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Is scalping Emini a sustainable trading strategy?


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Is scalping Emini a sustainable trading strategy?

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  #1 (permalink)
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Like the title says, I've been testing it out on a 512 tick chart, only staying in a position for 10-30 seconds. I use exit brackets, so the trade auto exits at 2 - 3 ticks. Is this sustainable compared to longer day trading? Haven't been using any indicators just volume and price. Any indicators work best for scalping?

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  #2 (permalink)
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Silly question honestly. Is your strategy sustainable? Only you can know.

Are there any indicators that work better than others? No because it all depends on how YOU are using the indicator.

Do people have much better luck swing trading rather than day trading? Yes. Do almost all new traders want to scalp? Yes.

What will bring you more value: asking strangers online for validation or gaining your own validation by building up a track record?

You just need to test your strategy yourself. Have you done that? Your question makes me think you havenít, or at least not enough.

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  #3 (permalink)
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Commissions makes it hard that way to scalp in my opinion but it depends on your broker fees. Do less trades try to scalp in a longer term position that would be my advice. Hold the winners. But if it works for you with 3 Ticks then do it. Test it if it works for you go for it.


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  #4 (permalink)
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I will tell you my opinion, based on my personal experience: this strategy in unsustainable.
Of course, this is only my opinion but I will tell you something that I have learnt over the years:
  • the smaller the timeframe, the more difficult trading becomes
  • on small timeframes you are competing against robots and algos, trading is more mechanical and algos excell in that environment
  • transaction costs are crazy high
  • most scalpers lose money, look at trading journals in this website ...you will see that as people get better they ask more money to their winners
  • by scalping you are making money for the broker so you will find a lot of people telling that scalping is the way to go (and they will have a huge interest in telling you that)
  • philosophically the more risk you take, the more money you make: being in the market for longer time is a risk, and if you manage it correctly it will pay you
  • look at big big traders, they are normally swing traders or day traders with longer time frames
  • in longer time frames there is a strategy, there is something meaningful you trade.... so in case you are stopped out you get paid with market understanding, so you lose money but you got paid with something else.

Of course this is my opinion, scalpers will tell you the opposite so it's definitely worth trying every different style.

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  #5 (permalink)
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You can make money scalping the emini. The vast majority of people don't, but it can be done.

But not for 3 ticks. The noise in ES is more like 8-12 ticks so it's pretty difficult to get the consistent winrate you need to get that to work. The only way I see this working is if it is some sort of momentum trade where your risk/reward is equal and you're getting an incredibly high winrate.

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  #6 (permalink)
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Try developing a system using 5 mins bars. Done right, you can get 4-12+ ticks per trade, perhaps as many as 10 trades a day. One key tip: learn what an uptrend and downtrend is and how to identify it. Why? The signals are different for those phases of the market.

Developing a system is tedious work. But it is what separates the winners from the losers. Cliche, I know but outside of employing a system, you're gambling and the house will always win.

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  #7 (permalink)
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@Big Mike is the forum owner and top admin and from reading his trading journal, he has the experience of reading hundreds or thousands of trader's journals since starting this forum and from his experience he says it is not sustainable and you will not find anyone that can prove they scalp and make big bucks long term.

From my experience, it is an evil temptation of greed and learning to be patient with trades is actually more profitable.

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There is no way I could trade like that LOL.

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  #9 (permalink)
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Very interested in your findings please keep us informed.

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  #10 (permalink)
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Can you make money.........Well at 2 to 3 ticks on the ES....25 - 37.50/contract and the commission on the round turn being 4.50/contract
....sure ..do that 10-20 times a day....which is relatively easy or not...you can make money....its a lot of work....but the trades are quick....I find it easier on the NQ....lot more movement than the ES...but a lot more reversals/turns(volatility) ...you have to have something that tells you direction/trend....and strength of move, are you in a chop(no trade zone) or is it an actual move to the upside or downside.... and i use a simple bollinger band(34, .06) and EMA(either 9 or 14) for that.... and then I modify the price bars to a Kagi line....which has a thin and a thick line.....I make them both thick....what you will notice is your best scalp time is when the EMA moves outside of the Bollinger bands and your Kagi line is either green for the upside or red for the downside.... when the EMA is inside the Bollinger.....no trade zone.....but you will learn how to handle that....you now have part of the Holy Grail......There is more....but try this first to see if it doesnt help you out with your scalp timing......

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  #11 (permalink)
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awesomizer View Post
@Big Mike is the forum owner and top admin and from reading his trading journal, he has the experience of reading hundreds or thousands of trader's journals since starting this forum and from his experience he says it is not sustainable and you will not find anyone that can prove they scalp and make big bucks long term.

From my experience, it is an evil temptation of greed and learning to be patient with trades is actually more profitable.

I agree, but only somewhat. This forum does not represent 100 percent of all the traders out there in the world and similarly, you cannot claim scalping does not work for all the people around the world.

There are people personally I know who scalp out points (1-2 at once) everyday (not ticks) successfully and go on dozens of lots. It is hard, but not impossible.

If there is an alien civilization thriving a few billion light years away from earth and you cannot see them because of ridiculously vast distances, that does not mean they don't exist.

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  #12 (permalink)
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mrbouffa View Post
Like the title says, I've been testing it out on a 512 tick chart, only staying in a position for 10-30 seconds. I use exit brackets, so the trade auto exits at 2 - 3 ticks. Is this sustainable compared to longer day trading? Haven't been using any indicators just volume and price. Any indicators work best for scalping?

One basic question is, "Have you been trading this in a cash account?" Not sim, not "testing." Live trading.

I'm not going to say I know the answer to your question, but if you haven't been trading it live, you won't know either. If you did trade it live, and if you were making money at it, I think you would know, and wouldn't be asking anyone. ( )

That does sort of show my opinion.

But to spell it out, it is very likely that going for "2 -3 ticks," you are going to get killed. These are just very, very small fluctuations, and it is very unlikely that you will consistently be that spot-on in your timing. Also, you can't take even as much a one or two ticks of slippage with that small a leeway, and there is always the problem of commissions. It is quite possible to scalp and make money exceeding commissions, but the smaller the profit, the harder it is to do that.

The main thing is that when actual money is being made or lost, everything changes. Your emotional equilibrium goes out the window, you become impulsive or panicky, you jump in and out too much, and your account suffers. Keeping your head and actually following a strategy gets very difficult with real-money trading. I do not suggest trying anything as difficult as you propose without having a ton of experience under your belt.... which is why I asked whether you were trading live or not, and why I assumed that you are not.

If I am right about whether you are live or sim, there are simple things you can do:

(1) Go live as soon as it is financially possible. Trade the micro contracts, so your risk is less (the MES has one-tenth the size and financial risk of the ES, and is a good way to learn.)

(2) Try your strategy. Do only one contract per trade, and have a daily and perhaps a weekly limit on how much you will lose that day (or week) before stopping for the day (and/or week). I predict you will find it more difficult than you think. But you also will not be needing to ask anyone else what is an unanswerable question for them, which is whether you can profit from your plan. In other words, try it and see. But if you are trading in sim now, get out of sim as soon as you can. Trade in the real world.

After doing these two steps, you will know the answer, and you will also be better prepared to either fix what needs correcting, or to try something with a different timeframe, or whatever you find you need to do.

--------------

If I've made the wrong assumptions about whether you're trading in sim or live, or if I've made the wrong assumptions about your experience level, I apologize. But I do not think that someone who is trading live in the markets with actual cash would be asking your question, so I have tried to give you a way to find out the answer for yourself.

If I am right, it may cost you some money to get that answer, but that's still how you would be best advised to do it.

Good luck.

Bob.

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  #13 (permalink)
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lightsun47 View Post
I agree, but only somewhat. This forum does not represent 100 percent of all the traders out there in the world and similarly, you cannot claim scalping does not work for all the people around the world.

There are people personally I know who scalp out points (1-2 at once) everyday (not ticks) successfully and go on dozens of lots. It is hard, but not impossible.

If there is an alien civilization thriving a few billion light years away from earth and you cannot see them because of ridiculously vast distances, that does not mean they don't exist.

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exactly!! I also don't like to put things like absolute truth: I cannot say "scalping doesn't work" or "that methodology doesn't work", because to a certain extent there is nothing that really does or doesn't work in trading.
Maybe the essence of trading itself is that there is no black or white, and no absolute truth.

One thing that I mentioned in another post (can't remember where) that I think should be considered is the sustainability of a certain strategy. The more we want to play "mechanically" the more we are entering the robots' playing field.
In the case of scalping, all the techniques used by scalpers (by the way I took John Grady's courses in the past), are extremely mechanical. Any decent programmer could code them.
So, sooner or later your edge will disappear.

There is one thing called "the Moravec's paradox": basically the easier it is to describe something in words the easier it to be done by robots.

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SBtrader82 View Post
The more we want to play "mechanically" the more we are entering the robots' playing field.
In the case of scalping, all the techniques used by scalpers (by the way I took John Grady's courses in the past), are extremely mechanical. Any decent programmer could code them.
So, sooner or later your edge will disappear.

There is one thing called "the Moravec's paradox": basically the easier it is to describe something in words the easier it to be done by robots.

Thanks for this. Not to wander off-topic too much, but I found this topic of Moravec's paradox extremely interesting, and I didn't know anything about it:

"As Moravec writes, 'it is comparatively easy to make computers exhibit adult level performance on intelligence tests or playing checkers, and difficult or impossible to give them the skills of a one-year-old when it comes to perception and mobility'."
( https://en.wikipedia.org/wiki/Moravec%27s_paradox )

There are implications of this for trading, as you say, so it's not actually off-topic. You could say that the more conceptual something is, the easier it is for a computer to duplicate it and do it better.

There is always a tendency for an edge to disappear, because if it works, someone else will figure it out too and will do it better than you. This paradox opens up another angle on this: the better your technique (or perhaps, the more mechanically precise it is), the more vulnerable it is to the machines beating it.

Bob.

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bobwest View Post
Thanks for this. Not to wander off-topic too much, but I found this topic of Moravec's paradox extremely interesting, and I didn't know anything about it:

"As Moravec writes, 'it is comparatively easy to make computers exhibit adult level performance on intelligence tests or playing checkers, and difficult or impossible to give them the skills of a one-year-old when it comes to perception and mobility'."
( https://en.wikipedia.org/wiki/Moravec%27s_paradox )

There are implications of this for trading, as you say, so it's not actually off-topic. You could say that the more conceptual something is, the easier it is for a computer to duplicate it and do it better.

There is always a tendency for an edge to disappear, because if it works, someone else will figure it out too and will do it better than you. This paradox opens up another angle on this: the better your technique (or perhaps, the more mechanically precise it is), the more vulnerable it is to the machines beating it.

Bob.


Exactly!!! and to be honest I use this concept a lot!
whenever a trade is "too evident" I am concerned about the viability of it, because everyone will see it and try to take it, which would mean that there should be no-one taking the opposite trade.
On the other hand machines can help us, because they will compute very fast what is the best way to go from a strategic point of view. So sometimes I like to think "what are the robots going to do in this situation?".

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...whenever a trade is "too evident" I am concerned about the viability of it, because everyone will see it and try to take it, which would mean that there should be no-one taking the opposite trade...

But only if what you're watching to determine "too evident" is the same thing everyone else is watching, which is why I don't watch what everyone else is watching!

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I'm no fan of fixed targets like 2 ticks, 1 point. Even if you wanna use targets make em based on price action. Previous high/low, S/R. It makes more sense.
If you're using 512 tick chart you can easily hold for few minutes or even hours.
Scalping is possible but not with 2 ticks target.

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SBtrader82 View Post
In the case of scalping, all the techniques used by scalpers (by the way I took John Grady's courses in the past), are extremely mechanical. Any decent programmer could code them.
So, sooner or later your edge will disappear.

There is one thing called "the Moravec's paradox": basically the easier it is to describe something in words the easier it to be done by robots.

When I went back and tested the John Grady strategies what I found was that there were periods where they worked pretty well, and there were periods that were quite dismal. Essentially you become prone to large drawdowns. It is impossible for the market to be completely efficient against all strategies all the time. So instead it cycles.

So the question then becomes when do you use the strategy? I have been unable to find any kind of market generated data that can reliably predict what kind of market we are in early enough to make it all work. However, I have found situations where you can know what strategy to use based on the news and fundamentals. It largely comes down to whether latent liquidity will break or hold. Things about the situation that I can deduce in the moment based on unique factors for that day, but are far too varied to program for. They also tend to be factors that most people overlook. This is what Grady calls "context". So there are still places where the humans can see things that the robots don't, but they are rare. So then the problem is that as a retail trader your knowledge and understanding is too incomplete to reliably catch the 20% of cases where this applies, or your execution just isn't fast enough.

Which really stresses just how tight the tolerances really are. Say you knew that the market was going to move up 8 ticks, and you had no risk or margin limitations. What's the optimal number of contracts to maximize your profit when you consider the potential price impact of your trades? When I analyze this I get out about 200 lots.

Meaning that if more than 200 lots try trading on the same signal as you, the signal's expectancy could become unprofitable because of execution impact unless you can consistently get in and out first. Maybe that's why you don't see many market orders at any one price larger than 200 in ES?

Coincidentally, this is the opposite way of how Grady approaches it in his book. He's willing to share the information because he thinks the more people trading the signal the better. My conclusion after learning more about market microstructure is that he is simply wrong on this point, and that some of the edge has indeed been arbitraged away unless it's a more volatile market or you're really good at the context. His course is still really good BTW, and I highly recommend it.

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TWD, I followed everything what you said - except when you said if everyone's jumping on same price level, it is bound to fail.

Why is that can you please tell us? Thanks.

P.S. The OP is nowhere to be seen and the replies are getting bigger and bigger here.....

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lightsun47 View Post
TWD, I followed everything what you said - except when you said if everyone's jumping on same price level, it is bound to fail.

Why is that can you please tell us? Thanks.

P.S. The OP is nowhere to be seen and the replies are getting bigger and bigger here.....

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When you place an order, it has an impact on the market. Your one lot probably doesn't matter, but the combination of you and everyone else trading that same signal does have an impact. So we think of everyone trading that signal as one big order called a meta-order. There is an order quantity at which the impact of that meta-order on price cancels out what you would expect to make from the signal itself. Everyone trying to get in at once moves price away from you so you get a worse spot and make less.

There's a lot of research on this area, and when I try the models myself on ES I get numbers that are roughly equal to the largest market order you'll tend to see on a normal day. So if more than 200-400 people are trading your 8 tick signal it will reduce the effectiveness of the signal.

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TWDsje View Post
... Which really stresses just how tight the tolerances really are. Say you knew that the market was going to move up 8 ticks, and you had no risk or margin limitations. What's the optimal number of contracts to maximize your profit when you consider the potential price impact of your trades? When I analyze this I get out about 200 lots.

Meaning that if more than 200 lots try trading on the same signal as you, the signal's expectancy could become unprofitable because of execution impact unless you can consistently get in and out first. Maybe that's why you don't see many market orders at any one price larger than 200 in ES?

How did you come up with a number like 200? Trading 200 lots at different times of the day, with different levels of volume, will have different impacts on price.

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ondafringe View Post
How did you come up with a number like 200? Trading 200 lots at different times of the day, with different levels of volume, will have different impacts on price.

I got this number by plugging in the quieter parts of the day into the Kyle model to find Kyle's lambda and optimum Q with current price and volume standard deviations and a two handle target. The 200 is more the lower bound I think. Like it's just a quiet market, and nothing is happening. We should dive into it further and check my application of it, but I didn't want to drive the thread too far off topic

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  #23 (permalink)
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Hereís how I balance scalping and longer trades. Get yourself into as many contracts of ES/MES as your risk management allows per trade. Take 1/2 to 3/4 profits as a scalp and then use the balance for longer holds dependent on your strategy. I especially like to move my stop to break even on the balance if I get some cushion. Having a zero risk/guaranteed profitable trade on as a runner is my goal everyday. Heck Iíve had intraday runners turn into multi-week swing trades for hundreds of points. Think of each contract as an employee and make them work for you!!

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DaretoDo View Post
Hereís how I balance scalping and longer trades. Get yourself into as many contracts of ES/MES as your risk management allows per trade. Take 1/2 to 3/4 profits as a scalp and then use the balance for longer holds dependent on your strategy. I especially like to move my stop to break even on the balance if I get some cushion. Having a zero risk/guaranteed profitable trade on as a runner is my goal everyday. Heck Iíve had intraday runners turn into multi-week swing trades for hundreds of points. Think of each contract as an employee and make them work for you!!

Good approach.
It's good to have statistics for every target separately so you can see that you might lose money scalps. So either you should make a bigger target or don't scalp at all.

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TWDsje View Post
Coincidentally, this is the opposite way of how Grady approaches it in his book. He's willing to share the information because he thinks the more people trading the signal the better. My conclusion after learning more about market microstructure is that he is simply wrong on this point, and that some of the edge has indeed been arbitraged away unless it's a more volatile market or you're really good at the context. His course is still really good BTW, and I highly recommend it.

I don't know anything about John Grady, but I have encountered the idea now and then that it is better for someone if their strategy is followed by others, because all the followers will magnify the effect.

I think the exact opposite.

For one thing, I think that when a given view of the best trade becomes widespread, its profitability ends. For example, look at the recent runup and decline of GameStop that has been in the news, fueled by people jumping on a "sure thing." Late jumpers got creamed, and in terms of the timeframe they were working on, a typical swing-trading holding period, they weren't all that late. But in terms of the popularity of the idea, they were:



For another thing, you put it well when you said "some of the edge has indeed been arbitraged away." A commonly-followed strategy will move the market, which will bring out the counter-trades, erasing the profit. This is another way of looking at the GameStop phenomenon, taking into account the timeframe for the swing-type trading. (There was an element of classic pump and dump in GME as well, but that is part of the market dynamic too.)

On a short-term basis, if you are adroit and can trade counter to the supposed edge, you may do well, but then you are among the arbs... which puts you in a very cut-throat group, most of whom will be much better at it than you.

This is the major problem that every trader faces. Those edges are very hard to come by, and don't last that long.

Which if taken out to an extreme, means no one can trade profitably, in the long run, which brings us back to the efficient market hypothesis.

I do not entirely agree, but it does make it clear why most traders do not do well in the markets. It is not cynicism to point to the widely-held belief that 90 or perhaps 95 percent of traders fail, in the long run. It is simply reality.

Bob.

------------------

Edit: I'm getting a little off-topic here, but not completely. The thread topic is whether scalping is a sustainable strategy. My post, and the one I quoted, are pointing out the difficulties -- not just of scalping actually, but of any approach. The John Grady detour is worthwhile because he apparently thinks it is good if your strategy is widely-followed, but perhaps it is not.

Beyond that, no one should think any strategy is a sure thing. The markets are always actively working against you, even if you're good at what you're doing. This is because the other traders are at least as smart as you, maybe sometimes even smarter.

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I think this is just difference of edge, some edge works best when kept to yourself but some will work best when maximum people are using it and your edge is basically this fact "That maximum people are using it". One notable example I can think of is Vwap, its attractive tool because many people are using it, in fact its more than likely that you have heard people say its used by institutions and hence you also keep an eye on it.

It is entirely possible to have an edge based on that and trade it but that's not to say that all edges should be shared so that it has more people trading it, in fact that will certainly make that edge useless.

So it boils down to what kind of edge are we talking about, so unless I know what it is that point will be mute.

Having said that, I feel like "Scalping" or any intra day strategy in general will have much shorter lifespan than the swing trading, so its difficult to tell if its going to be sustainable, at least from strategy point of view.

Just my 2c, I'm probably not making any sense
//Coffee rambling

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LastDino View Post
I think this is just difference of edge, some edge works best when kept to yourself but some will work best when maximum people are using it and your edge is basically this fact "That maximum people are using it". One notable example I can think of is Vwap, its attractive tool because many people are using it, in fact its more than likely that you have heard people say its used by institutions and hence you also keep an eye on it.

It is entirely possible to have an edge based on that and trade it but that's not to say that all edges should be shared so that it has more people trading it, in fact that will certainly make that edge useless.

So it boils down to what kind of edge are we talking about, so unless I know what it is that point will be mute.

Having said that, I feel like "Scalping" or any intra day strategy in general will have much shorter lifespan than the swing trading, so its difficult to tell if its going to be sustainable, at least from strategy point of view.

Just my 2c, I'm probably not making any sense
//Coffee rambling

Good point about VWAP. One could probably find a lot of other things that are similar.

On the other hand, VWAP is probably one of the most common things we see on charts. But, as I read trade journals here, traders generally still struggle, even though they are looking at it, and I assume are trading with it in mind.

I would not call any one thing-on-a-chart an "edge." I would think of an edge as the strategy/tactics you use, possibly one that makes use of VWAP or anything else. When looking at how people trade, there are great differences in the use they make of the many common elements that they are working with.

I do think there are profitable traders, some using VWAP or many other things, and I read their work here every day. I just think there are good reasons why many are not. It has to do with the fact that competitive markets are competitive... and the other competitors are pretty good at it.

Bob.

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bobwest View Post
Good point about VWAP. One could probably find a lot of other things that are similar.

On the other hand, VWAP is probably one of the most common things we see on charts. But, as I read trade journals here, traders generally still struggle, even though they are looking at it, and I assume are trading with it in mind.

I would not call any one thing-on-a-chart an "edge." I would think of an edge as the strategy/tactics you use, possibly one that makes use of VWAP or anything else. When looking at how people trade, there are great differences in the use they make of the many common elements that they are working with.

I do think there are profitable traders, some using VWAP or many other things, and I read their work here every day. I just think there are good reasons why many are not. It has to do with the fact that competitive markets are competitive... and the other competitors are pretty good at it.

Bob.

Exactly, words of the wise man

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Exactly, words of the wise man

Thanks, but I never think of myself this way... probably because I know myself too well.

Bob.

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lightsun47 View Post
P.S. The OP is nowhere to be seen and the replies are getting bigger and bigger here.....

This is very common. Many threads are started by someone asking a question, and then people start pitching in, often at length, but the thread starter is absent, sometimes not heard from again.

It doesn't surprise me any more... I guess the question just wasn't so important to the original poster after all. I would like to be wrong. Maybe he'll turn up again.

There's some value to others anyway, so the effort was not wasted.

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Hereís how I balance scalping and longer trades. Get yourself into as many contracts of ES/MES as your risk management allows per trade. Take 1/2 to 3/4 profits as a scalp and then use the balance for longer holds dependent on your strategy. I especially like to move my stop to break even on the balance if I get some cushion. Having a zero risk/guaranteed profitable trade on as a runner is my goal everyday. Heck Iíve had intraday runners turn into multi-week swing trades for hundreds of points. Think of each contract as an employee and make them work for you!!

I have a very similar approach, take half off and move stop to BE. Allow winners to run!

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There's some value to others anyway, so the effort was not wasted.

There is definitely value to newer traders reading this thread, even if the OP is MIA.

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bobwest View Post
On the other hand, VWAP is probably one of the most common things we see on charts. But, as I read trade journals here, traders generally still struggle, even though they are looking at it, and I assume are trading with it in mind.

VWAP is probably a really good test case here. We know that some large institutions use VWAP as a guide for executing large metaorders. However, that clearly must not be good enough or we wouldn't have gotten Almgren-Chriss in 1999. I've even read some things from the authors of that paper suggesting that they themselves don't use it anymore. I know for fact that some of the large institutions have taken these kinds of models a few steps further.

And the thing that makes it extra difficult is that when such an edge disappears it's not like there's just nothing to it anymore. The strategy works, just not well enough to be consistently profitable. It becomes what I call "base". It will either break even, or be inconsistent since the market can't be efficient against all technical edges at the same time. So a retail trader will look at something like VWAP, and it will be pretty clear that there's something to it. Ultimately though they won't see that it's not an "edge" until they've traded or backtested it.

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loantelligence View Post
i use a simple bollinger band(34, .06)


I found this quite some surprise, in your interesting post.

I'm even wondering whether it might be a typo, and you actually meant "34, 0.6", perhaps?

.06 standard deviations would surely be remarkably narrow for a Bollinger band - barely different from the MA (central line) on its own?

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Correct .6 not .06....did you try it.....

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loantelligence View Post
Correct .6 not .06....did you try it.....


Thanks for clarifying.

Not exactly, but over 20 years ago, I used to try to scalp Cable, trading spot forex, using a BB with 30, 0.75 settings and a 10-period EMA, which seems strikingly similar to what you mentioned above. I took thousands of trades with it, and it seemed to have a small but steady edge, on M1 charts.

I've played about with point-and-figure before, but I barely know what Kagi is, let alone how to use it.

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Kagi is just the type of bar you are using...when its green you are going up and when its red you are going down....in todays world you can now add Order Flow Cumulative Delta...with the same bollinger band.....and the trades pop out at you.....great scalp......works on anything...

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Scalping is not a strategy. It is more related to the time you will stay exposed to the markets.
The duration of my trades are between a second and 10 minutes, usually less than 2 minutes. So, regarding the OP question "is scalping a sustainable strategy?", I would say yes and no

I trade about 3 strategies in 3 different market behaviors or contexts. All scalping.
I also swing trade just one instrument in one context only. (a different story).

I am risks adverse and this is why I scalp. Unfortunately, scalping brings gamblers and long term investments bring risks adverse people.

This is true that trading the smaller time frame brings a lot of commissions. This is also true that an "open" journal from successful scalpers is hard to find and for two raisons: 1st, just a few make it and 2nd, why would they advertise?

Good trades!

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