Trembling Hand
Can be found on the bid
- Joined
- 10 June 2007
- Posts
- 8,852
- Reactions
- 205
I bet you do have fun though.
Trade what way? I'm saying the DOM is essential for good entry/exit no matter how you trade. You keep on saying scalping!! I only scalped for a few years when the market suited it. I doubt I will ever have to go back to such size and have a market that will enable that.
As someone who reckons, in fact promotes themselves, as a good business man you're letting your ego get in the way of a good biz idea.
I traded friends CFD accounts over a year when I stumbled across a HUGE inefficientcy in the markets and got locked out of trading CFD providers as they would not let me trade under my name. I've been in biz long enough, not just trading, to know when you have a good thing push the hell out of it because it will not last. It didn't.
Got it?
Yet?
Actually Tech I've said it many times over the years. About what I was doing with CFD accounts.
And on the scalping if you look at all the current scalping threads I have been the biggest critic of why trade this way.
QUESTION those trading DOM as an entry and or exit.
It appears to me that this is ALL your using. Is that correct.
If not what else are you using to determine point of entry and or exit?
So in your guys view
Of every 100 traders who attempt to become good at this method of trading.
# How many actually do?
# How many stay profitable over say 5 yrs
How many of those who make it.
# Cant hack it after say 12 mths
# Blow up in say 12 months or less.
Seems to have been glazed over particularly the stuff in BLUE.
Nope. I try and figure out what type of market will unfold over the next 15 min out to the whole day (see this post for how) then use some basic chart patterns that I have observed (not TA stuff in books etc) in my market - HSI. THEN I use the DOM to gain the most favourable entry at points I have predetermined. Same with exits. I will use the DOM to squeeze ticks out of each trade, on a hand full of contracts and 20 - 40 trades a day thats......... $$
Sometimes I will use the DOM to colour my bias again see my link.
What type of trading do you mean?
Scalping specifically.
Nope. I try and figure out what type of market will unfold over the next 15 min out to the whole day (see this post for how) then use some basic chart patterns that I have observed (not TA stuff in books etc) in my market - HSI. THEN I use the DOM to gain the most favourable entry at points I have predetermined. Same with exits. I will use the DOM to squeeze ticks out of each trade, on a hand full of contracts and 20 - 40 trades a day thats......... $$
Sometimes I will use the DOM to colour my bias again see my link.
TH, this post, along with some of your others over the past few days (not the kid on the cheesegrater slide) have been printed, framed, and gone straight to the Pool Room.
Many thanks.
TH, this post, along with some of your others over the past few days (not the kid on the cheesegrater slide) have been printed, framed, and gone straight to the Pool Room.
Many thanks.
TH, this post, along with some of your others over the past few days (not the kid on the cheesegrater slide) have been printed, framed, and gone straight to the Pool Room.
Many thanks.
Cool that will cost you a beer and payment must be made in 3 days or less.
But how can you spend years rubbishing it without having a friggin clue that it exists? I mean seriously? Are you so all knowing in this game that you are able to discount what EVERY trader of size uses to execute their trades without even knowing what it is, how it works and why real traders use it? I gotta say Tech I am really dumbfounded!! Your words were 5 years ago and this is a quotes,
Posted by tech/a
Its got nothing to do with size or trade frequency. When you're against the wall you always take this stance. Like in your mind it makes everything you're being told rubbish because I trade a few more time a day than you!!
If you trade a fast market (all futs) and don't use a one click DOM as an order entry you're clueless to what your missing. Ticks lost here and there effect expectancy.
Thats the starting point for futs and the DOM. Whether you want to use it for signals and scalping or not I don't give a toss. But for order entry nothing is as efficient....... by a looooonnnngggg shot.
TH, when you used IB and NT, did you get allot of white prints on the tape?
TH, when you used IB and NT, did you get allot of white prints on the tape?
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