The Ultimate DAX Scalping Discussion Thread!

Quote from trade4succes:

Yes it's nice to see in retrospect.

I feel so grown-up now :D
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LOL. I know *Exactly* what you mean!

My old personal trading journals are a real hoot. Looking back at them a couple of years later is just hilarious. I can't believe all the nonsense I wrote and thought and all the sheer, unexcusable stupidities I committed, day in, day out.

Yeah, it is quite a challenging, ongoing process of evolution... :D
 
Quote from Grob109:

NLP is located in me right after the intellectual parts. scientist just above recites many pistures another uses as his belief system. these pictures are our beliefs. I have beliefs about the market that I have iteratively refined intentionally for 46 years formally and generally for 24 years before that outside of the market.

This is the topic of the perenial debate upon reading books. you do not change anything NLP wise by reading. Reading is sort of intellectual.

What is the equivalent word like reading for knowledge and intellectual stuff, for NLP'ing? It is processing. You have to learn to examine your beliefs and "process" them to a very high level so you can realize your potential.

It is not an intellectual thing that scientist is screaming at us. He wants you to get your pictures straight in order to have a belief system that totally supports your trading behavior.

You have to get NLP understood by taking a course and then practising using NLP to get your beliefs honed to a sharp comprehensive edge. This makes not understanding others less frequent and you will also say "I see what that guy is saying". This means: "I recognize the specific belief that that guy has and how he uses that belief to make decisions and act upon the decision." It is all the stuff that comes after data, gathering information and analysis. What you see posted in charts and indicators is fluff compared to the beliefs behind them. The belief pictures come from NLP. If you stay on the outside and can't see anything being stated, then it is because you are still ignorant of how you as a human work and how to improve yourself to accomplish your deep and abiding potential.
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Fantastic points, Jack. And spot on! That's exactly what I meant.

Regarding the NLP understanding : Fully agree here, too. You really need to take a course, and then take further education, processing and development from there into your own hands. You can't just learn NLP from books. You need to practice on people, and let them practice on you, in order to understand.

Scientist.
 
Quote from Scientist:

I ? Like my DAX trade a few days ago. I had a target 30pts (ludicrous) away and to my surprise it got hit. Had I had a 3, 5, 10, 15, 20, or 25pt target in place, I would have kicked myself. DAX moved a massive 40pts in about a few seconds. On DAX, you must ride the biggies when they come, or your bottom line suffers from those that sting you hard. Well, that's one my personal rules I play by, anyway.

Scientist
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This is the hardest thing in trading the dax. It has happened to me too many times that I carefully and slowly build up a nice positive balance and then get suddenly wiped or negative by a surge.
 
If both indexes have heavy weighting in the same direction, then take the index that "lags", i.e. gives you a better discount for a limit entry, and follow the side of the most volume.
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Just to confirm, when you say follow the side of the most volume do you mean if the bid side volume is larger than ask side volume you go a) Short or b) Long?

I know this seems basic but I have seen instances of each.
 
How's this? I just realized you could attach zip files. Stupid me.
Well, here's "Yoda Pivots", the pivot points I use - when I use them - in a zip.
They can indeed be quite powerful on DAX.
You can load them into any eSignal chart.

Have Fun!
Scientist
 

Attachments

Quote from Scientist:

All along, of course I didn't know any of this. It was a pain in the arse to me all along. Retrospectively, however, it all made perfect sense. As my coach went into my subconscious, found the reason and re-framed it, I went back into my past, talked to the "younger me", and told him that he is now grown-up and no longer needs to have an excuse, since he can do whatever he likes, whenever he likes. He no longer needs hayfever, since it's unnecessary in every sense.
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Scientist,

ive been following this thread with great interest.. the subject of NLP is something that ive studied only enough to be familiar with the basic concept.. im curious about the process your coach took you through in this case.. did he use hypnosis? if so, i am curious if you have noticed any negative effects from the hypnosis? thanks..

-Qwik
 
Quote from qwiktrade:

Scientist,

ive been following this thread with great interest.. the subject of NLP is something that ive studied only enough to be familiar with the basic concept.. im curious about the process your coach took you through in this case.. did he use hypnosis? if so, i am curious if you have noticed any negative effects from the hypnosis? thanks..

-Qwik
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Hypnosis? LOL no no. All you do is sit (or lay) down, relax, become settled, forget the world around you, and then focus on the questions / words of the person working with you. A bit like autogenic training I suppose. It takes about one or two minutes to get you into that state. As that happens (you need to constantly and throughout calibrate your subject to see if he/she is in the right state, i.e. watch muscle tension etc!), you do an ecology check to see if the change that person wants to have made would really be universally (!) beneficial, then, if confirmed, you ask the questions and get the subject to look into its own subconscious, to find the reasons for the problem / behavior / illness / emotion, whatever that person wants to find out. You keep doing this until the subject "finds it". Subject is conscious all the way through, not hypnotized. But in a state of complete relaxation, so the conscious doesn't constantly "overrun" the subconscious memories etc. As, for example the "secondary reason" is found, it can be reframed (i.e. "would it it be if ... instead...?") and therefore turned to your advantage or even eliminated, or linked to something else.

This is nothing but a simple process to make your subconscious work for you instead of against you. It has been scientifically proven and done for a long time, is used by a lot of therapists etc, some of which are very famous (i.e Milton Erickson). It has been known to create extreme changes to people's lives, if they intended to do so.

You can not have "negative effects" from it, that's nonsense. You only do what you want to do. That's why do an ecology check.

There's no negative effects to be derived from using NLP properly - only positive. But it is of course fully up to you. There's nothing "mystical", subjective or hard to understand about NLP, either. It is a science that is based on pure commonsense and logic, and the way our brain works. As you go through a course, you will just go "yeah, that all makes sense". NLP and elements of it is used world-wide, to a large extent particularly in the fields of business, communication, coaching, selling, high-performance sports, military performance and individual (situational) therapy and life improvement. Whichever you want to primarily use it for is up to you - Once you understand it, you can do almost anything with it - Such as becoming a high-performance trader, or marksman - whatever you like. I most highly recommend it.

I recommend to go with an accredited trainer, though, because there are a lot of pseudo's out there indeed. A proper NLP expert should be accredited with INLPTA and by preference have a good deal of experience with a lot of people and problems. I was lucky to find an excellent NLP coach, who has been coaching me for years now. I hope you will, too!

Have Fun!
Scientist
 
Traders with marginal trading strategies always conclude that trading is all about psychology, since that is the only way they can get their marginal strategies to be profitable (i.e., they have too little room for error or undisciplined behavior).
 
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