Scalping e-minis

Captain, Yeah that's the idea. 5 grand 2 pt stops, with daytrade margin you can survive a 50% drawdown.

Now with 4 pt stops, then it's 10k per contract. And when I am experimenting with Bollinger Bands it's one contract regardless.
 
Originally posted by Lobster


I'm with you on this one. I'm just saying it is nonsense to reject a trading system just because it has a wider stop than profit target. On the contrary, you could argue that the instances where you are most likely to have a great amount of slippage are losing trades (stops). Therefore, it would only make sense to eliminate as many losing trades as possible.
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True.

I don't get how anyone that doesn't use a computer for entries and exits (and automated system that does the entering and exits w/o human intervention) or a floor trader (doing the big contract) can scalp the spoos.

nitro
 
dang savage, you aint shy about giving a loss room to prove itself are you?

A 70% hit rate would do wonders for my outlook on life.

anyway, nice work if you can get it (and I can't get cause I tried.)
 
Originally posted by tampa
On the surface, scalping seems wild and crazy - but it is anything but.

If you have patients, and don't get greedy - i.e. go for small reasonable profits - it is safe and sound.

With the advent of auto-entry applications such as BracketTrader or AutoTrader it comes down to one mouse click! I have had trades as short as six seconds, with most lasting no more than one minute.

The true risk/reward is very reasonable. and the win/loss rate is astonishing. Play by the rules, and it is virtually a no lose situation.
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This is the only way I can imagine it being done to make it worthwhile on the trade for seconds level.

nitro
 
Originally posted by savage
FUTURES TRADES ---------------------------------------------------------------------------------------

Trade Time Description Exch Qty Trade Price Set Price Gain/Loss Comm ***
----------------- ----------- -------- ----- ----------- ----------- ----------- -------- ---
02-08-30 11:23:22 ES SEP02 GLOBEX 1 920.2500 916.0000 -212.50 -2.40 O
02-08-30 11:27:28 ES SEP02 GLOBEX -1 919.5000 916.0000 175.00 -2.40 C
02-08-30 11:29:34 ES SEP02 GLOBEX -1 918.7500 916.0000 137.50 -2.40 O
02-08-30 11:32:43 ES SEP02 GLOBEX 1 920.7500 916.0000 -237.50 -2.40 C
02-08-30 11:34:22 ES SEP02 GLOBEX -1 922.0000 916.0000 300.00 -2.40 O
02-08-30 11:37:23 ES SEP02 GLOBEX 1 921.5000 916.0000 -275.00 -2.40 C
02-08-30 11:41:39 ES SEP02 GLOBEX 1 922.5000 916.0000 -325.00 -2.40 O
02-08-30 11:46:54 ES SEP02 GLOBEX -1 923.0000 916.0000 350.00 -2.40 C
02-08-30 11:49:46 ES SEP02 GLOBEX -1 921.7500 916.0000 287.50 -2.40 O
02-08-30 11:50:49 ES SEP02 GLOBEX 1 921.5000 916.0000 -275.00 -2.40 C
02-08-30 11:55:34 ES SEP02 GLOBEX -1 920.7500 916.0000 237.50 -2.40 O
02-08-30 11:58:37 ES SEP02 GLOBEX 1 921.5000 916.0000 -275.00 -2.40 C
02-08-30 12:39:08 ES SEP02 GLOBEX 1 925.5000 916.0000 -475.00 -2.40 O
02-08-30 12:40:21 ES SEP02 GLOBEX -1 925.7500 916.0000 487.50 -2.40 C
02-08-30 12:41:59 ES SEP02 GLOBEX 1 926.0000 916.0000 -500.00 -2.40 O
02-08-30 12:44:42 ES SEP02 GLOBEX -1 925.7500 916.0000 487.50 -2.40 C
02-08-30 12:46:16 ES SEP02 GLOBEX 1 926.5000 916.0000 -525.00 -2.40 O
02-08-30 12:48:23 ES SEP02 GLOBEX -1 926.7500 916.0000 537.50 -2.40 C
02-08-30 12:50:17 ES SEP02 GLOBEX -1 927.0000 916.0000 550.00 -2.40 O
02-08-30 12:53:44 ES SEP02 GLOBEX 1 926.5000 916.0000 -525.00 -2.40 C
02-08-30 12:55:11 ES SEP02 GLOBEX -1 926.0000 916.0000 500.00 -2.40 O
02-08-30 12:55:51 ES SEP02 GLOBEX 1 925.7500 916.0000 -487.50 -2.40 C
02-08-30 12:58:07 ES SEP02 GLOBEX -1 925.5000 916.0000 475.00 -2.40 O
02-08-30 13:00:03 ES SEP02 GLOBEX 1 925.7500 916.0000 -487.50 -2.40 C
02-08-30 13:03:53 ES SEP02 GLOBEX -1 925.2500 916.0000 462.50 -2.40 O
02-08-30 13:07:59 ES SEP02 GLOBEX 1 924.0000 916.0000 -400.00 -2.40 C
02-08-30 13:20:03 ES SEP02 GLOBEX -1 924.7500 916.0000 437.50 -2.40 O
02-08-30 13:21:08 ES SEP02 GLOBEX 1 925.5000 916.0000 -475.00 -2.40 C
02-08-30 13:49:48 ES SEP02 GLOBEX -1 924.7500 916.0000 437.50 -2.40 O
02-08-30 13:53:18 ES SEP02 GLOBEX 1 924.5000 916.0000 -425.00 -2.40 C
02-08-30 13:55:50 ES SEP02 GLOBEX -1 924.2500 916.0000 412.50 -2.40 O
02-08-30 13:59:13 ES SEP02 GLOBEX 1 924.7500 916.0000 -437.50 -2.40 C
02-08-30 14:00:30 ES SEP02 GLOBEX 1 925.0000 916.0000 -450.00 -2.40 O
02-08-30 14:02:40 ES SEP02 GLOBEX -1 925.7500 916.0000 487.50 -2.40 C
02-08-30 14:06:28 ES SEP02 GLOBEX 1 926.2500 916.0000 -512.50 -2.40 O
02-08-30 14:07:27 ES SEP02 GLOBEX -1 926.7500 916.0000 537.50 -2.40 C
02-08-30 14:09:06 ES SEP02 GLOBEX -1 926.0000 916.0000 500.00 -2.40 O
02-08-30 14:12:09 ES SEP02 GLOBEX 1 926.5000 916.0000 -525.00 -2.40 C
02-08-30 14:13:37 ES SEP02 GLOBEX -1 926.2500 916.0000 512.50 -2.40 O
02-08-30 14:14:04 ES SEP02 GLOBEX 1 927.0000 916.0000 -550.00 -2.40 C
02-08-30 14:14:25 ES SEP02 GLOBEX -1 926.7500 916.0000 537.50 -2.40 O
02-08-30 14:17:12 ES SEP02 GLOBEX 1 927.2500 916.0000 -562.50 -2.40 C
02-08-30 14:25:31 ES SEP02 GLOBEX -1 927.2500 916.0000 562.50 -2.40 O
02-08-30 14:26:48 ES SEP02 GLOBEX 1 926.5000 916.0000 -525.00 -2.40 C
02-08-30 14:37:25 ES SEP02 GLOBEX -1 926.2500 916.0000 512.50 -2.40 O
02-08-30 14:38:09 ES SEP02 GLOBEX 1 926.0000 916.0000 -500.00 -2.40 C
02-08-30 14:40:51 ES SEP02 GLOBEX -1 926.5000 916.0000 525.00 -2.40 O
02-08-30 14:43:30 ES SEP02 GLOBEX 1 926.2500 916.0000 -512.50 -2.40 C
02-08-30 14:43:46 ES SEP02 GLOBEX -1 925.7500 916.0000 487.50 -2.40 O
02-08-30 14:46:21 ES SEP02 GLOBEX 1 924.2500 916.0000 -412.50 -2.40 C
02-08-30 14:47:44 ES SEP02 GLOBEX -1 923.5000 916.0000 375.00 -2.40 O
02-08-30 14:48:22 ES SEP02 GLOBEX 1 923.7500 916.0000 -387.50 -2.40 C
02-08-30 14:50:18 ES SEP02 GLOBEX -1 923.2500 916.0000 362.50 -2.40 O
02-08-30 14:51:55 ES SEP02 GLOBEX 1 922.0000 916.0000 -300.00 -2.40 C
02-08-30 15:01:02 ES SEP02 GLOBEX -1 923.5000 916.0000 375.00 -2.40 O
02-08-30 15:01:58 ES SEP02 GLOBEX 1 923.5000 916.0000 -375.00 -2.40 C
02-08-30 15:03:29 ES SEP02 GLOBEX -1 923.0000 916.0000 350.00 -2.40 O
02-08-30 15:06:02 ES SEP02 GLOBEX 1 922.0000 916.0000 -300.00 -2.40 C
02-08-30 15:10:15 ES SEP02 GLOBEX -1 922.7500 916.0000 337.50 -2.40 O
02-08-30 15:10:47 ES SEP02 GLOBEX 1 922.5000 916.0000 -325.00 -2.40 C
02-08-30 15:12:10 ES SEP02 GLOBEX -1 921.2500 916.0000 262.50 -2.40 O
02-08-30 15:12:33 ES SEP02 GLOBEX 1 921.0000 916.0000 -250.00 -2.40 C
02-08-30 15:16:20 ES SEP02 GLOBEX 1 919.5000 916.0000 -175.00 -2.40 O
02-08-30 15:17:15 ES SEP02 GLOBEX -1 919.7500 916.0000 187.50 -2.40 C
02-08-30 15:22:23 ES SEP02 GLOBEX 1 921.2500 916.0000 -262.50 -2.40 O
02-08-30 15:24:43 ES SEP02 GLOBEX -1 920.7500 916.0000 237.50 -2.40 C
02-08-30 15:25:36 ES SEP02 GLOBEX 1 921.5000 916.0000 -275.00 -2.40 O
02-08-30 15:29:22 ES SEP02 GLOBEX -1 921.0000 916.0000 250.00 -2.40 C
02-08-30 15:29:49 ES SEP02 GLOBEX -1 920.0000 916.0000 200.00 -2.40 O
02-08-30 15:30:16 ES SEP02 GLOBEX 1 919.7500 916.0000 -187.50 -2.40 C
02-08-30 15:30:46 ES SEP02 GLOBEX -1 919.2500 916.0000 162.50 -2.40 O
02-08-30 15:31:36 ES SEP02 GLOBEX 1 918.5000 916.0000 -125.00 -2.40 C
02-08-30 15:32:47 ES SEP02 GLOBEX -1 917.2500 916.0000 62.50 -2.40 O
02-08-30 15:34:03 ES SEP02 GLOBEX 1 918.0000 916.0000 -100.00 -2.40 C
02-08-30 15:35:08 ES SEP02 GLOBEX 1 918.0000 916.0000 -100.00 -2.40 O
02-08-30 15:35:55 ES SEP02 GLOBEX -1 918.7500 916.0000 137.50 -2.40 C
02-08-30 15:40:50 ES SEP02 GLOBEX 1 919.5000 916.0000 -175.00 -2.40 O
02-08-30 15:42:17 ES SEP02 GLOBEX -1 919.7500 916.0000 187.50 -2.40 C
===== =========== ========
0 200.00 -187.20
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I don't understand this table. It says O and C at the end, but each trade has a gain loss. Is the gain/loss a cumulative number then - it would seem not, as the number at the bottom suggests that you made $200 in total, but had $187.20 in comissions?

nitro
 
oh sure, if you have patients, no problem. If the scalp doesn't work out, you just get up from the computer, go into the operating room and say "Nurse! scalpal. "

"Yes Doctor, don't worry, you'll get your trading capital back just as soon as we get paid for ripping out these organs."
 
Just look at the first number in every line. The format is from IB and the 916 ( and the number behind) in every line is just there to confuse people (or mark to market or something ;-))

At the end 200 profit and 187.2 commis is correct.
 
@profitseer,

i cant say something generally on BB, but for my method on trading 1min NQ/ES with the setting on 13,2 it has some value. it depends on whether you have an overall up- or downtrend. if you have a downtrend (like friday last hour) and the upper band is penetrated, its often the point of the swinghigh and a reversal take place. on the downside it penetrates the band on 3 or 4 bars (on higher volume with a close outside), then the next bar "touches" the band on the inside with his low and price reverse.

just put the setting on your screen and watch from 15:30 to 15:35 and from 15:48 to 15:51. its typical. of course it takes some "experience" in recognizing + executing this in realtime :) , but it looks fortwhile (for me). for personal reason i can only trade the first and last hour. i need to find an method for this limitation.

just my observation. of course all seems different with the setting on 20,2 IMO.
 
First day of month: 8:30 enter, 8:31 exit with one point profit. Well, there's my quota for the day. This trading isn't such a bad job after all.

2nd day of month: 14:23, If I can just get 3 more winning trades off before the close I will still be on track for a 20 pt month.
 
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