scalping the Dax

[ukalgotrader]

mode2006 - is the order entry system TT ?

[mofe2006]

yes

[COROVICD]

mofe2006 >> 31 contacts a side on 12 or 13 trades. P/L was $1659.00 or 1225 euros.

Is this profit inluding or excluding broker's commission?

[mde2004]

fuck yea nice trading homie.....

[g8lys]

Pretty good going. I noticed you mostly initiated shorts, even though the market was gently rising overall. What's your entry criterion? Just at market three ticks from a swing hi/lo ?

[mofe2006]

I trade off how the Dax is acting vs. correlated markets this could me minute to minute or on a longer term basis if I'm looking to pick a direction. Other times it just something I see in the order book in the Dxa or in the Dj Euro Stoxx(which I will then use to trade the DAX)

[foxrivertrader]

I've sent you an email about this. I'd like to speak your API person. Are you anywhere around the Fox River yourself? I don't think it's that well known.

[mofe2006]

I'm in chicago. I received your email and will put you in contact with my friend.

[foxrivertrader]

is that the xtrader charting platform? do you execute using it?

[mofe2006]

No that is just esignal. I execute using a mouse and a gaming pad. Do you trade for Ritchie (FoxRiver)?

[foxrivertrader]

No. I'm not with Ritchie Capital...I live close to their geneva, il office however. from what i understand they've downsized considerably. I thought you mentioned etrader as your execution platform so i'm confused. im researching API's for order execution and came across this in elitetrader.

[rimmamed]

It is about 5 ticks per contract for 12 trades in 40 min?

[mofe2006]

The total ticks of profit was 98 ticks. So, closer to 3.3 ticks per contract.

[rimmamed]

5 ticks in 40 min on 12 trades?

[rimmamed]

Is X trader has cumulative bid/ ask ratio. D u use it in your technique?

[mofe2006]

No I don't use the cummulative bid/ask ration. Most of the size posted is noise. The key is to be able to tell when it is for real. I watch the speed and size of trades and how correlated markets are acting.

[g8lys]

mofe2006: "I watch the speed and size of trades and how correlated markets are acting." Can you give us a video showing *that* in action? Meaning, do you watch charts or MD Trader windows for the other markets, and what are they doing at the times of your entry. That'd be cool++

[mofe2006]

I will try to put something together.  There is a limited space I can record on my desktop with out slowing down the update rate of my monitor( this makes the mouse movement much slower which would be chaotic for my trading)

[electricsavant]

How many trades were made and what was the profit?

[mofe2006]

If you look at the full screen video you can see whats going on enough to make out the P/L and the contacts traded. 31 contacts a side on 12 or 13 trades. P/L was $1659.00 or 1225 euros.