The Ultimate DAX Scalping Discussion Thread!
- Thread starter Scientist
- Start date
Well, I certainly was shocked with two people.
Mr Hershey, took the time to explain his post. Jack always has posts filled with gobs of information and he puts a lot of thought into them. I was shocked that he spent the time that he did helping me and I hope others.
As far as Scientist, I am leaving this thread, as I do not feel welcome here. Scientist, I find you immature, ARROGANT, and closed-minded. I was hoping to get your attention with the one-liner that I posted. I obviously did!...... It hurt didn't it?
Well, anyways no hard feelings folks.....I look forward to reading your posts in other threads(not scientists...he is on ignore) I feel many of you here are truly trying to learn and contribute and not to blow up your own egos and lie about your status.
Good luck to those of you.
No need to reply to me Jack or Scientist.....I am "outta here".
Jack talk to you soon...I am digesting your post and reviewing a few of your threads (stochastics and others)
Michael B..
Mr Hershey, took the time to explain his post. Jack always has posts filled with gobs of information and he puts a lot of thought into them. I was shocked that he spent the time that he did helping me and I hope others.
As far as Scientist, I am leaving this thread, as I do not feel welcome here. Scientist, I find you immature, ARROGANT, and closed-minded. I was hoping to get your attention with the one-liner that I posted. I obviously did!...... It hurt didn't it?
Well, anyways no hard feelings folks.....I look forward to reading your posts in other threads(not scientists...he is on ignore) I feel many of you here are truly trying to learn and contribute and not to blow up your own egos and lie about your status.
Good luck to those of you.
No need to reply to me Jack or Scientist.....I am "outta here".
Jack talk to you soon...I am digesting your post and reviewing a few of your threads (stochastics and others)
Michael B..
Hurt? How could it hurt, unless I had some sort of emotional attachment to you. You are the one being immature, after posting cynical, back-stabbing posts on ET in my absence. I said this elsewhere.
And by the way, I am IMMATURE, ARROGANT, but certainly not close minded. I am always open for anything. And certainly not as immature or arrogant as you, after it was you who took my stabs as a reply to yours so terribly personal. You're shouting boo-hoo from your little shell now, because I embarrassed you so much with my reply to your "You don't even trade" post.
Let's face it: The reply was honest and made sense. That's why you're so pi$$ed? Now go home and cry to mommy, or grow up.
Now where did I lie about my status? Didn't I just clarify that I don't even want to disclose it? Now you're twisted again.
Man, you're a tough case, really. You thought you'd push my buttons, but I just pushed yours.
As for "truly trying to learn and contribute" - With all due respect, I made this point when I started this thread, I have contributed about 25X as much as you to this thread. It's my thread, and those who think it's of no value, needn't be here or contribute. So you're indeed very welcome to go elsewhere, where real traders post, not just inflated, arrogant, immature and close-minded amateurs who have no idea what they're talking about.
Good Luck to you, too. May mother sanity take you back into her guarding arms.
Grob
I am an inexperienced DAX student but am fascinated by your visualisation of price/volume and change as a Johari window.
The Johari window of communication is a "grahical model of awareness in intrepersonal relations" and as change takes place the area taken up by its elements change.
I'm having trouble in visualising this translated to price and volume in a trading instrument such as DAX (Dumb I suppose)
Could you help with a picture please - they are as good as a thousand words (so it is said)
Fot those who havent come across Johari I am attaching a pic
Thanks for your time
I am an inexperienced DAX student but am fascinated by your visualisation of price/volume and change as a Johari window.
The Johari window of communication is a "grahical model of awareness in intrepersonal relations" and as change takes place the area taken up by its elements change.
I'm having trouble in visualising this translated to price and volume in a trading instrument such as DAX (Dumb I suppose)
Could you help with a picture please - they are as good as a thousand words (so it is said)
Fot those who havent come across Johari I am attaching a pic
Thanks for your time
Discussion reproduced from Mark's thread:
Interesting indeed. Sounds like Neoticker has some pretty good features. However, the reality is that I hardly look much at charts (only sometimes, and usually simple ones), so my ~$150/month for eSignal look like flushed down the toilet. Why do I use it? Because it has the best datafeed IMO. Also, I use it for the tape (T&S), which is very reliable and fast. Most of the time, I'm focused on tape, DOM, and the tick-chart in my execution platform. I will glance over to 1-min, 5-min and 15-min charts occassionally, but that's just for an overview. That's why I like ButtonTrader - It's got a simple tick-chart in it, right next to the DOM, coupled with volume pressure - This gives me most of the feel for where S&R is, where price went, where it bounced, plus it doesn't bias me much with past market information (it only shows ~10 minutes of tick chart). Perfect tool for a scalper.
As for executing simulated trades off that recorded data: Well, in ButtonTrader, you can record as much market as you like and then re-play the session, doing simulated trading just like the real market. It records all the action on the depth and price changes. It's essentially like re-living the trading day. I do this consistently, particularly when I've had a bad day. Comes a bad day, I will replay that session again and again, until my "end result" is seriously good. Of course I will get better also as I will remember what happened during that session. But you see that's exactly the point of it - As you actually remember things that happened, you adapt and build a framework in your mind to "remember things before they happen", which eventually translates into future performance, as you learn to clearly identify certain situations you've replayed several times in the past. Does this make any sense to you? It's a trick I learnt in NLP, it works very well for me in terms of honing very short-term scalping performance. It might not be so easy to implement when you have to rely on charts, though.
And by the way - You can record sessions in X_Trader, too, even better than on Button. I know you can...
Scientist
Hi dpanic,
Interesting indeed. Sounds like Neoticker has some pretty good features. However, the reality is that I hardly look much at charts (only sometimes, and usually simple ones), so my ~$150/month for eSignal look like flushed down the toilet. Why do I use it? Because it has the best datafeed IMO. Also, I use it for the tape (T&S), which is very reliable and fast. Most of the time, I'm focused on tape, DOM, and the tick-chart in my execution platform. I will glance over to 1-min, 5-min and 15-min charts occassionally, but that's just for an overview. That's why I like ButtonTrader - It's got a simple tick-chart in it, right next to the DOM, coupled with volume pressure - This gives me most of the feel for where S&R is, where price went, where it bounced, plus it doesn't bias me much with past market information (it only shows ~10 minutes of tick chart). Perfect tool for a scalper.
As for executing simulated trades off that recorded data: Well, in ButtonTrader, you can record as much market as you like and then re-play the session, doing simulated trading just like the real market. It records all the action on the depth and price changes. It's essentially like re-living the trading day. I do this consistently, particularly when I've had a bad day. Comes a bad day, I will replay that session again and again, until my "end result" is seriously good. Of course I will get better also as I will remember what happened during that session. But you see that's exactly the point of it - As you actually remember things that happened, you adapt and build a framework in your mind to "remember things before they happen", which eventually translates into future performance, as you learn to clearly identify certain situations you've replayed several times in the past. Does this make any sense to you? It's a trick I learnt in NLP, it works very well for me in terms of honing very short-term scalping performance. It might not be so easy to implement when you have to rely on charts, though.
And by the way - You can record sessions in X_Trader, too, even better than on Button. I know you can...
Scientist
picking up the conversation from the VT thread. I agree with you that esignal is the best data feed, at least better than qcharts which is from where I came.
For honing scalping abilities though I do believe that a replay is valuable. For me though it's better to go back a few days so I don't remember too many details. I have a hard time blocking out the fact that I know the general characteristic of the day. I think I have a nice feel for trading the dome, been trading es that way for quite some time but still rely heavily on chart setups. Maybe I'm not a true scalper because I really focus on getting into a setup that will yield 10 points minimum on DAX. I think maybe I'm a hybrid scalper because I'm looking at the big picture but will use scalp a portion of my position for 2 reasons.
#1 to cover my risk on the trade, i.e. scalp out of a portion of my position to quickly cover my risk so that maybe 1/2 or 1/3 of my position is risk free to my stop and to be totally fearless with that portion.
#2 boredom, many times there just isn't a good setup or maybe it's one of those days when it just doesn't come together fast enuf for me and being patient is a problem. My profit generally is from staying in the big moves however I really don't lose any scalping so if it keeps me sharp and entertained then I will scalp. I think I recall from reading market wizards that micheal markus traded in a similar fashion.
both of these reasons come really out of self awareness, I used to have a bad habit of exiting too early out of fear then would be left in the cold when the move finally materialized the way I originally speculated that it would. I tried to battle the fear trading small size but what I found that finally worked was to trade sufficient size to really force me to be serious about the entry, that elimiated many haphazard marginal trades, plus taking on enuf size that I could take a partial here and there fairly quickly to feed the greed, reduce the risk thus the fear and let the rest run. Maybe this is a bunch of bs that that's where I'm at now. battling the mental game is a constant battle for me. You mention NLP, I've always had one ear tuned on that but never really seriously studied it.
For honing scalping abilities though I do believe that a replay is valuable. For me though it's better to go back a few days so I don't remember too many details. I have a hard time blocking out the fact that I know the general characteristic of the day. I think I have a nice feel for trading the dome, been trading es that way for quite some time but still rely heavily on chart setups. Maybe I'm not a true scalper because I really focus on getting into a setup that will yield 10 points minimum on DAX. I think maybe I'm a hybrid scalper because I'm looking at the big picture but will use scalp a portion of my position for 2 reasons.
#1 to cover my risk on the trade, i.e. scalp out of a portion of my position to quickly cover my risk so that maybe 1/2 or 1/3 of my position is risk free to my stop and to be totally fearless with that portion.
#2 boredom, many times there just isn't a good setup or maybe it's one of those days when it just doesn't come together fast enuf for me and being patient is a problem. My profit generally is from staying in the big moves however I really don't lose any scalping so if it keeps me sharp and entertained then I will scalp. I think I recall from reading market wizards that micheal markus traded in a similar fashion.
both of these reasons come really out of self awareness, I used to have a bad habit of exiting too early out of fear then would be left in the cold when the move finally materialized the way I originally speculated that it would. I tried to battle the fear trading small size but what I found that finally worked was to trade sufficient size to really force me to be serious about the entry, that elimiated many haphazard marginal trades, plus taking on enuf size that I could take a partial here and there fairly quickly to feed the greed, reduce the risk thus the fear and let the rest run. Maybe this is a bunch of bs that that's where I'm at now. battling the mental game is a constant battle for me. You mention NLP, I've always had one ear tuned on that but never really seriously studied it.