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The HSI Index Futures Scalping Experiment


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The HSI Index Futures Scalping Experiment

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  #191 (permalink)
Brisbane, Australia
 
 
Posts: 124 since Nov 2013
Thanks: 36 given, 194 received

Monday 15 June 20

3/3 +90tics - all done in 40 mins - easy trading with good set-ups this morning.
Couldn't get execution on a sitter (3rd blue dot for some reason?)

IMG]https://futures.io/attachment.php?attachmentid=301735[/IMG]

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  #192 (permalink)
Brisbane, Australia
 
 
Posts: 124 since Nov 2013
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Tues & Wed 16/17 Jun 20

Tues (5/8) -42tics - should NOT have traded as I was completely buggered after my bike race this morning and needed sleep more than trying to daytrade the HSI.....I knew I was under the gun with low concentration levels that were just not there and struggled to try and make it back to after the initial losses....next time I'll just take the day off as your likely to lose if your not in tip-top mental and physical condition for this game.

Wed (3/3 +90tics....it's amazing what a good nights sleep can do for your body & mind.....done < 45mins today as per attached chart.


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  #193 (permalink)
Brisbane, Australia
 
 
Posts: 124 since Nov 2013
Thanks: 36 given, 194 received


Thur & Friday 18-19 June 2020

Thu - (0/2) - 120tics - trading at 3 contracts -
Well - if your head is not in the game dont play...I fractionally missed the first trade but the market moved too fast for me so I blew a gasket and lost the plot.. and re-entered for a loss then shortly after lost my patience and paid the price...2 losses means turn it off and reset for another day...both trades are actually errors - 1st trade stop loss is too close and 2nd trade signal bar is shite!


Friday (8/9) + 123tics had a little chat to myself before the market opened (may be I should do this every day before trading?) - to focus and keep my shit together....well the proof is in the results...best trading day in ages.

This game is 100% mental - it can be done.

Have a great weekend!!

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  #194 (permalink)
Brisbane, Australia
 
 
Posts: 124 since Nov 2013
Thanks: 36 given, 194 received

22-26 June 2020

Tough week overall....

M - +24 tics (10/17) Brutal loss of concentration - should not be trading honestly..fought back from 3 losses..broke all the rules
T - +69 tics (8/13) - frustrating as watching a very fast market in the morning after comments on the China US trade deal imploding with no good set-ups..
W - +93 tics (7/9) - much better after the monday/Tuesday fiasco's.
T - HK holiday - Dragon Boat boondoggle! Had a few friends who took this seriously when i lived in HK
F - 3/3 - +90tics - perfection. Nice to end the week strong.....time for curry!!


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  #195 (permalink)
Vancouver, BC Canada
 
 
Posts: 6 since Oct 2018
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Thanks for putting these out there Godzilla. Looks like you're doing well.

What are your specific entry and exit rules? Was trying to figure it out from your charts. Could not.

Cheers,

Mark

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  #196 (permalink)
Brisbane, Australia
 
 
Posts: 124 since Nov 2013
Thanks: 36 given, 194 received


futurestradermark View Post
Thanks for putting these out there Godzilla. Looks like you're doing well.

What are your specific entry and exit rules? Was trying to figure it out from your charts. Could not.

Cheers,

Mark

Hi Mark and thanks for the positive comment.

I trade the PATS set-ups that Mack has described.. so as per my earlier posts I've adjusted my preset bracket orders to 10tick profit target(per contract), 20tick stoploss for the HSI..

ES setting is 4tick Target + 8 Tick Stoploss if that is your market of choice..

I write down a code (trade abbreviation) in my trading diary for every entry I take.....so today was:

1. BPB (Breakout pull back)
2. F2ES (Failed second entry short)
3. 2EL = Second entry Long.

I've been brainwashed by Macks intraday methods and hence don't trust any other entry set-ups (it's funny as I can see them on daily charts as well and they seem to work) .....the beauty of PATS is that you can "anticipate" a pattern and wait for the set-up.....whether that is during trending or range-bound markets there are set-ups.....you just have to "adjust" to what is on the screen.

Though to be honest given I've been doing this daily now for 2 years (400+? days) you certainly start to get a feel for it and even today the set-ups looked very easy to take but my "gut" tells me to pass on certain set-ups as I've been burned on them before etc....this sort of intuition I never believed in my earlier trading days when I was searching for mechanical holy-grail systems (i.e that don't exist) but now with some experience you kinda get a "sense" after watching the "price action" everyday for so long. When my "head" is in the game and focused like today it seems easy but can be very frustrating otherwise. I've had a few battles this week with myself that I need to work on.

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  #197 (permalink)
Brisbane, Australia
 
 
Posts: 124 since Nov 2013
Thanks: 36 given, 194 received

Monday 29 June 2020

SCHOOL HOLIDAYS - AGAIN - FFS!!!
Shortest Term ever last term like 5 weeks here in Oz Queensland....a sad joke really.
I'll try and trade when I can for the next 2 weeks - this morning took the Daughter on a local bike ride and finished up with a Strawberry milkshake locally, then raced home to trade the HSI....missed that F2ES signal in the first 10 minutes but didn't worry about it as 3 good trades turned up in the next 40minutes

Results - (3/3) + 90tics - done and dusted - luckily wasn't too distracted by the Daughter playing Roblox in my office. Might have even improved my patience. If the Son was in here completely different story

Trade patterns:
1. F2EL - "Failed second entry LONG"
2. F2ES - "Failed second entry SHORT"
3. F2ES

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  #198 (permalink)
new york
 
Experience: Beginner
Platform: tradestation
Trading: gold
 
Posts: 6 since Nov 2011
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Thank you Godzilla for sharing your entries everyday, very helpful !

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June 29, 2020


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