Simple Profitable Method

I'm a pure scalper : YM, CAC40 and n225

Ym : 2 ticks - 10 ticks
CAC40 : 2 ticks - 10 ticks
n225 : 2 ticks - 5 ticks

Gross : 5 to 10% each month

Simple, fast, secure, boring, profitable

 

Are you tempted to do the NQ now that it's 5 bucks a tick? lotta volume

 

No NQ or S&P, i'm looking very little % and most fast as possible. NQ is not very interessing for me because there were 200 or 500 lots as YM there were 10 or 20 lots. A good trade is less 1 2 minutes.

So my luck to have a fast trade is more speed with YM, for me time in market = risk, less tim, less risk.

Sorry bad english, i'm french

 

Understood, Jack Broz trades the YM and runs his Hotcomm room from the pit floor, fantastic trading room if you are looking for one

 

Thanks T28. I'll papertrade this next week.

 

Why not, it will be interessing to progress or to have new ideas.

Can you explain me how assists to with it?

thanks

 

Jack is a wily old ex pit trader that still knows all the guys on the floor and gets all the news and whispers during the day, it's just a good environment to trade in if you trade the YM or bonds

 

A quick diversion. Weekly Bund chart with the MACD below.

http://www.futuresource.com/charts/charts.jsp?s=DGB&o=&a=W&z=800x550&d=LOW&b=bar&st=MACD(12,26,9);

Looks like the market is just about to cross the zero line, having made a double bottom. Will be interesting to map on the essentials of Trader28's methodology and see how it works out on a different timeframe and market.

es175

 

Just wanting to let you know that you will not be able to tell when the 3 Period SMA Displaced -2 is above the 3 Period SMA Displaced + 2 in real time. That is, unless you can read the future and then you wouldn't need these indicators.

Best,

LB

 

I dont use -2 3 SMA, it's not a crossover system, it's just price popping above or below the 3 SMA (+2), some of the best traders in the Kwikpop room had to trim a lot of indicator fat off the bone