Anyone scalping the FTSE Futures??

[Jessi_trader]

Time to go long DOW ??? That yellow line keep calling me

Managed to get long at 17830

 

[inzimam]

Managed to get long at 17830

great stuff!

 

[Jessi_trader]

Managed to get long at 17830

closed @ 17923

 

[inzimam]

great stuff!

id get out now

 

[Jessi_trader]

Also got long on DAX

 

[inzimam]

we didnt break high of the day with the nfp surge, so probably not going up further

 

[Jessi_trader]

Long DOW again 17896

 

[tp0440]

+20, +11, +3 and now 0.

Trend shows it's time to call it a day while ahead. I just don't want to repeat Tuesday which ended in tears after a good profit. Still up on the week, but one trade (test of bigger than usual position) shot me down good.

Have a nice weekend guys.



BR

 

[Jessi_trader]

Long DOW again 17896

added some more 17855

 

[SuddenDeath]

wonder if reaction to nfp gave early pay off to bulls, took the money and run?

 

[tp0440]

added some more 17855

Short DAX from 9821. Small position only.

 

[inzimam]

added some more 17855

we might as well transfer the money to each other's bank accounts, save the spread!

 

[tp0440]

Short DAX from 9821. Small position only.

+40 and out.

Well, in the end, it was not so bad. At least pip wise (small position as I said). Now I'm really done.

Edit: As usual... I close it it falls 20 more in an instant. Oh well...


BR

 

[inzimam]

beautiful, short signals paid off again...i closed too early again though! 95 points up for the day

 

[tp0440]

beautiful, short signals paid off again...i closed too early again though! 95 points up for the day

You beat me. "only"+74.

But I'll take such a day anytime.

Wow, this is going fast. Another short for +11. Now it's livecall time for me and that's it. Good luck guys.


BR

 

[inzimam]

You beat me. "only"+74.

But I'll take such a day anytime.



BR

Yes good stuff! I think more downside to come, but I might leave it at that

 

[tp0440]

Yes good stuff! I think more downside to come, but I might leave it at that

Yes, I'm at +85 now. I also think more down should come, but.. it's enough. Good day and after painful Tuesday (took a big hit) a good week.

For god's sake. Of course it broke down again.
If you need a receipt for trading - just stick in the trade if I go out.


BR

 

[inzimam]

I couldnt help i, i got in and out just for a quick scalp

This run down has formed a huge red candle on the 1 hour chart. so significantly more downside to come

 

[nitrader]

Hi Guys

I am interested in understanding how to define or measure my trading consistency.

For instance:

If I trade 6 times per day I would have a week with 30 trades
and be in profit BUT if I removed a single large winner then I may only be breakeven or negative.:whistling

So to me that was more Luck than trading skill.

I would think being consistent would be mean being "steady" day by day, week by week but I am not sure the best way to measure this?

How do you guys monitor your trading?

 

[inzimam]

I'm slack at monitoring now, I used to monitor every single trade including the % of pot risked on each and the % gain. Its too hard to keep track of that in the style I trade. I take pot shots at the market with a smaller stop these days (obviously when my signals are present.

I do pull the data via excel on IG (PL data) which i paste into a spreadsheet. This shows me a summary at the top by market traded, average £pp used, number of trades made, number of winners, losers, avg win, avg loss, win %

Currently my strategy is at 63% win rate. I had a lousy few weeks last year which in itself was like 90% failure so it dragged my average.

I would pivot this and show on a daily basis the % success, and number of trades and the conditional formatting highlights days im over/below certain thresholds. Eg. big red colour if I'm in a success rate of less than 50%, and if ive made more than 15 trades in a day. Ideally i'd be able to monitor this on a real time basis but that would mean copying and pasting the PL date too much