If I'm looking for what I think could be a 4+ pt move I'll let a trade go 2 pts aginst me max. If I still like it after i get out I'll try it again. For something that is just a quick scalp the next tick goes my way or I'm out.
I don't think your crazy...I am in California so it's midnight for me....those first 2 hours are real hectic.....do you use wider stops during that time or just more frequent trades? Michael B.
Dont let all the naysayers on Elite keep you from posting. People like Fast and I are anxious to learn. Won't be doing the number of scalps you do, but can learn from you and use it to fit our on system and timeframe.
I trade more frequently at the open in the DAX not with wider stops. In the early trading in the DAX I find if you are right you'll know right away.
Thanks for the support. I'm not encouraging anyone to trade as much as I do, as some people suggested. Hopefully, you guys can pick up some tidbits from what I do and apply it to your own methodology. That's my intent.
i'm currently trading ES and i want to also trade DAX. i have a question b4 starting trading it for real. actually i'd like to know if u can enter ATM and get filled easily or there is an important slippage ( because there isn't as many contract traded as ES or Eurostoxx50 for example..). same with stops ( buy or sell ). also , i won't trade more than 5 contracts at one time... thx for any answer from a real DAX trader (paper trader can't really know what i mean..). cya