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The HSI Index Futures Scalping Experiment


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The HSI Index Futures Scalping Experiment

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  #241 (permalink)
Brisbane, Australia
 
 
Posts: 151 since Nov 2013
Thanks: 41 given, 253 received

29 July 2020

Shit day - no movement or volume......hopefully things will pick up as this is 2 days in a row now...normally market volatiltity should pick up towards the month-end.

-24 ticks (3/5) - ignore the scratch trade that was essentially a trade error as I had the breakeven switch ON the bracket order by accident would have been a winner.

Tomorrow will be better!

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  #242 (permalink)
Brisbane, Australia
 
 
Posts: 151 since Nov 2013
Thanks: 41 given, 253 received

30 July 2020

-57 tics (11/16) - last 8 trades in a row winners. Broke all the rules...
Still struggling big time....a lot of the patterns are just not working at the moment which sux....will just have to be more patient and wait for the best set-ups but this will likely require me going past 60 minutes trading which I try to avoid...the gap in trading is lunchtime.
Might have to minimise size until this blows over..

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  #243 (permalink)
Montreal Quebec
 
Experience: Beginner
Platform: Sierra Chart, MultiChart
Trading: ES
 
Posts: 13 since May 2020
Thanks: 2 given, 4 received


Hi Godzilla,
Been studying PATS for a few weeks. Checking in on your journal daily.
I tried to read the patterns at the start of your July 30th chart, but Iím not seeing many setups occurring around where that cluster of trades took place. If you have the time and will- would be great to label some of them, e.g BPB, F2EL.

Also, what tick size are you using now? Might be too fast, giving false signals.

Thank you again for this journal and staying with it.
Cheers



Sent using the futures.io mobile app

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  #244 (permalink)
Brisbane, Australia
 
 
Posts: 151 since Nov 2013
Thanks: 41 given, 253 received

31 July 2020

Well it's been an interesting day....thought I would make 2 changes given my poor results this week and in the interests on capital preservation:
1) back to 1 contract
2) try a 450 tick chart (30% approx) slower to see if that weeds out the noise (false signals).

Morning conclusions:
1) good idea idea until I get my mojo back
2) I dont think this works....slower charts just lose the detail that I'm starting to expect after the crazy volatility from the mid-march lows....

Morning session cut short as on taxi duty for the wife again.
-53 tics (1/3)

Afternoon session:
So after picking up the kids from school I thought I would try a faster tick chart 200 ticks.
(4/4) + 23ticks on 1 contract only with a 6tick target

Looking back at the morning session on a 200 tick chart there is NO WAY in hell you would take those entries.

Conclusion - maybe it's better to trade a higher resolution (lower tick) chart when volatility slows down?
Maybe I like the faster pace on the higher resolution?
Time will tell as I investigate further.

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  #245 (permalink)
Montreal Quebec
 
Experience: Beginner
Platform: Sierra Chart, MultiChart
Trading: ES
 
Posts: 13 since May 2020
Thanks: 2 given, 4 received

BTW - I saw this post, and that Josh is also a mouse trader. I just started setting up a programmable mouse that seems to be working very well in SC. So far I have my 4 most used key combinations programmed into it- and no longer need to hover over the keyboard for these.
See attached image.
Next step is to setup macro to buy/sell where the Crosshair is hovering over without needing to click on the DOM- very efficient for scalping.
Mouse model: Corsair Scimitar RGB Elite

Cheers


Godzilla View Post
Hi Josh, - yes I have 3 hotkeys - cancel all, Buy Mkt, Sell Mkt only(which I rarely use)....problem is in SC you have need a 2 key combination for the hotkeys - which makes me a little bit slower.....given the missed trades recently I now tend to move my left hand over to hover near the correct hotkey combination with my right hand on the mouse for chart trader....in case I cant get my entry....my best trades close out in under 30 seconds. - ie you have to be ready to pounce.

I'm assuming the programmable keypad can then be a single button for trade execution?

Just looking at this below - might be worth setting it up!!! very powerful!!
https://www.instructables.com/id/Making-a-powerful-programmable-keypad-for-less-tha/


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  #246 (permalink)
Brisbane, Australia
 
 
Posts: 151 since Nov 2013
Thanks: 41 given, 253 received


DanDaMan View Post
BTW - I saw this post, and that Josh is also a mouse trader. I just started setting up a programmable mouse that seems to be working very well in SC. So far I have my 4 most used key combinations programmed into it- and no longer need to hover over the keyboard for these.
See attached image.
Next step is to setup macro to buy/sell where the Crosshair is hovering over without needing to click on the DOM- very efficient for scalping.
Mouse model: Corsair Scimitar RGB Elite

Cheers




Hmmm - thanks Dan,

Not sure if I could get any benefit out of it as I'm currently single right-click on the mouse to execute my bracket orders....can it get any easier than that? My hotkeys (alt-F1 ,alt-F2, alt-z ) are just for emergency market orders and cancels with my left hand versus the mouse in the right hand....

I'm using the chart-trader directly and not the DOM....

After my first losing week this year fingers-crossed I can improve from today onwards
I'm going to give the 300tick a crack today (depends on how fast the pre-market moves)....I seem to prefer faster than slower charts.

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  #247 (permalink)
Montreal Quebec
 
Experience: Beginner
Platform: Sierra Chart, MultiChart
Trading: ES
 
Posts: 13 since May 2020
Thanks: 2 given, 4 received

May the ticks be with you.

Cheers


Godzilla View Post
Hmmm - thanks Dan,

Not sure if I could get any benefit out of it as I'm currently single right-click on the mouse to execute my bracket orders....can it get any easier than that? My hotkeys (alt-F1 ,alt-F2, alt-z ) are just for emergency market orders and cancels with my left hand versus the mouse in the right hand....

I'm using the chart-trader directly and not the DOM....

After my first losing week this year fingers-crossed I can improve from today onwards
I'm going to give the 300tick a crack today (depends on how fast the pre-market moves)....I seem to prefer faster than slower charts.


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