How to scalp this...

Hi,

Yesterday I traded on FCE (Cac40 futures) and I did about 30 scalps for a 200€ profit.
Well it was not easy to read the chart but it was not too hard.

At the NY opening I change product to trade Nasdaq100... That was a HUGE mistake I lost 500$ in 30 minutes in a trend less market. I was consistently on the bad side. Here is the chart :


Uploaded with ImageShack.us

As you can see it was really noisy...

The conclusion for me is to stay away of this kind of moves at the first loss.

What is your experience with this kind of configuration ?

Markets range most of the time. If you can't learn to trade them or stand aside they will kill your account.

MajorDutch said:

Markets range most of the time. If you can't learn to trade them or stand aside they will kill your account.

Click to expand...

That's what I saw...
The problem was the "violence" of the range. I tried to bracket some trades but it was very hard to win something.
Results :
Loss-> $500
Profit-> $30

anyway I think I will follow less volatile future like FCE and before US markets because as you can see on the below chart the curves are smoother even in ranges.

But I need to train scalping in crazy ranges like yesterday. But it will be with a paper account .



Uploaded with ImageShack.us