Scalping the HSI & the K200 (SIM)

[boofis]

Re: Scalping the HSI & the K200 (SIM)

this must add some psychological pressure....

Yeah, probably. But it's impossible to remove psychological pressure Regardless of whether you're a trillionaire or bum, people want to see results, you want to see results yourself, you've always got bills to pay to live the lifestyle you want etc. etc. I'm fairly convinced that there is never a good time for a person to try and become a trader, there's only less bad circumstances lol.

 

[CanOz]

Re: Scalping the HSI & the K200 (SIM)

Yeah, probably. But it's impossible to remove psychological pressure Regardless of whether you're a trillionaire or bum, people want to see results, you want to see results yourself, you've always got bills to pay to live the lifestyle you want etc. etc. I'm fairly convinced that there is never a good time for a person to try and become a trader, there's only less bad circumstances lol.

Well, some people thrive on that pressure too i guess...

Just try and survive, keep your risk under control, it'll come...You're young and you have the time to put into it.

CanOz

 

[boofis]

Re: Scalping the HSI & the K200 (SIM)

Well, some people thrive on that pressure too i guess...

Just try and survive, keep your risk under control, it'll come...You're young and you have the time to put into it.

CanOz

Thanks mate, one day

 

[kid hustlr]

Great write up. The set up with the explanations was really good.

Don't be hard on yourself mate seriously if this game was easy everyone would be doing it. Stop worrying about what other people think.

Mind you apparently everyone makes 1000% a year return if you read that thread about EOFY returns so maybe you are just awful hehe.

 

[boofis]

Great write up. The set up with the explanations was really good.

Don't be hard on yourself mate seriously if this game was easy everyone would be doing it. Stop worrying about what other people think.

Mind you apparently everyone makes 1000% a year return if you read that thread about EOFY returns so maybe you are just awful hehe.

Cheers, I know there's a couple really good setups that I've nailed in sim just have to replicate it time and time again and not lose those good gains through stupid trading days like today where I traded silly ideas.

Good to have someone else on the journey who hasn't yet 'made it' but will one day.

Haha, seriously.

 

[skyQuake]

Something I like to do on the HSI is to hold on to longs (or shorts vice versa) till it makes a lower low (high high) on the 5min.
This works very well when volatility picks up, as sometimes the trends can last quite a while.

In today's case it lasted about 10bars.

 

[boofis]

Something I like to do on the HSI is to hold on to longs (or shorts vice versa) till it makes a lower low (high high) on the 5min.
This works very well when volatility picks up, as sometimes the trends can last quite a while.

In today's case it lasted about 10bars.
View attachment 53174

Thanks for joining in skyQuake, would you mind giving a bit more explanation on your thinking on a day like today?

 

[CanOz]

Something I like to do on the HSI is to hold on to longs (or shorts vice versa) till it makes a lower low (high high) on the 5min.
This works very well when volatility picks up, as sometimes the trends can last quite a while.

In today's case it lasted about 10bars.

Hmm, sounds like SuperTrend...

 

[boofis]

A trade for this morning.
Tried to explain my reasoning to see whether it's coherent.


Have also started to put together an excel file on historical data about how the open might give clues as to what day type it's going to be (as I'm still **** at twigging on to what kind of day it is). This is jus in addition to the notes I take in a journal on day type, hopefully a bit more of a combo of qualitative and quant showing the range etc. will see whether it yields any results in my trading.
E.g.

 

[kid hustlr]

wheres the entry?

I like your thoughts and summaries.

 

[boofis]

wheres the entry?

I like your thoughts and summaries.

Entry is the green arrow from watching the dom. Cause the price has visibly slowed up, looking to get on board as long as, or until, it breaks that bottom blue line in which case confirmation is that I'm wrong about the next moves direction.

If you look where the blue dot is that green bar push upwards wasn't more than 30~40 ticks yet the price came back the whole way no troubles and start to see some big wicks which doesn't confirm the bias that the long direction is still in control.

That's how I'm thinking at least when looking at this stuff, so will hopefully keep refining.

From now on I'm starting to watch out for either a push back down or another upthrust as 1pm onwards generally sees some action. If this 755 holds as a retest of what was resistance then I'll look for continuation pattern long, if not I want a break of 720 to confirm short bias.

:dunno: lol

 

[boofis]

And then thoughts on my attempted trades for the arvo.
Was leaning towards steam running out on the upmove so I was looking to sell first but would be ready to scrap my bias if the ABCD came into play with enough volume buying.

 

[ThingyMajiggy]

Seems like a lot of work you're doing there just to show us, I wouldn't do so much if it's taking away from your trading posting novels in here

Any weird stuff going on in HSI atm? A real 120 lot just got taken out on CL with 150 sitting at the bid 2 levels lower, seems odd for this time of day.

 

[boofis]

Seems like a lot of work you're doing there just to show us, I wouldn't do so much if it's taking away from your trading posting novels in here

Any weird stuff going on in HSI atm? A real 120 lot just got taken out on CL with 150 sitting at the bid 2 levels lower, seems odd for this time of day.

It's always going in the playbook anyway, and posting seems to help me keep the mouse out of mischief when I shouldn't be forcing trades so, six of one half a dozen of the other lol.

Nothing extraordinary by my amateur eye.

 

[ThingyMajiggy]

It's always going in the playbook anyway, and posting seems to help me keep the mouse out of mischief when I shouldn't be forcing trades so, six of one half a dozen of the other lol.

Nothing extraordinary by my amateur eye.

Fair enough, just didn't want you to waste time putting it in here if it's taking away from your learning, forums can be quite distracting sometimes, but if you're writing it all out anyway then go for it, good stuff

Hmm your eye would be better than mine, haven't watched the markets for ages, been sorting out some internet!

 

[boofis]

Fair enough, just didn't want you to waste time putting it in here if it's taking away from your learning, forums can be quite distracting sometimes, but if you're writing it all out anyway then go for it, good stuff

Hmm your eye would be better than mine, haven't watched the markets for ages, been sorting out some internet!

Got pretty damn thin at the end of the morning session and opened with a fair thrust up but nothing weird but seng standards I guess.

Hope you can get the net sorted

 

[ThingyMajiggy]

Got pretty damn thin at the end of the morning session and opened with a fair thrust up but nothing weird but seng standards I guess.

Hope you can get the net sorted

Yeah got some sorted gonna try and make crude my bitch now.........over the next 10,000 years of chasing my tail and not quite getting there hoping one day it will click lol

 

[boofis]

Yeah got some sorted gonna try and make crude my bitch now.........over the next 10,000 years of chasing my tail and not quite getting there hoping one day it will click lol

Haha, I wish you all the best, at least you've got the other gig to keep you afloat while you learn to master oil

 

[ThingyMajiggy]

Haha, I wish you all the best, at least you've got the other gig to keep you afloat while you learn to master oil

Yeah that's the main reason I'll stick to crude, it's nice to read and I won't get home in time for the Seng.

 

[ThingyMajiggy]

How do you get it to record trade stats in on market replay? Doesn't seem to be doing it!