Question for Scalpers

Quote from jnhighland:

Which is most commonly used tool by Scalpers?
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For me its definatly volumes on the order book, ECN arbitrage on big moves, specialist manipulation, and watching for big orders to take advantage of the auto-ex and the delay on the large order fills.
 
Hi,

I would recommend you to study Market Profile. Jim Dalton's book, "Mind Over Markets", is highly recommended. Market Profile is a great tool for scalpers and the book covers basically everything you need to know about it.

Good Luck,

Alex B
 
For most index future traders, they look at at least the following,

- $PREM
- $TICK
- relative strengths of all the index futures (ES vs YM vs NQ)
- support / resistance of multiple time frames (daily, intraday, etc.)
 
Depends on your definition of scalping. For me I would say, a good, fast and reliable news service and a stable(I know, a wet dream) execution system.
 
Quote from bdon:

These days its coffee
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Yes, 5 cups of strong coffee is most essential.

10-cups definitely gives you that jittery edge needed to snap up those points, in and out, within seconds.

I usually keep an entire pot brewing, plugged into my PC's power strip, sitting right next to my six 10-second EUR/USD charts.
 
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