Australian (ASX) Stock Market Forum

Scalping the HSI & the K200 (SIM)

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Trembling Hand said:
Pretty gnarly day! I've been smacked like the towel bitch at an S M nite.

:whip

Still green but bugger me - what should of been hey?? :rolleyes:
Click to expand...

Seriously. Missed the open, but made it in time for that first green range bar and thought that'd be about the end of it lol, oh how wrong one can be!

Didn't quite secure the db9 this morning? ;)
 
So the progress has been positive this past week.
Still doing alot of sim, but mostly focusing on finding the profitable plays I'm searching most for and then repalying over and over, trying to internalise, practise practise.
So the book of ideas is coming along, both in the sense of some ideas being culled but others added to the more I spot them.
 
Relatively speaking, a fairly uneventful day on the seng thus far.
One thing I've noticed over the past couple days more specifically, sheesh the mini order book is getting thin at times with only a couple bids offers available during possible break situations.
 
Very encouraged by this mornings session.
realtrades.pngtrade muck arounds.png

Couple sim trades on ninja and the one trade on the mini this morning. Should still be long but had limit orders in so I stuck with them.
Play by play, cutting plays and adding to others. Learning to recognise and then just working on execution.
 
boofis said:
Very encouraged by this mornings session.
View attachment 52866View attachment 52867

Couple sim trades on ninja and the one trade on the mini this morning. Should still be long but had limit orders in so I stuck with them.
Play by play, cutting plays and adding to others. Learning to recognise and then just working on execution.
Click to expand...

Was ragingly mad at myself for missing a prime setup which I've been practicing alot in sim but just didn't see it today in real time. Must burn that thing into my brain.
 
boofis said:
Was ragingly mad at myself for missing a prime setup which I've been practicing alot in sim but just didn't see it today in real time. Must burn that thing into my brain.
Click to expand...

Didn't miss it this time, captured 26 ticks with a 4 tick 'drawdown' then in the green for the rest of the trade.
Can potentially re-enter on what appears to generally reoccur but will just aim for consistency on this before adding variables to it.
 
Inspired by rereading Steenbargers work, I've started to keep stats on plays that I try and execute, on what days, and the outcome of the trade.
In the hope that it will tell me, which ones I'm seeing/using most, and which ones I'm either executing worst/need to get rid of. Just another objective way to look at ones own habits.
playbook.png
Stats are only young but hopefully they'll grow to yield a beautiful crop :D
 
boofis said:
Inspired by rereading Steenbargers work, I've started to keep stats on plays that I try and execute, on what days, and the outcome of the trade.
In the hope that it will tell me, which ones I'm seeing/using most, and which ones I'm either executing worst/need to get rid of. Just another objective way to look at ones own habits.
View attachment 52871
Stats are only young but hopefully they'll grow to yield a beautiful crop :D
Click to expand...

Great idea...lets see what all the "experts" say...lol

CanOz
 
statsTHISWEEK.pngtradedistribution.png

From a fair few hours of simulation x10 speed. Redoing the week, trying to solidify good habits and highlight ones I need to erradicate.
The red through the centre shows a clear weakness when I was trying to fade a move that just kept going and then tried to get on board but after so long of trying to fade it I made poor entries; took far too long to shift my bias, should've spotted the HH HL much sooner and got on board with a smarter entry.
Stats are starting to show I'm better long than short lol.

The playbook is coming along well with 21 repeating ideas. At this stage just trying to continually spot them in replays and live, but only trading them live one by one, with the plan to slowly add to them as I get better at one then add the next, then the next etc.
 
So an update on my progress on the whole.
Have had alot more breakeven days lately and even an ok winning day so am just trying to plod steadily through the mud to hopefully find my way through to the green pastures.
Todays not looking like the pattern will continue however though :eek:
update1.pngupdate2.png

So am trading the whole time, mostly on sim and then when the probable ones come along I muster my courage and fumble an order into the book and observe how things turn out haha. Hopefully these are positive signs, fingers crossed the pnl chart has bottomed and won't have a false break or double bottom to follow haha. But seriously.
 
Have not read todays action well at all. Most of me can't believe what I'm seeing :eek: this is quite hefty two way range of which I have not been able to capture a single tick, gah!
 
boofis said:
Have not read todays action well at all. Most of me can't believe what I'm seeing :eek: this is quite hefty two way range of which I have not been able to capture a single tick, gah!
Click to expand...

Time for a night of replay. Must succeeed!
 
I could be wrong but the trading here seems to be that
Of an opinion of where the price " Should " be going
V where it is actually going.

IE trading against the trend.

It's gotta pull up soon
It's gonna turn and continue down again any minute!

With trends like this why aren't there prolonged trades in the direction of the trend?
 
tech/a said:
I could be wrong but the trading here seems to be that
Of an opinion of where the price " Should " be going
V where it is actually going.

IE trading against the trend.

It's gotta pull up soon
It's gonna turn and continue down again any minute!

With trends like this why aren't there prolonged trades in the direction of the trend?
Click to expand...

Jumping on board with continuing trends has been one of the aspects I'm working on as in sim a profitable type setup has been recurring which is now a fairly common pattern I'm trying to spot live, but today was a nightmare of its own variety that I've never seen in my short trading life lol.

Pull up a chart of whatever timeframe you'd prefer Tech and have a quick skim, see what your thoughts are/would be in real time.

As TH has said it was some huge range and my expectations in terms of average range when to fade, when to jump on board was just destroyed today (All except my first trade when I sold the top well)
 
Trembling Hand said:
LOL and which way is that? the HSI went down 500 points back up 550 and down again all in a few hours! :eek:
Click to expand...

Yeh i know it does that
I dont have HSI charts otherwise Id have a look.
Ill order R/T tomorrow.

Then ill be able to qualify my statement.

I am trading the FTSE

Stay long or cover?

Started late tonight.

FTSE 38.gif

Not being a smart **** just trying to help.

FTSE 39.gif

Basically i look for low risk setups and move to B/E as soon as I can.
I get stopped at B/E quite a bit
BUT my Reward to risk is high.
 

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