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Old 06-20-2009, 09:18 PM   #1

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High Frequency Scalps on a Dead Day

Friday's volume and volatility were about 60% of normal.

In spit of a dead ass day there was plenty of opportunity.

The first chart shows 30 mins of mid session on a dead day with an obvious sell bias.

The second chart shows that same 30 minutes of trade and several "TradePoints" at which to either enter or add.

A more aggressive approach would be to add and move the stop so it is a matter of scale in, move stop and stop all out.

The more you are right the bigger the position and each add is on the house if the stops are managed properly.

A 3 tick stop would have kept all the adds in for the whole ride.



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Old 06-20-2009, 09:43 PM   #2

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Re: High Frequency Scalps on a Dead Day

Urmablume,what indicators are you using in the chart and do you have a code for those. Thanks. Interesting chart.
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Old 06-21-2009, 06:32 AM   #3

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Re: High Frequency Scalps on a Dead Day

Quote:
Originally Posted by sunilrohira »
Urmablume,what indicators are you using in the chart and do you have a code for those. Thanks. Interesting chart.
Thanks,

The indicators are our combined weighted biases and the harmonic of buying and selling. Both of these indicators have been discussed in other posts.

The first chart is 8k bars and the second 1k bars on the ES.
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