Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Guest zugli

This is My Method, Do You Think I'm on the Right Road?

Recommended Posts

Guest zugli

Hi all,

in the last 2 years I developed a methodology that produces the results of the pictures in attachment. And I'm able to be consistent.

Commissions are enormous with this method but I feel very in safe like this.

I really would be happy to know your opinions and suggestions.

Thank you in advance

5aa70eaeb1eeb_06012009-1partsmall.JPG.437b44b1a57f0f15519cf5aec0db8966.JPG

5aa70eaeb7ac9_06012009-2partsmall.JPG.61e4ee9f2fceae3d2665223c50979bbc.JPG

Share this post


Link to post
Share on other sites
Guest zugli

No it's not automated, it's me in front of the screen in various time frames. It's a kind of "soft" scalping. The track record is a simulation with Ninja, that it seems to me simulate in the right way fills. In this example I made 90 trades in 2,5 hours of work, as you see very small profits each.

Share this post


Link to post
Share on other sites
Guest zugli

Here are my trades today in the last 2 hours, I hope pictures quality is better...

5aa70eaedab2d_060220091part70.JPG.0b2bc90facc11befe1a6d3f41b95b254.JPG

5aa70eaee05d9_060220092part70.JPG.560b85ae9541c7ba9d131a033cd7cd2c.JPG

Share this post


Link to post
Share on other sites

I have a few observations:

 

1) SIMULATION: Simulation trading can be very misleading, esp with scalping and especially with the ES. In order for you to count these trades, you need to assume that price traded THROUGH your exit level, not just tip it. In other words, if your exit is 800.00, price needs to touch 800.25. Same with entries if using limit orders.

 

2) COMMISSIONS: If you pull this off in real-time, you'll need to get your commissions substantially down. This includes negotiating w/ your broker and also seeing if renting/owning a seat will help. I would guess that if you are trading this much you'll want to at least rent a seat to get discounted rates.

Share this post


Link to post
Share on other sites

I agree with BF, though the simulation in Ninja is very conservative and generally realistic in terms of its fills, especially when trading live data.

 

Though if you can make $1000-$2000/contract consistently trading 2 hours per day, I'd say that's very impressive.

Share this post


Link to post
Share on other sites

Honestly the results look really good for a scalping system. Your losses are very few and sized about perfectly compared to your wins. Some people scalp for 2 ticks but then they give up 12 ticks on a loss... that stuff isn't going to work in the long run but it looks like your entries and your management are very solid.

 

Just make sure your allowing your entries a real fill (since it is in sim) as other have said, price needs to trade through your order by 1 tick and 99% of the time you will be filled. As long as that is the case with your entries i'd say that is VERY impressive.

 

Obviously I don't expect you to share your entries but i'm just curious what kind of stuff you would look at for scalping? Candles? S/R? Fibs? Its just such a different mindset than what a lot of traders use I was just curious what you would focus on for entries.

 

If you could just give a broad answer that would be great.

Share this post


Link to post
Share on other sites
Guest zugli

Dear all, thank you for your answers.

Brownsfan, at the moment I pay less then 4,5$ RT with my broker, the point at the moment is have something working in the hands, then looking to save money paying less commissions, I agree with you. In the settings of Ninja simulator I put the delay setting 3 times more big and I will simulate like this now. Part of my ts is to enter and exit "buy bid" and "sell ask" to gain 2 ticks instead of lose with market orders, so if I want to buy I'm filled ONLY if the sellers come to my bid price, otherwise I'm not interested in entering the trade long 1 tick more high.

StrangeTastingFishSticks, sometimes I trade only alf an hour with around 30/40 trades, sometimes 3 hours, but not all together,with around 70/90 trades. Then I know I have to stop because my focus disappear, the difficult is to practice this.

Daedalus, I spent the last 2 years now following miniS&P price action in different time frames, in different time windows, and its relation with price levels that now, I think, I can identify quickly in real time. I use also 2 mavg. The shortest chart is 30 sec but when there is liquidity I enter and exit in a 4000 tick chart. I hope Daedalus I was useful.

Share this post


Link to post
Share on other sites
Guest zugli

Here are the last 22 trades of today (after my previous attachment) with the fills delay of Ninja simulator setted 3 times more big than default.

5aa70eaf0db17_060220092part70lasttrades.JPG.b99b29c4b33e416cdf7a375865eff8ea.JPG

Share this post


Link to post
Share on other sites

I think its wonderful that you have some talent for this type of trading. Unfortunately you will probably find that your expenses overcome your profits.

 

I have explained this in another thread. Your short term result is a good one but probably does not reflect what you will encounter in the longer term. Professionals who do this for a living, without exception (as far as I know), do so with benefit of a very low commission rate. Paying above $4 per round turn you will you will eventually find that profits will diminish to the point that you can't maintain this approach.

 

One possible solution might be to lease a IOM seat temporarily and see if you can continue to make it work. You would have to check with the CME exchange for current rates. Then do the math to verify that your volume and profit level will support the investment.

 

Best of luck to you

 

Steve

Share this post


Link to post
Share on other sites

I have to commend you for having the tenacity to stick to this in a simulator for two full years. You are setting a shining example of what every newbie should be striving for: Achieving consistency before ever putting a dime into the market.

Share this post


Link to post
Share on other sites

This might work fine as long as a transaction tax isn't put into place. You'll get destroyed with commissions and tax. Otherwise, good stuff. Either way, it seems you are winning much more than losing, so apparently you're making the right calls and reading the market. Good luck.

Share this post


Link to post
Share on other sites

Personally, I think it is time to let the rubber meet the road. Try this out for a session or three real time and see how you do. It's the only way to tell how it works or how U work. I mean asking here isn't really going to tell U, is it? You've worked pretty hard on this, so let it rip. Look, if it doesn't work out, U know U got some things to work on. Otherwise, U B testing the rest of your time, dude.

Share this post


Link to post
Share on other sites
Dear all, thank you for your answers.

Brownsfan, at the moment I pay less then 4,5$ RT with my broker, the point at the moment is have something working in the hands, then looking to save money paying less commissions, I agree with you. In the settings of Ninja simulator I put the delay setting 3 times more big and I will simulate like this now. Part of my ts is to enter and exit "buy bid" and "sell ask" to gain 2 ticks instead of lose with market orders, so if I want to buy I'm filled ONLY if the sellers come to my bid price, otherwise I'm not interested in entering the trade long 1 tick more high.

StrangeTastingFishSticks, sometimes I trade only alf an hour with around 30/40 trades, sometimes 3 hours, but not all together,with around 70/90 trades. Then I know I have to stop because my focus disappear, the difficult is to practice this.

Daedalus, I spent the last 2 years now following miniS&P price action in different time frames, in different time windows, and its relation with price levels that now, I think, I can identify quickly in real time. I use also 2 mavg. The shortest chart is 30 sec but when there is liquidity I enter and exit in a 4000 tick chart. I hope Daedalus I was useful.

 

Would you be kind enough to explain what you mean by "relation to price level?" Also, are those level Pivot, fibo, MP or another kind you founded? I guess it s some kind of swing/S/R since you trade in small TF. Tkx

 

Maxwells

Share this post


Link to post
Share on other sites
Guest zugli

Maxwells, S and R levels come in my trading chart from different selected time frames, some are more meaningful, some less. Swing SR, meaningful (for me) fibo, meaningful (for me) movavg. Price action also creates new SR in real time. If I can see this all together and how price moves between (how strong is a reaction from a support, recognize SL hunting...) then I can navigate in safe, I mean with the drowdown of the reports I posted.

I hope I was helpful

Share this post


Link to post
Share on other sites

Can you still have profitable days if price action goes back to what it was circa 2005-2006 with 4pt intraday ranges?

 

Go back and look at some historical charts... if you can make it in that stuff I think you'll be fine. That is my only worry for you is that IF the market were to revert back to tight congestive small intraday ranges that gettinga tick here or there might be much harder and thus much harder to overcome the commissions.

 

Realistically I don't think you have to worry about that happening for awhile considering the global meltdown thats just becoming evident but I would hate for you to be wildly successful for two years get to trading huge size only to have the market shift on you and your edge evaporate with it.

 

Other than that you're good to go. The results prove it! Go pay yourself.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • PLTR Palantir Technologies stock watch, consolidation at the 81.29 triple support area at https://stockconsultant.com/?PLTR
    • WMT Walmart stock watch, big pullback to 84.84 support area with high trade quality at https://stockconsultant.com/?WMT
    • AXSM Axsome Therapeutics stock watch. pullback to 120.5 gap support area with bullish indicators at https://stockconsultant.com/?AXSM
    • Date: 14th March 2025.   Gold Surges Past Record High as Market Volatility Persists.     Gold Surges Past Record High as Market Volatility Persists Gold surged towards $2,994 per ounce, surpassing its previous high set on Thursday. With a 2.6% rise this week, gold is on track for its most significant gain since November. Meanwhile, gold futures in New York comfortably exceeded the $3,000 mark, reflecting strong investor sentiment toward the precious metal. The robust performance of gold this quarter extends its strong annual rally in 2024. Market uncertainty, exacerbated by the US administration’s aggressive trade policies, has dampened risk appetite for equities, pushing the S&P 500 into correction territory this week. Central bank purchases increased ETF inflows, and bullish forecasts from major banks have further fueled gold’s ascent. Trade Tensions and Market Impact Former President Donald Trump escalated trade tensions by proposing a 200% tariff on European alcoholic beverages, including wine and champagne. Additionally, he reaffirmed his stance on retaining tariffs on steel and aluminium and signalled that reciprocal tariffs on global trade partners could take effect as early as April 2. As we approach the second quarter, reciprocal tariffs could drive another wave of market turbulence, solidifying gold’s appeal as a safe-haven asset. Gold and Equity Market Reactions The upward momentum in gold has also lifted mining stocks, with Australia’s Evolution Mining Ltd. reaching an all-time high. Global holdings in gold-backed ETFs increased to 2,687 tons, marking the highest level since November 2023. Analysts at major banks remain bullish on gold’s trajectory. Macquarie Group recently forecasted a potential spike to $3,500 per ounce in Q2, while BNP Paribas revised its outlook to show gold prices consistently above $3,000. Gold traded at $2,983.50 per ounce in the Asia session, reflecting a 14% year-to-date gain. Meanwhile, silver edged lower after nearing $34 per ounce, while platinum and palladium recorded gains.     US Stock Market Recovery Amid Uncertainty After a sharp sell-off, US stock futures rebounded. Futures tied to the Dow Jones Industrial Average rose 0.4%, while S&P 500 and Nasdaq Composite futures gained 0.6% and 0.8%, respectively. Despite the slight recovery, Wall Street remains on edge following the S&P 500’s descent into correction territory. Trump’s firm stance on tariffs has added to market concerns. During a meeting with NATO’s secretary general, he dismissed any possibility of easing trade restrictions, acknowledging that further market disruptions may lie ahead. Government Shutdown and Economic Indicators Adding to the economic uncertainty, a potential US government shutdown loomed over Wall Street. However, a breakthrough emerged late Thursday as Senate Minority Leader Chuck Schumer signalled a willingness to advance a Republican-led stopgap spending bill. Today the University of Michigan’s consumer sentiment survey is expected to shed light on how consumers are coping with inflation and trade disruptions. Last month’s report indicated weakening economic confidence, which could have further implications for spending trends. Asian Markets Rally Amid China’s Economic Stimulus Asian stock markets saw a strong performance this morning, brushing off Wall Street’s losses. Chinese stocks surged after state-run banks and financial institutions were instructed to support consumer spending. Hong Kong’s Hang Seng Index jumped 2.5% to 24,038.85, while the Shanghai Composite Index gained 1.9% to 3,420.65. In Tokyo, the Nikkei 225 added 0.9%, while Australia’s ASX 200 climbed 0.6%. China’s National Financial Regulatory Administration issued directives aimed at boosting consumer finance, including encouraging credit card usage and providing support for struggling borrowers. Economists, however, argue that broader reforms—such as wage growth and enhanced social welfare—are necessary for sustained economic recovery. Wall Street’s Struggles Amid AI Stock Declines Despite positive economic data, including lower-than-expected wholesale inflation and strong job market indicators, stock market turbulence continued. AI-related stocks, which have been at the forefront of market gains, faced renewed pressure. Palantir Technologies fell 4.8%, Super Micro Computer dropped 8%, and Nvidia fluctuated before closing 0.1% lower. Tesla also struggled, declining 3% and extending its 2025 losses to over 40%. In contrast, Intel shares soared 14.6% after announcing Lip-Bu Tan as its new CEO. Oil Prices and Currency Movements In commodities, US crude oil prices rose by $0.46 to $67.01 per barrel, while Brent crude increased by $0.44 to $70.32 per barrel. The US dollar strengthened to 148.63 Yen, while the Euro dipped slightly to $1.0845. Conclusion Market volatility remains high as investors navigate shifting trade policies, inflation concerns, and economic uncertainties. While gold continues to shine as a safe-haven asset, equity markets face persistent headwinds. As geopolitical and economic developments unfold, traders and investors must remain vigilant in the days ahead.   Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Andria Pichidi HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • ItuGlobal: Our Latest NETELLER VIPs 2025 ITU GLOBAL VIP Members’ Rewards Every calendar year, we choose 2 customers to become our VIPs. They’ve permanently special status with us and they can fund/withdraw Neteller through us, at parallel market rates, whether they open brokerage accounts through us or not.   These are people who funded with the highest amount of Neteller, and who also withdrew the highest amount of Neteller through us.  They would be announced in January each year and added to our list of VIPs. ItuGlobal: Our Latest NETELLER VIPs 2025 Adetoye Oyebanji Babalola: Adetoye O. has started selling large quantities of Neteller to us since the very beginning of our company’s existence. He also sold Perfect Money to us many times, when PM was still available in Nigeria. Besides, he has given us a lot of helpful business advice, which has proven to be invaluable to us. He deserves to become our VIP. Isiaka Adekunle Mohammed: He is a constant buyer. Buying e-currencies and also funding his Instaforex account through us. We thank Isiaka A. for his trust in us and wish him the best in everything he does. Abiodun Lawanson: This is an avid buyer and seller of Neteller. He buys and makes profits and sells back to us. Sometimes when we are not online, he will send an offline message and we will process his order once we come back online. He has thus become our VIP. Source: Ituglobalfx.com.ng  
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.