Scalpers Progress

I don't have anything to post for the day as I started the computer to a number of problems and after cleaning the reg and reinstalling BT and other stuff I finally got it back together and am eagerly anticipating tommorrow.

Golly and today I had all day to trade!

Make 'em pretty, Chris
 
Really felt leary abolut today -0 after having the problems I had yesterday and the really slow movement. So as a result.....

4 Trades 4 winners for 2.25 points = $93.20

L1 .5; Long 906.26 It looked good, but bounced twice off of 907 twice so I bailed.

S2 .5; With the little fakeouts on the way up I took a quick profit.

Missed a fill.

S3 .75; Phone rang and I got out. Phones distract me way to much.

Missed a couple in the meantime - but was looking for precise setups also - moslty cause it was moving SO SLOW!

L4 .5; Anticipated this one, had good 5,2,1 divergence, and got in at 905, bounced off of 905.75 to much so I bailed.

Overall Ok, Just seemed to move real slow this morning so I was looking for the strict set ups for the most part.

Make 'em pretty, Chris
 

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Not a good day for me! I kinda thought I should not trade today due to some outside things but went ahead and did anyway. Wrong decision.

12 Trades 5 Winners (41.7%) for -4 = -$257.60

I missed a couple of fills, trying to get late entries and I jumped in a few late and lost. Anticipated a few in that slow upgrind this morning and lost.

I try to capture the "noise" but missed a few times and that slow upgrind there was no noise to capture!

Make 'em pretty, Chris
 
Days like yesterday almost always lead to day like today.

I stuck STRICKLY to the rules and only made 2 trades. Was distracted on what should have been the 2nd trade and to paranoid to take what should have been the 3rd trade.

2 trades 2 winners for 1.25 points = $52.90

S1 .75; Short at 895, hit the target of 894, but no fill, so I didn't wait for a second opportunity and bailed. Made .25 more than I expected!:)

Distracted on this - was looking at a note trade.

Just didn't feel good about this trade - it had just came down and hit the BB and I was still thinking about yesterday.

L2 .50; Took me what seemed like a long time to get a fill, but when It finally did, I look at the chart a prices didn't match - chart was lagging a touch after that downturn - So I just bailed right quick, don't like it when the charts don't match.

Better than yesterday, but not quite what I am looking for - although it is better than some of the days I make more points on!:(

Make 'em pretty, Chris
 

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Another slightly down day. I was real slow on the mouse - missed a couple fills and then chased a couple down.

8 Trades 5 winners (62.5%) for 0 points = $38.40

Suffice it to say that I was paranoid again today. I moved my target to .5 due to what seems to be a lack of interest in the market (low volume and follow through and volitility) and so moved my stop to .75. One trade I got short, price moved back up hit my stop for for a couple trades then continued my way! Perhaps I should have left it at 1 point - probably will.

If anyone is interested in a chart let me know and I will get one up later - and will do a week in review also.

Make 'em pretty, Chris
 
Put up the charts! I miss the charts!... :)

Question: With Bracketrader, if you change your entry price
before taking the trade, does it automatically change your
bracket prices also? TWS does not do this at the moment
and it would be cool if it did...
 
Quote from version77:



Question: With Bracketrader, if you change your entry price
before taking the trade,
More...


I use the instant entry on BT. I try to short at the Ask and Buy at the bid. Once I hit the button the only option is to cancel befor a fill and reenter, If I decide to do so.



does it automatically change your
bracket prices also?
More...


The bracket is set based on the fill. If I get slippage, the bracket will still do 1 point stop and 1 point target.

Put up the charts! I miss the charts!... :)
More...

You asked for it here it is a little late..but.....

Make 'em pretty, Chris
 

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This morning moved ALOT more than I expected it to move. And that was my problem - expectation!

7 Trades 6 Winners (85.7%) for .75 point = 3.90!! :confused:

L1 .50; Great setup, perfect execution - it hesitated hit .75 bounced down and I jumped out and watched it proceed north without me.

Had 3 hits at the top here and it stalled but I expected it to continue up so I hesitated on the short when it showed and missed a good drop.

S2 1; Really cannot explain this trade! Had nothing do with anything I was watching for - all I can say is that I was expecting it to continue down and it did not!

From here it seemed to slow down and I literally did another 5 trades for .25 just to get back to even and a touch more! I just took breakouts of bars after a reversal.

Oh well, Not a losing day!!:D :D

Make 'em pretty, Chris
 

Attachments

On the enthios website there is the Bollinger Reversal idea
where you enter on the low of the first down bar after ES
touches or penetrates the BB band if you are going short. I was
wondering if you might be able to get in a little earlier than
waiting for the low of the bar that penetrates the BB band?
Some of those bars that penetrate the BB band are really big...

Then again, it seems like it isn't as much of a reversal compared
to what you are doing... not as much confirmation... and he is
using a 5-minute chart...
 
Quote from version77:

On the enthios website there is the Bollinger Reversal idea
where you enter on the low of the first down bar after ES
touches or penetrates the BB band if you are going short. I was
wondering if you might be able to get in a little earlier than
waiting for the low of the bar that penetrates the BB band?
Some of those bars that penetrate the BB band are really big...

Then again, it seems like it isn't as much of a reversal compared
to what you are doing... not as much confirmation... and he is
using a 5-minute chart...
More...

Seems to me I've seen this in the past, but can't seem to find it again.

I really only use the BB as a visual confirmation that the price may change, the 5,2,1 is more important to me and then the price confirmation...

I used to try and buy or sell a penetration of the BB, but didn't work real good. However if we get a real big penetration and a close I may look for a trade.

Make 'em pretty, Chris
 
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