Nothing to something scalping system

[Trembling Hand]

I'm a big fan of doing rather than thinking!!

I mean the world is full of thinkers and look at the mess we are in.

 

[James Austin]

If they all go down well then I will grab my new bike and tent and go and live in Byron. Which is where I started about 8 years ago busted ar$e broke and living in a $20 tent in the bush Such is life

that sounds fantastic
as i sit here watching charts move around

 

[tech/a]

T/H Whats your turn around cost?

 

[Trembling Hand]

T/H Whats your turn around cost?

CFDs indexes have no brokerage just a spread that robs you.

So the costs are in the results.

 

[tech/a]

CFDs indexes have no brokerage just a spread that robs you.

So the costs are in the results.

Your trading CFD indexes.

So based on the results posted above you trade once every few minutes using depth as your indicator for a daily average return of $250 to $400 is that right?

 

[Trembling Hand]

Your trading CFD indexes.

So based on the results posted above you trade once every few minutes using depth as your indicator for a daily average return of $250 to $400 is that right?

here we go

I thought you would wait for some more result but I over estimated you!!

No tech. these results are for 20 odd mins of trading on the open and same on the close starting with a friends measly capital of $800. Which will be grown into $10,000 or more within a couple of weeks.

In the mean time I will be going about my biz as usual, turning over many times the amount of this and taking many times this P in the real market :

 

[tech/a]

Thats around 1 trade every 30 seconds.
Amazing.

 

[Bin57again]

TH
You're trading way too frequently IMO. Surely you're system would work equally well on 10 trades a day and zap your energy less?

Bin

 

[jersey10]

here we go

I thought you would wait for some more result but I over estimated you!!

No tech. these results are for 20 odd mins of trading on the open and same on the close starting with a friends measly capital of $800. Which will be grown into $10,000 or more within a couple of weeks.

In the mean time I will be going about my biz as usual, turning over many times the amount of this and taking many times this P in the real market :

I've got $800. Can i be your friend too?

 

[Trembling Hand]

Thats around 1 trade every 30 seconds.
Amazing.

That's why I thought I would post the results. It may be of interest to some people. Even if its only to prove I'm an idiot.

 

[barney]

That's why I thought I would post the results. It may be of interest to some people. Even if its only to prove I'm an idiot.

Haha ............ Smartest idiot I know

 

[Trembling Hand]

TH
You're trading way too frequently IMO. Surely you're system would work equally well on 10 trades a day and zap your energy less?

Bin

How can you trade too often if you have a positive expectancy system????

Could you explain that?

I mean if I have an expectancy of say 4 points per 10 trades(after cost). What will be the diff between 10 trades and 100 trades?? 36 points!!

 

[Bin57again]

Because ultimately you're human and therefore prone to (1) error and (2) gambling. (2) is the bigger problem. Many traders overtrade, become overly confident, bet the farm...and lose.
Most successful traders (even scalpers like Senters) keep their trades low.

 

[disarray]

How on the planet of the apes do you manage to execute so many trades in such a short timeframe?

he's trading off market depth so he's got a much wider information stream than we receive as chartists. through the chart we get price action as the end result of the buy / sell process, dom puts you a step closer to the inner working of the system. he's almost appears to be scalping people's intentions.

with dom aren't just watching the price as a result of buys and sells, you are watching the entire supply / demand range in action which lets you anticipate price action much more clearly because you are watching it unfold instead of watching it resolve.

and once again the real secret is screen time. this gets all metaphysical but imo you get a vibe for an instrument because as a chaotic system it keeps throwing up regular patterns, which we as humans can be programmed to pick up on. now many of us look for patterns in the charts, he looks for patterns in dom. he is trading in the guts of the machine while we are standing outside receiving the output (often from the rear end it seems).

all this is my assumption of course and i am happy to be schooled in this matter

 

[Trembling Hand]

Because ultimately you're human and therefore prone to (1) error and (2) gambling. (2) is the bigger problem. Many traders overtrade, become overly confident, bet the farm...and lose.
Most successful traders (even scalpers like Senters) keep their trades low.

Thats all just cliche rubbish. My frequency doesn't alter my expectancy.

 

[Bin57again]

Well that's ok then...

 

[refined silver]

refined silver I have it spread out enough that if a couple fall over I won't be lining up at the soup kitchen. I actually throw off a bit off cash each month and don't need a lot in my trading account to do what I do. So it gets moved out monthly. Especially since I have stopped trading things overnight. Whether where it goes is any safer

If they all go down well then I will grab my new bike and tent and go and live in Byron. Which is where I started about 8 years ago busted ar$e broke and living in a $20 tent in the bush Such is life

Fair enough!!

I remember busting a gut sprinting for $20 primes in 180km road races or 50km crits as a main source of income at one stage in life, you probably did too, but maybe thats how you got to Byron the first time!

 

[Bin57again]

Trembling
I missed that post. You've revealed your hand...jog on...

 

[Trembling Hand]

I remember busting a gut sprinting for $20 primes in 180km road races or 50km crits as a main source of income at one stage in life, you probably did too, but maybe thats how you got to Byron the first time!

Ha ha!! They were the days. I remember having to take sprints in road races or I didn't have petrol money to get home!! And for some silly reason I miss them

 

[tech/a]

Having watched as much depth as anyone it soon becomes obvious that those who want to sell and those who wish to buy do so at market.
Many have looked and claim an edge trading depth.
Frankly I just cant see it and T/H your very slight expectancy seems to vindicate my observations.

Youve been doing this a while and seem to have a handle on it good luck to you.