Nothing to something scalping system

[Zak]

Thanks for your reply TH. In your trading are you going both long and short regardless of the trend or do you stick to a particular trend long or short albeit that it might only last for 1 min, 5 min, 15 min or 1 hour etc. If you do what time frames are you watching? Thanks again.

 

[keirdoubas]

Firstly, thanks so much for providing insight into your Methods TH.

Have you thought about scalping the DAX TH? its a two point spread on my CFD platform and my index of choice. I find it has plenty of volatility and just mirrors the S&P500 and Dow Jones generally. I like to trade it on an intraday momentum basis, around news and gauging market sentiment.

cheers :star:

 

[Trembling Hand]

CFDs served their purpose but they are really a disadvantage. Given the right account size you are ALWAYS better trading the futs. By a factor of many $1000s over a year.

 

[georgey]

Hi TH
New to this site and am a new CMC customer altho traded off and
on for years with warrants and stocks.
I only have $2000 to play with at present and wondered about yr
comment that futures are better as the Aus200 futures are a 3pt
spread compared to the index of 2c.
Thanks

 

[Trembling Hand]

Hi TH
New to this site and am a new CMC customer altho traded off and
on for years with warrants and stocks.
I only have $2000 to play with at present and wondered about yr
comment that futures are better as the Aus200 futures are a 3pt
spread compared to the index of 2c.
Thanks

Mate for a start IMNSHO thats not enough to even bother opening an account with.

As for futs you don't have enough to trade futs by about X10.

As for the CFD vs Futs on the Aus200 if the spread is 3 you are paying $150 cost to trade compared to $60 for the SPI (being $10 brokerage + $50 spread). Probably less if you know how to trade with the spread rather than crossing it.

CFDs are a joke!!

 

[georgey]

Thanks for comments TH
Paper scalp traded Dax other night with 1 contract, 7 shorts/4 buys
and had 10 wins - 1 loss for 32 euros profit. Got in on a good range
admittedly and could get into trouble when price keeps going, so need
to plan on that scenario. But seeming possibilities to quietly grow
account and it's great not to worry about brokerage.
Dax, Aus and possibly S&P seem markets for small account, HSI and Japan
for later perhaps.
Cheers

 

[Trembling Hand]

But seeming possibilities to quietly grow
account and it's great not to worry about brokerage.

You are kidding yourself if you think you are not paying the MOST expensive brokerage going around.

But good luck.

 

[RazzaDazzla]

would love to see this thread continue...

I'm trying to get my head around what exactly scalping is. I know it's trading over extremley small time frames and holding trades for seconds or minutes at a time.

Is it a form of aribtrage? Or is it simply watching the DOM and buying/selling when you beleive the bulls/bears are in control? Then exiting once you've made a pip or three?

I've googled searched a bit; but it's hard to wade through the BS.

 

[Timmy]

Here are 2 links that will hopefully help you start to understand what scalping is, without the b/s. It is not necessary to agree with everything written in these articles to get an initial handle on scalping, its all part of the rich tapestry.

This here thread (the one you are reading) is an excellent resource too, TremblingHand's posts are invaluable.

http://www.investopedia.com/articles/trading/05/scalping.asp

http://en.wikipedia.org/wiki/Scalping_(trading)

 

[Naked shorts]

would love to see this thread continue...

Would love to see another ASFer start a very similar thread. I would but im not that good.. yet. When I am i will definitely start one. Guru status will be mine!

 

[Naked shorts]

Would love to see another ASFer start a very similar thread.

Anyone willing to step up to the plate?

 

[Largesse]

yeh i totez like sel n buy n sh*t

 

[stockGURU]

yeh i totez like sel n buy n sh*t

Too much egg nog? :

 

[Naked shorts]

yeh i totez like sel n buy n sh*t

omg r u ful srs?

i guess your still waiting for that big blow off top ey large?

https://www.aussiestockforums.com/forums/showthread.php?p=509179#post509179

 

[ThingyMajiggy]

Anyone willing to step up to the plate?

Who else trades like this around here?

TH, would you been interested in posting some video of your trading? Just a thought

 

[RazzaDazzla]

Video would be very interesting.

 

[Wysiwyg]

This here thread (the one you are reading) is an excellent resource too, TremblingHand's posts are invaluable.

Question specifically to Moderator Tim.
You have recommended this thread as an excellent resource in relation to scalping. I have looked through this thread objectively for any resourceful scalping information/techniques/strategies/systems and am wondering if you know where it is? Was it front running sizeable bids/asks on a Depth of Market ladder? The links were informative. Thanks.

 

[Trembling Hand]

Question specifically to Moderator Tim.
You have recommended this thread as an excellent resource in relation to scalping. I have looked through this thread objectively for any resourceful scalping information/techniques/strategies/systems and am wondering if you know where it is? Was it front running sizeable bids/asks on a Depth of Market ladder? The links were informative. Thanks.

Clearly what you see is what you want.

How can you 'objectively ' read this thread and then post the opposite of what I have said in it.

I guess you can lead a horse to water but.....................


sometimes you should just shoot it.

:horse:

 

[Wysiwyg]

I really don't understand what you say. I try to make sense of your sentences but they are mostly riddles to me. That is, they don't make sense. I do a lot of reading and rarely encounter communication like it! Thus directing the question to Tim.

 

[Wysiwyg]

Okay. I like to learn, as a matter of fact it is an insatiable desire. Below are responses from the original poster in relation to probes about the system being employed.

Mostly DOM with the odd glance at a 1 min chart.

Okay so we learned the system used mostly a L2 Depth of Market.

Did I ever say that looking at what is sitting in the order book was worth trading off???????????????

Really don't understand this response. No suggestion was made that it was. So the bid/ask volume in the order book is irrelevant?

People who claim to trade off the DOM use it as incorrectly as they use TA.

Are there any people out there who trade off the market depth able to confirm they use it incorrectly?

The only thing in the DOM that is of use is who is hitting the market and when. The run up today from 2:30 to 3:30 was a perfect example of someone printing the bars. People who think that a lot of sell orders sitting in the order book will cause the price to go down should notice that the opposite is more likely to happen. That 2:30 SPI run again perfect example there was at least twice as many offers than bids and we ran 50 points into it.

Okay so maybe scalp against volume in the bid or ask.

Or you can take the other side and flip as soon as the market whips back after one of the big boys push the market to hard.

And finally I think this sentence is the nothing to something scalping strategy.