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Yeah I like that metric.

Make no mistake, if I'm using the above concept as a way of getting out of trades early, not being tough mentally and not capturing the bigger moves that I should be then it's a mistake to be doing so. I need to be treating these scalp type trades as an addition to my arsenal, rather than excuse for not holding longer.

Also, apart of me thinks that for my development, and even in trading in general, if I'm not constantly trading new things then I may as well give it up anyway because you just cant rest on your laurels anyway.

I should also note these trades are likely a little more ladder/tape based rather than chart. They are naturally shorter term.

Another example was last night, we opened up and headed lower. Then right at 7250 (which was a bit of a longer term support zone anyway) someone came in and swept size 4-5 ticks on volume and then stuffed the bid and continued to wear it. Now longer term the trend is still down and that order doesn't change the market, but there's enough justification to risk a couple of points looking for that to be the initial swing low and maybe collect 6-7 points leaning against him. The key difference is if I view the market is balanced or up trending I need to sit there and run it, whereas in a fleety, down trending mkt taking the 6-7 and moving on is probably the correct play.

Thinking out loud - feel free to post opinions

<blockquote data-quote="kid hustlr" data-source="post: 942475" data-attributes="member: 43522">Yeah I like that metric.Make no mistake, if I&#039;m using the above concept as a way of getting out of trades early, not being tough mentally and not capturing the bigger moves that I should be then it&#039;s a mistake to be doing so. I need to be treating these scalp type trades as an addition to my arsenal, rather than excuse for not holding longer.Also, apart of me thinks that for my development, and even in trading in general, if I&#039;m not constantly trading new things then I may as well give it up anyway because you just cant rest on your laurels anyway.I should also note these trades are likely a little more ladder/tape based rather than chart. They are naturally shorter term.Another example was last night, we opened up and headed lower. Then right at 7250 (which was a bit of a longer term support zone anyway) someone came in and swept size 4-5 ticks on volume and then stuffed the bid and continued to wear it. Now longer term the trend is still down and that order doesn&#039;t change the market, but there&#039;s enough justification to risk a couple of points looking for that to be the initial swing low and maybe collect 6-7 points leaning against him. The key difference is if I view the market is balanced or up trending I need to sit there and run it, whereas in a fleety, down trending mkt taking the 6-7 and moving on is probably the correct play.Thinking out loud - feel free to post opinions</blockquote>

[QUOTE="kid hustlr, post: 942475, member: 43522"] Yeah I like that metric. Make no mistake, if I'm using the above concept as a way of getting out of trades early, not being tough mentally and not capturing the bigger moves that I should be then it's a mistake to be doing so. I need to be treating these scalp type trades as an addition to my arsenal, rather than excuse for not holding longer. Also, apart of me thinks that for my development, and even in trading in general, if I'm not constantly trading new things then I may as well give it up anyway because you just cant rest on your laurels anyway. I should also note these trades are likely a little more ladder/tape based rather than chart. They are naturally shorter term. Another example was last night, we opened up and headed lower. Then right at 7250 (which was a bit of a longer term support zone anyway) someone came in and swept size 4-5 ticks on volume and then stuffed the bid and continued to wear it. Now longer term the trend is still down and that order doesn't change the market, but there's enough justification to risk a couple of points looking for that to be the initial swing low and maybe collect 6-7 points leaning against him. The key difference is if I view the market is balanced or up trending I need to sit there and run it, whereas in a fleety, down trending mkt taking the 6-7 and moving on is probably the correct play. Thinking out loud - feel free to post opinions [/QUOTE]

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