Wednesday, August 24, 2011

Day 3

One more day with S&P future and I am more than delighted! Razor-sharp precise moves and executions, no instant pull-backs (just to hit my 6-8 pips stop), (almost) no spread or slippage, the lowest commission and the profound sentiment that THIS is the scalper's instrument par excellence. A scalper can here enter trades with 10-20 contracts (or more) whithout fear of slippage or stop hunting due to lack of liquidity,  and go for 2-5 ticks easily and with minimal risk.

I entered a short at NY opening (16:30 my time) -tricky time- and got a loser. The rest was quite simple. 22 pips (I should say ticks! lol) today.


simon said...

hej Forexbird.

Sounds like you are in love with new toy, lol :P

S&P is ok. But Friday and next trading days will be interesting.

I have a question. Do you trade the whole day, or just for short time (like in this example - you started around 16:30 of your time) Do you trade the whole US session, or just part of it?

The forexbird said...

no, i stop when i get my 20 ticks. Today I stopped a little later after this chart time, after 2 additional little wins of 2 and 3 ticks respectively. Total time : 1 Hour.

$parrow FX said...

Hello Forexbird,

Nice to see you're doing good. I just came around to post a link you'll might appreciate as I remembered your interest in fractals. Here it is :

This one on Algorithms is really nice too :

Enjoy :)

PRD trader said...

Hi forexbird,
Good to see some one diversify his trading.I think its a good option for forex traders to trade emimi.

The forexbird said...

thank you all!

Rashi said...

We need to make sure we take every day normally, it’s only then we will be able to perform well, if we think differently and try to do anything stupid then we could suffer a lot, so just need to keep it all simple. I do just that and with broker like OctaFX, I get excellent support that comes with steady spreads from 0.1 pips to high leverage up to 1.500 while there is also rebate scheme where I get 50% back on all trades, so works very nicely for me!

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