scalping with peter2h

[NQurious]

Destriero is a young man who attacks anything he doesn't understand but he got lucky this time

Luck had nothing to do with it, and it was obvious that he was right when he offered to leave ET if you produced NFA’s and fees and you said nothing.

Imo, no shame in paper trading. Maybe no shame in deciding not to reveal to the reader that this demonstration was simulated. But when called out on it you attempted to avoid admitting it was sim, and worse, you went after Des’s credibility, both in the feedback thread and even now in this one, e.g. “a young man who attacks anything he doesn’t understand.”

Seems he understood completely, imo.

I’d still like to see the demonstration done with full disclosure, only post orders where you can call the limit before hand, etc.

Probably best to kill this journal and start over fresh if you decide to do so.

 

[destriero]

sold a third at 08 and will sell 09 if I can't get out at B/E

Sold a third of what? You've admitted it was all sim and they were all one lots. What is this BS?

 

[destriero]

Thanks very much for the good wishes. I agree with your analysis of the P/L on these small trades. It's necessary to have an extremely good entry and a fairly quick resolution to have profitable days. I have found that I can get those good entries when the market is moving more slowly and it usually goes well enough, I call it conservative because I'm taking quick small profits; maybe it's not the right word.

I prefer not trading in the first couple of hours for this reason. Of course, today I didn't follow my rules and found myself in a couple of dicey situations. I still had a good enough day. Thanks again.

Good entries? When buying the bid and shorting the offer on sim?

 

[cafeole]

The fact that this was a sim doesn't bother me. We all have to do our due diligence. I went over the 7 trades he posted and noticed that if he had given the entry an extra 0.25 and took only 0.75, all the trades should have worked. His system is worth looking at and I appreciate this thread.

 

[cafeole]

I watched the 1000 tick chart for ES today and noticed that the price bounced off of the 50% retracement line from the overnight h/l 4 times since 10:30am and scalping each time would have been successful. It is uncanny how often it touched the line and bounced.