jscott...........sounds ok on this end. Agree, going for the intraday swings, runs, trends, gravy, meat of the trade, or whatever we prefer to call them are the reason for the season.
If you prefer to do intrabar trades i wish you well.
FWIW, here is my take on the difference between so called intraday trend following and intraday so called scalping.
Scalping (that word itself has different meanings to different folks) is just a tactic to grab small or tiny price moves. The tactic is probably the hardest way to make money in a game of odds. The tactic itself requires a higher number of wins to losses just to break even. The tactic also requires the discipline of a monk in a cat house. I would flunk that test. Another point against scalpers is the reward to risk ratio is way to tight which reaffirms the notion that winning % over losers must be quite wide.
Ok, lets take a look at intraday "RUNS" as a tactic. The tactic speaks for itself................. since in a game of odds we will always have some losers it becomes obvious to shoot for a larger win to loss ratio. Less work, less burnout, more profits with less trades. Another advantage in intraday runs is if you (and you will) do have a couple losers at the start of the day they can be quickly reversed with a single "RUN.
Just my take on the difference between scalpers and swingers. there are other reasons but this is enough for this thread.
Nod is having difficulty with this very problem, I feel she is working on the problem but needs more time and work. She is kind of at a square dance swinging partners between stocks and futures and between dancing with the short stubby guys and the tall timber guys.
PS: nod knows futures and stock are both asking this of her.
http://www.youtube.com/watch?v=uRecliV1l14
I hope i was not responsible to push nod along to play the field to much.
