March 11th, 2013

Thanks Mr G for setting up this blog. Heres a quick scalp on a slow day in the BOBL.

Bund dropped a few ticks so I expected Bobl to follow. Iceberg in the bobl was holding market and big red print in the schatz. Good set up.

March 7 - Scalps In Slow Bund GG

Trade 1 @ 1:00 (fast forwarded market upto that point)
Trade 2 @ 4:50 (leading into from 4 minutes) (fast forward between action)

Trade 1 
Doubled up in my editing so ignore trade at 30 seconds when footage slows. Based on the slow action I expected the Bund to reverse below yesterdays close to stay in the profile range that was forming. I was looking for two small breaks to new lows and then for a quick scalp back into the range. The entry worked a treat - the three tick auto stop is fail safe reasons only and I don't want to actually give away more than two ticks. I have had a large string of losses and finally getting over the jitters so was probably a bit to quick to lock in two ticks here for a 1:1 Risk Reward

Trade 2
After the market moved back up off the lows formed around Trade 1 I was confident for a fade opportunity at the top of the range in the profile within a few ticks of yesterdays close. I missed an opportunity initially but it came back to my the step in the profile where I got filled at '19. Once again - was quick to put two ticks in the bag to help get some confidence in my trading. Being a rates day, Spanish and Italian auctions, and some other big numbers, as well as rollover, not a day I want to hold onto profits for too long in hope of a run. Thought it might help jog my memory putting all the action in there and fast forwarding between trades.

March 6 - Oleg's Bund Trades

Bund Trade 1



Bund Trade 2

March 5 - Jimmy Bund Trade

Details are in you tube comments.

March 4 - Example Post Of Bad Trade In Bund

Trade occurs at 3 minute mark.

This was my first trade for the week. Not a particularly good one to start with but want to test the posting of a video and some example commentary.

The Bund had gapped up on the Open then sold down to the where the profile level eventually formed at 145.70 - 72. It then tried again towards the Open where it bounced off (the Open) and came back down to the step in the profile where I was looking to fade for a few ticks bounce for some reason. I was anticipatory stupid and jumped in after seeing a small amount of absorption in the middle of the profile. It went against me straight away and I exited at 3 ticks loss before it potentially broke lower. One Stupid Trade given the speed of the market, I should have had the patience for a better entry.

That better entry was at the bottom of the profile range just two ticks down from my entry, and could have expected the bounce after noticeably some more absorption of size was occurring with some buying.

I got more cautious after this loss straight up, and volume continually exited the market for hours to come, so this was my only trade for the day.

Including editing and uploading the video this post took me 10 minutes to get an idea of the commitment involved here ;)

Introduction and Posting Guidelines

The idea -

The goal is to expand participants exposure to successful scalping trades based off reading the order flow as demonstrated in the No BS Day Trading material and John's subsequent webinars.  Your example can add layers on top of the No BS style trades, as long as the main idea is placing trades in the DOM based off order flow and generally that no chart based indicators are used as triggers (ie moving averages).  Unsuccessful trades can also be posted if there is a key lesson worth sharing in the trade. It does not matter what instrument is being traded, as long as there is some demonstration of order flow involved.

Some guidelines:

• 1 trade video per post
• Tell us what time the trade occurs in the video recording
• Make sure trade video captures enough before and after of entry AND exit to see the trade concept. If holding for a long time (> 10 minutes) edit the recording to include entry and exit or post two videos to cover entry and exit.Viewers can always fast forward through it if they want
• Outline what you saw before, during and after the trade
• Add anything beneficial for others to learn from this trade like:
• What you saw in related DOM screens
• Mental state going into it (might have had 3 losers beforehand)
• Trades should be live. No SIM trades unless specifically making a point on the simulator

Embed video at the top of the post with the commentary and other dialogue below.  You Tube, Vimeo, and Screencast can be embedded. Copy the Embed link from the relevant site.  You can change the dimension of the video in the emed code to: height="360" width="580" to fit it well in your post.

Thanks and look forward to seeing some trades.