DAX Scalping

The DAX Scalping December 16 2008

Category:

Howto & Style

Tags:

• day trading
• scalping
• intraday trading
• market

[timyen0828]

hi! great videos! nice scalps. How do you add your stop-loss manually while you are in a position? i want it like the ATM strategies stop-loss, where the amount of contracts is subtracted from my target and stop when I use a limit order to scale out of a position. let me know if you know what im talking about.

[TraderB52]

Just place your limit order between ATM stop loss and current price. If your limt order get hit then your ATM number of contracts automatically will be decreased.

You can setup your NT DOM up to 3 different targets with 3 different stop losses( I use only one). Also, I setup my auto breakeven: profit trigger 6(or5) plus 1. One more option is setting up auto trail with 1-3 steps

[mrkjens]

You sure have proved that one does'nt need to have a risk:reward ratio of 1:3 or higher to make it in this game as per the so called market gurus!

[TraderB52]

This year my risk/reward ratio around 1.0 with winning rate 72.5%

[ponsaku6982]

Interesting that u trade the divergence of DAX and FESX. I never checked FESX when trading DAX. I always look at S&P and DJ euro stoxx.Also NASDAQ SPY.

I felt the voltility was dropping from the middle of december, so if it's more volatile like as usual, I guess you make more.

Do u trade other markets such as CME, NYMEX, LIFFE, ICE?

I trade crude oil, natural gass, gold, currency etc...

It would be great if u could upload more videos. Thank you

[TraderB52]

I agree volatility is low. The higher volatility the more opportunity for trades and obviously higher P$L. From Sept to Nov I was trading about100-120 contracts per hour, normally 30-45. I like to trade TF in the afternoon session. Currencies are very slow for me

[TraderB52]

I scalp with 1-2-3 contracts depending on setups. It was intermarket divergence(DAX/FESX). I usually trade 6 and up to 10 contracts in that situation. The market was very slow and I had to get in and out few times before I reached my exit point. It wasn`t a perfect trade but I still was able to make about 1000 bucks in 10 min. It is Ninja Trader. Sorry about the quality of the Video.

I Traded 47 contracts, made about 2000 US dollars, 75% winning rate, average win to average loss was .8

[ponsaku6982]

looks nice. I also trade the DAX too.

Is this ninjya trader? I use TT X_TRADER

looks like u hold 3~4contracts at a time.