End of week

Quick gains and the priviledge to close for Friday and week early.

Risk

Risk taken at the last trade. But risk is considerably lower on E-mini trading (compared to highly volatile eur/usd). So this instrument "begs" for higher stakes with lower targets.

Day 3

One more day with S&P future and I am more than delighted! Razor-sharp precise moves and executions, no instant pull-backs (just to hit my 6-8 pips stop), (almost) no spread or slippage, the lowest commission and the profound sentiment that THIS is the scalper's instrument par excellence. A scalper can here enter trades with 10-20 contracts (or more) whithout fear of slippage or stop hunting due to lack of liquidity,  and go for 2-5 ticks easily and with minimal risk.

I entered a short at NY opening (16:30 my time) -tricky time- and got a loser. The rest was quite simple. 22 pips (I should say ticks! lol) today.

ES again

A few ticks here and there, on ES again.

New toy

I am a Gemini by sign and conviction : I cannot stay in one place, occupied with just one thing. Although profitable on the eur/usd market, I started, during my vacation, to study (off-line) the S&P future's charts. What I liked most was its smoothness : rarely violent events, but quiet, peaceful moves up or down. Much less stop hunting, due to the HUGE liquidity (10-times the eur/usd liquidity), which makes the false moves more difficult to produce. A perfect micro-climate for the scalper. I realy admired how perfectly (technically) the market is moved by the big guys : I only need to follow them.

So today I had my first live trades with the new toy. I traded just 2 contracts in a lazy, post-holidays session, while euro was completely flat. The first trade was wrongly entered far away from the median and it was inevitable to close it with a loss. Last trade could go further.

August

Eur/usd was in an almost perfect stuttering mode during my absence. Obviously the stakes are elsewhere for now : on eur/chf (spectacular drop on Aug.9th and rebound), on S&P future, not mentioning Gold of course. It is again the "casino fever" feeling in the markets (which I profoundly dislike), due to new fears about world economy.. This mentality is dangerous for a scalper, it can keep him trading endlessly and greed is the best way to lose money and your mind.. I will try to trade less and selectively in the next days..