Not true. The muppets claim that I have no edge. If its anything its simple trade management, that is really tight stops and trail them if I luck out with a winner.
I would like to see anyone who can enter approx 500 times and average close to no adverse move without a HUGE edge. Not just a stop. We aren't talking 2 ATR stops here we are talking less than a tick loss per trade that goes against you including spread/brokerage etc.
And then getting better than 50% winners and make a huge % return. But the muppets will not accept that nor comment on it because they have their agenda and it hurts them too much to even think let alone acknowledge.
bullbear, you should be able to tell that TH dropped off in profitability big time around his last 3 posts. His whole tone changed. It's like reading tape.
Still one of the best threads on this forum, and I'm going to go over it with a fine toothed comb one day soon and start a new thread on it.
Also, when CFD providers start losing too much, they widen spreads on certain accounts, hence why no more could be made using this system on this account
They also delay your orders getting through their system which means when scalping like this your orders do not go through and you get continual re-quotes or messages saying this price is no longer available.
Looks like you're with IG
They used to be coool
Hey Trembling Hand, or anyone else who uses IB to trade SPI, how do you combat the order confirmation they do now? Not having single click dealing really kills scalping, I dont want to have to get TT and pay an extra grand a month to use their ladder, surely there is some way around this? any help would be much appreciated
I don't scalp because I only trade options, but try arming booktrader (look in the top rh side), then when then order confirmation comes up (after placing order) check the "do not display message again" box.
I spoke to IB, their reply is that it's due to regulatory changes and therefore a legal issue. If I was still trading the SPI I'd be looking elsewhere!
Its not IBs fault. TT holds the patent for 1 click trading in the price ladder and are forcing every company to pay either 0.10 USD per side or don't use their patent.
Lucky IB got away with it for as long as they did.
Can you elaborate on who 'TT' is, thanks.
I have completely given up on it for the following reasons,
1. SPI volatility has dried up.
2. CFD providers will not let you get any volume anymore. (So its a waste of time)
3. I'm concentrating on other Asian index futs where the size is close to unlimitedthe swings are many and the scalping is worth the effort.
But I want to make this clear because I have been contacted by a few newbies. As the SPI stands now with low volatility and a low amount of intraday swings its not the index to scalp. Certainly not with CFDs.
And I would say that just about rules out any scalping with CFDs in any market. As spreads on all other instruments are just to wide to get over jobbing along all day.
DON"T DO IT.
Just want to bumb this post from 3 years ago.
This is some really great stuff - trembling hand are you still using this system?
I have completely given up on it for the following reasons,
1. SPI volatility has dried up.
2. CFD providers will not let you get any volume anymore. (So its a waste of time)
3. I'm concentrating on other Asian index futs where the size is close to unlimited the swings are many and the scalping is worth the effort.
This is some really great stuff - trembling hand are you still using this system?
Just want to bumb this post from 3 years ago.
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