Scalping with a hard stop loss

Handle123 · Feb 1, 2019

I know Iqfeed, Esignal and IB use to not send it all, don't know how they are now as I get CME and CQG

syswizard · Feb 1, 2019

bone said:
Pay for the data from a known and trusted provider, like CME or CQG or Bloomberg. Free data is naturally suspect.

I'm using DTN IQFeed....very good so far. Never see a gap in ES/NQ prices intraday.

bone · Feb 1, 2019

I've always been amazed at the people who will commit vast effort and hundreds of hours to data analysis - but they insist on using cheap or preferably free data. Boggles the mind.

For those of you following at home who don't have Tier 1 charting platforms: there's a very good reason why MatLab offers a toolbox extension for the Bloomberg data feed. Even if you're selling cars or tending bar - spend a very nominal sum for good, clean, quality data directly from CME.

https://www.cmegroup.com/market-data.html

syswizard · Feb 2, 2019

I don't care what anybody says...DTN IQFeed delivers quality data.
Friday post 3 pm was a perfect example.....the ES/NQ futures market was moving at the speed of light....
there were violent reversals on big volume.....and it did not miss a beat.

Ilgan · Feb 18, 2019

I am not against scalping but I always find it difficult as there is too much risk in trading on the shorter term. I think trading requires planning and a good plan is that which makes you able to stay on the market for a long time. Do you agree with me?

volpri · Feb 18, 2019

Ilgan said:
I am not against scalping but I always find it difficult as there is too much risk in trading on the shorter term. I think trading requires planning and a good plan is that which makes you able to stay on the market for a long time. Do you agree with me?

Nope

expiated · Feb 17, 2020

Turveyd said:
That's uncannily like some of my setups look like, all my years, never seen anyone else use Envelopes literally!
I'm not totally mad, well there are 2 of me I guess, so maybe.

I recently found out that a guy name J.M. Hurst originated this kind of thing back in the 1970's.

The charts I'm using now look more like the one above than the ones I posted a year ago...

Turveyd · Feb 18, 2020

Becoming more of a scalper and using a BB aswell

Screenshot_20200218-102017_MetaTrader 4.jpg

cornerstone · Feb 18, 2020

lukas said:
Do you think that scalping like the guy in these videos is better than using a more position/swing-trading strategy?
Is scalping possible with a hard stop loss order and not exiting a loser by hand?

Bookmap is very good for scalping