Australian (ASX) Stock Market Forum

Scalping the HSI & the K200 (SIM)

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Alright, Day 9.

The first thing to note is that Melbourne is really cold and I hate it.

Been back on sim to try get the patterns and plays fresh in my head after a 4 day weekend :D

A couple things I just want to remind myself of is never to take a contract off within 1r profit as it just farks up expectancy real good. The logic is not even close to working, if in my case I'm risking 15 (sometimes more sometimes less, this isn't actually a set figure) then why would I take one off at 10, that's setting myself up for failure and the only reason I do it is cause I get impatient and want to cookie monster the open profit.

Next is patience. I'm about to play ball on day 9 of what is once again a new market. I cannot expect to triple my account with a 100% win rate and a win loss ratio of one thousand lol. Just work on the basics and self preservation until the 'something' TH spoke off starts to become evident and repeats in my trading behaviour not just the markets.

Exciting times, gotta love this life (ask me again after todays close and it may be different haha).
 
boofis said:
:dunno:forgot to click the mouse this morning lol. Grand total of no trades taken.
Click to expand...

I broke mine. And the keyboard and nearly my screens as well!! Had the pleasure of riding a full size short from before cash open all the way down to the lows from pretty much the highs to then have my internet drop out as it reverses just 10 ticks off my target. :cussing:

To then have it connect 2 min later to see its 60 ticks higher and running while I ring up the Risk dude to try and close it to then tell him to stick it I'll do it myself to then think F it - I'm good I'll ride this bunny back down :bunny: To then watch it go all the way back up another 60 ticks to my avg entry. While I fight this overwhelming feeling :vomit:

Finally she rolls over and I closed it 20 ticks off the low.

Errr :silly: now I feel like I have a stroke coming on and my neighbours think there is someone with turrets in my house.


:axt:
 
Trembling Hand said:
I broke mine. And the keyboard and nearly my screens as well!! Had the pleasure of riding a full size short from before cash open all the way down to the lows from pretty much the highs to then have my internet drop out as it reverses just 10 ticks off my target. :cussing:

To then have it connect 2 min later to see its 60 ticks higher and running while I ring up the Risk dude to try and close it to then tell him to stick it I'll do it myself to then think F it - I'm good I'll ride this bunny back down :bunny: To then watch it go all the way back up another 60 ticks to my avg entry. While I fight this overwhelming feeling :vomit:

Finally she rolls over and I closed it 20 ticks off the low.

Errr :silly: now I feel like I have a stroke coming on and my neighbours think there is someone with turrets in my house.


:axt:
Click to expand...

Haha, I'll give you an old rolling ball mouse I've got, they're fairly heavy duty.

Mate do I find those anecdotes not only enjoyable but encouraging (sorry that it's at your expense!). How's the blood pressure doing?
 
What just happened in the order book? **** got real thick and it looked like spreading does in the bonds. I've not seen 50 on the mini depth before :S

running.png

lol, the charts look a bit funny with two trades. Closed my short at 22004 which I was happy about...until it dropped another 30 ticks through d'oh!
 
Trembling Hand said:
I broke mine. And the keyboard and nearly my screens as well!! Had the pleasure of riding a full size short from before cash open all the way down to the lows from pretty much the highs to then have my internet drop out as it reverses just 10 ticks off my target. :cussing:

To then have it connect 2 min later to see its 60 ticks higher and running while I ring up the Risk dude to try and close it to then tell him to stick it I'll do it myself to then think F it - I'm good I'll ride this bunny back down :bunny: To then watch it go all the way back up another 60 ticks to my avg entry. While I fight this overwhelming feeling :vomit:

Finally she rolls over and I closed it 20 ticks off the low.

Errr :silly: now I feel like I have a stroke coming on and my neighbours think there is someone with turrets in my house.


:axt:
Click to expand...

lol....I've felt like before with 1 contract....imagine with your full size on the line...:cool:

Nerves of steel?
 
:mad::mad::mad::mad:

If anyone wants ideas on how to ruin a perfectly good morning, open a trade on the seng and close it on the mini seng and then look at your summary.:mad::mad:

running.png

MHI was a loss and seng was awful.
 
After todays session I've got the motivational ****s to get into the week so nothing like a couple sessions of sped up sim.
Was trading 1 ctr lots but adding to positions (Up to 3) if they moved fairly immediately in my favour more than 10 ticks.

Errors today:
Mechanical error in placing orders on the wrong dom which cost me big time.
In hindsight I did not trade today as if it was a range bound day, need to stay fluid in analysis.
Traded too many contracts.

Positives:
After being a dick, I watched the full session and tried to learn.
I haven't blown up haha.

Anyway, back to sim.
simulation.png

Most notable difference between sim and real seems to be the speed at which things take place still, being fairly favorable on sped up sim cause there's more instant gratification rather than umm'ing and ahh'ing.
And also, if I do a **** trade on sim it's just like damn, **** trade anyway next trade. But in real life, I try to convince myself it's a good trade LOL STUPID.

Shall be trading into the wee hours of the morning to keep the account topped up while I try and master this wild seng!
 
Another morning spent pattern searching and simming. Think I'm onto one that keeps popping up and I'm trading it alright aswell, so that's in the playbook to keep an eye on when trading live.
*I would post pictures butttt.... lol
 
These flip and reverse type days I find difficult. It's false breaks galore but I'm yet to be able to spot consistent characteristics of falses. :bad: :newbie: more work to be done.

Edit: what am i saying, all of this **** is difficult but great haha
 
Morning results.
morningsesh.png
Have put alot of pictures in the charts folder after this session. Berry interesting.
 
The NK sure was fun this morning, so i can imagine honkers....

Where ya think honkers will finish for the day? Low i hope!
 
CanOz said:
The NK sure was fun this morning, so i can imagine honkers....

Where ya think honkers will finish for the day? Low i hope!
Click to expand...

It's been pretty tame range wise, back and forth.

I've no idea where it will end LOL

Think the markets trying to tell me something... "You are a...!"
you are a.png
 
Buy 695...stopped out 684... d'oh.
Oh to have the discernment of a true cowboy.
you are a.png

End of session, I'm jumping on sim to have a play for a bit.
 
Is there a tool one can get or a setting to enable so that I can see a countdown to when the bar on the chart will be closed?
 

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