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Interesting video scalping ES...


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Interesting video scalping ES...

  #11 (permalink)
Jugador
USA
 
Posts: 162 since Jul 2009
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deltason View Post
Me too, Jugador. High 5!

Back at ya, bro...

Well, it's 2am and I'm scalping the ES, Mostafa Belkhayate style! I started at 1am, so not bad for 1 hours work.

The only difference I noticed was Mr. Belkhayate was getting fills much faster. But, he probably has a $2,500 a month direct connection!

Anyways, hope this helps you guys. Later...

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  #12 (permalink)
 
vast's Avatar
 vast 
Australia
 
Experience: Intermediate
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Would love to get a translation of what he is saying.
ES is liquid enough to do that.
Jugador do you understand French?

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  #13 (permalink)
 
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 max-td 
Frankfurt
 
Experience: Intermediate
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for me this is the "original" style of what "scalping" is or where meaning of "scalping" is coming from : supershortterm trades working with buying / selling on bid + ask to make those very fast trades only going for 2 ticks or so.
thats the way such trader produces thousands of trades per day.

step by step the word "scalping" was used in gerneral for all kind of shorter term trades later and not only for this bid/ask play anymore.

max-td
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  #14 (permalink)
celan2009
Brussels Belgium
 
Posts: 3 since Jun 2009
Thanks Given: 3
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Hi,
Yes the guy is Mostafa Belkhayate in morocco , trading in multiseconds , instinct trading as he says.
Session of friday 5 mars , 8 minutes of trading during shoppy period , he sells an buys at 1 tick
When price get out of the range 1134.00 - 1133.75 he gets out of position directly .
Nice video.
Thanks

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  #15 (permalink)
 
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 Jura   is a Vendor
 
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Jugador View Post
Back at ya, bro...

Well, it's 2am and I'm scalping the ES, Mostafa Belkhayate style! I started at 1am, so not bad for 1 hours work.

The only difference I noticed was Mr. Belkhayate was getting fills much faster. But, he probably has a $2,500 a month direct connection!

Anyways, hope this helps you guys. Later...

Looks quite impressive Jugador. Are you still scalping? Still profitable? I'm just wondering: why did you only trade one side? And how did you decide to scalp at that moment? (I'm sorry to bother you with these newbie questions ).

@ Celan: Thanks for the additional info. Did he told more in the video regarding his method/style?

More links:
I'm not allowed to post any links, how annoying. :S Try googling on his name and forex factory, and the code for the Center of Gravity indicator can be found at mql4.


(Sorry for the brief post. Don't take it personal, but the great IE crashed two times while composing this post, so for the third time I'll keep it quite brief. )

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  #16 (permalink)
 
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 sam028 
Site Moderator
 
Posts: 3,765 since Jun 2009
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I won't spend time in translating, and I don't think it will be as funny in english as it is in french. In french, it's really really fun, and you don't need to watch the video more than 2 minutes to understand that this is a joke.

This guy is a joke himself, and famous in France, as one of the worst "snake oil" sellers (which is a good performance, because we have some great experts in "snake oil" selling).
Here he is sclaping with a demo account, with a software which allows unrealistic fills (price touched -> order executed, with 1000 cars on each bid/ask...), exiting after 1 tick profit, his P&L don't show commissions, etc, etc.
The last time he was selling an indicator, which displayed support/resistance with great accuracy. Unfortunatly, it was repainting the past, and shows what was the resistance/support 3 hours ago .

Had a bad day, feel a bit depressed ?
Watch one of his videos, 30 minutes of laugh guaranteed


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  #17 (permalink)
celan2009
Brussels Belgium
 
Posts: 3 since Jun 2009
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@ Jura : He says 1 tick = 12.5 $ , fees +- 3$ per contract , he says that this is live trading .

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  #18 (permalink)
Jugador
USA
 
Posts: 162 since Jul 2009
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vast View Post
Jugador do you understand French?

No, a little spanish, but that's about it.

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  #19 (permalink)
Jugador
USA
 
Posts: 162 since Jul 2009
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Jura View Post
Looks quite impressive Jugador. Are you still scalping? Still profitable? I'm just wondering: why did you only trade one side? And how did you decide to scalp at that moment? (I'm sorry to bother you with these newbie questions ).

No, I went to bed after that last post. I'll probably get up at 1am again, and give it another whirl.

I just traded short because I can't chew gum and walk at the same time, and I didn't want to get too confused!...lol

After a little more practice, maybe I'll try 3 instruments at a time! Trading Three At Once

I decided to scalp at that moment because the market was moving slow and trading in a narrow range.

The questions don't bother me one bit!

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  #20 (permalink)
Jugador
USA
 
Posts: 162 since Jul 2009
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sam028 View Post
This guy is a joke himself

Well, joke or not, this guy is my new hero!

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Last Updated on May 13, 2010


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