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The HSI Index Futures Scalping Experiment


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The HSI Index Futures Scalping Experiment

 
Godzilla
Brisbane, Australia
 
Posts: 206 since Nov 2013
Thanks Given: 43
Thanks Received: 353

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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Godzilla
Brisbane, Australia
 
Posts: 206 since Nov 2013
Thanks Given: 43
Thanks Received: 353

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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DanDaMan's Avatar
 DanDaMan 
QC/Canada
 
Experience: Beginner
Platform: Sierra Chart, NinjaTrader
Trading: ES
Posts: 99 since May 2020
Thanks Given: 327
Thanks Received: 193


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 I’m 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 NexusFi mobile app

 
Godzilla
Brisbane, Australia
 
Posts: 206 since Nov 2013
Thanks Given: 43
Thanks Received: 353

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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DanDaMan's Avatar
 DanDaMan 
QC/Canada
 
Experience: Beginner
Platform: Sierra Chart, NinjaTrader
Trading: ES
Posts: 99 since May 2020
Thanks Given: 327
Thanks Received: 193

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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Godzilla
Brisbane, Australia
 
Posts: 206 since Nov 2013
Thanks Given: 43
Thanks Received: 353


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.

Thanked by:
 
 
DanDaMan's Avatar
 DanDaMan 
QC/Canada
 
Experience: Beginner
Platform: Sierra Chart, NinjaTrader
Trading: ES
Posts: 99 since May 2020
Thanks Given: 327
Thanks Received: 193

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.


 
Godzilla
Brisbane, Australia
 
Posts: 206 since Nov 2013
Thanks Given: 43
Thanks Received: 353

05 Aug 2020 + update

Given the number of failed trades last week I went back and reviewed my losses and concluded buying the breakouts were killing me so after a swift uppercut to myself I've banished those trade entries until further notice. These worked like a charm with the recent volatility but now fail most times as per PATS rules.

+ switching to 275tick chart to get some better signals....missed a couple of sitters today as it's a bit quicker than my usual 350tick.
+ 9 tick target adjustment.

Today +36tics (4/5) - excluding breakevens
Yesterday +23ticks
Monday -50ticks..

Lets see how this goes for the time being

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Godzilla
Brisbane, Australia
 
Posts: 206 since Nov 2013
Thanks Given: 43
Thanks Received: 353

20 Aug 2020 - and general update..

It's been a while and have been quite busy with liquidating my commercial property position and re-investing into the share markets both here ASX200 + Nasdaq 100 - individual stocks selected via stock model that I've been trading on my retirement account since August 2019 +19% for last financial year. Lodged my SMSF tax return after getting the green light from my auditor as well...that saved $1500 alone.....managed to get my Funds operating expenses down to 37 basis points.....average rip-off Super funds here charge 1%+...one of the few times I'm glad I studied accounting at Uni...

On the HSI day-trading went through a poor patch for a week this month as the volatility has decreased and started to reassess my trades and style of entries that worked previously don't work as consistently (mainly the Failed Second Entries).....seems to be working again this week as results this week with 2 contract maximum.....I'm trading down on size until I feel "more" confident ...then again is anyone ever "confident" in this game?

One of the better takeaways on review is trading Break-out Pullbacks don't really work in lower vol environments. Mack does warn they are not as consistent as other entry types.

M (34) tics
T +42 tics
W +36 tics - arvo session with typhoon.
Th +38 tics - chart attached..

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 steve2222 
Auckland, New Zealand
 
Experience: Beginner
Platform: Sierra Chart
Broker: AMP/CQG
Trading: Whatever moves in my timezone
Posts: 1,896 since Sep 2009
Thanks Given: 3,379
Thanks Received: 1,540



Godzilla View Post
20 Aug 2020 - and general update..

It's been a while and have been quite busy with liquidating my commercial property position and re-investing into the share markets both here ASX200 + Nasdaq 100 - individual stocks selected via stock model that I've been trading on my retirement account since August 2019 +19% for last financial year. ..............

How are you buying your Nasdaq stocks? Is this through an OZ or US broker? Are there any admin implications with you being an OZ tax resident owning US stocks directly eg US tax obligations? In NZ we have a pain in the arse tax obligation if you own foreign investments above a certain value (I think $50k) but there maybe exemptions for some countries (I have not checked for a while), otherwise it is almost better to buy through a fund rather than direct.

Prediction is very difficult, especially about the future - Niels Bohr, Danish Physicist

 



Last Updated on December 15, 2021


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