[brownsfan019]

Originally Posted by emg »

1-3 ticks are scalping. 1pt profit target is not scalping

1-3 ticks = scalping
1 pt = not scalping

but you do realize that 1 pt = 4 ticks, right?

Just made the cutoff.

[emg]

I am currently long 1163.50. looking to take profit at 1165.00

[emg]

currently long 1164.00. looking to profit 1 pt

[emg]

took profit 1165.00.

[emg]

Originally Posted by brownsfan019 »

1-3 ticks = scalping
1 pt = not scalping

but you do realize that 1 pt = 4 ticks, right?

Just made the cutoff.

due to low volatility which began 2nd half of 2009, 1 pt profit (4 ticks) profit target takes a while to achieve vs 2 ticks profit target. If today is sept 2008 when the es was trading an average 40 pts daily, I would call 1pt profit target as scalping.

[brownsfan019]

Originally Posted by emg »

due to low volatility which began 2nd half of 2009, 1 pt profit (4 ticks) profit target takes a while to achieve vs 2 ticks profit target. If today is sept 2008 when the es was trading an average 40 pts daily, I would call 1pt profit target as scalping.

I see what you are saying, it was just kinda funny that up to 3 ticks is scalping but 4 ticks is not... Is there really much of a difference over 1 tick? Going for 4 ticks = $50 which is not much at all some would say (myself included) and I would say that's the very definition of scalping.

Too each his own, good luck w/ your journal.

[brownsfan019]

Also - do you trade w/ stops? If so, better list those as well. If not, why not?

[emg]

My stop is based on 10% of my risk capital.