

If you insist on scalping for a few ticks I suggest you look into Market Delta software so you can at least get a good read on the orderflow.

But personally, I dont think there is much of an edge available scalping futures for 1 or 2 ticks on globex no matter what software you use. The movement on that timeframe is just so spastic in this day and age of algos ping ponging contracts back and forth.

Market delta sounds interesting. How does it work? Yes spd, you're absolutely right that it's not easy to scalp the market. I've taken the advice of snowman75 and switched to an Asian product. I think I did okay for a start.

Here's my result for 14 Oct 2011:

A histogram distribution of my P/L (1 tick = $32.45 USD):

Cumulative daily tick-based equity curve. Y-axis denotes the cumulative tick captured against the number of trades executed in the day: