Gold drops sharply and suddenly

[falco]

Gold is necessary for getbiggers McLarens engine insulating. Without it, all getbiggers would be riding shitty Lamborghinis and Ferraris.

[ratherbebig]

everything i've learned about gold is from watching james bond goldfinger

[Mr Anabolic]

Do you trade equities?

I spread dax fesx and a few others

I day trade, but not everyday... more for fun than for a living.  I always make sure I'm out by 4pm... no over night exposure.   I also trade ES futures once in a while.

[HTexan]

invest in water and protein powder for the coming apocalypse

a little gold is good if you want to pimp your watch or something

Water and food is only good in the apocalypse if you have access to it. Anything you invest in isn't going to be worth anything in any apocalypse.
Just live life and enjoy, and not worry about the end of the world . It took FEMA 5 days to get water to New Orleans. If you got a week of water and a gun you should be fine, for a natural disaster.

[irishdave]

I day trade, but not everyday... more for fun than for a living.  I always make sure I'm out by 4pm... no over night exposure.   I also trade ES futures once in a while.

Do you scalp the ES? I spread ftse against fesx too. I don't think many can make money trading part time, I do it full time and it's still difficult. Fair play if you're not in the red. Do you use any spreading software?

[ESFitness]

Do you scalp the ES? I spread ftse against fesx too. I don't think many can make money trading part time, I do it full time and it's still difficult. Fair play if you're not in the red. Do you use any spreading software?

x2... You're"working", or at least paying attention & looking for opportunities 24/7.

[irishdave]

x2... You're"working", or at least paying attention & looking for opportunities 24/7.

You know it. Got to look for those pops out of range and snipe them. The dax just broke the two week low and popped down for a nice fade. I made a nice bit. This happened at 6.45pm irish time. I'm always watching

[Mr Anabolic]

Do you scalp the ES? I spread ftse against fesx too. I don't think many can make money trading part time, I do it full time and it's still difficult. Fair play if you're not in the red. Do you use any spreading software?

Yes.  No software, I just pay attention to the volume.  I always let the set-ups come to me.  I realized what was going on with the housing/lenders in 2006/07 long before it was the news and I was very short.  Initially I lost a bunch on margin calls because I was early (as usual).  I almost blew up my account up, but I made it all back +800% (shorting/puts housing stocks, builders and small/mid-size banks) after the housing bubble finally burst and Lehman Brothers blew up.  Some of my trading buddies in San Diego made 2500% gains during that time, one guy retired at 40 years old.  

Trading while living on the West coast is great because you're done by 1pm... plenty of time left in the day to train and do other things.  Another market crash is coming soon... get ready.

[Rambone]

Do you scalp the ES? I spread ftse against fesx too. I don't think many can make money trading part time, I do it full time and it's still difficult. Fair play if you're not in the red. Do you use any spreading software?

Nobody's been scalping ES the past few months. The thing barely moves compared to the NQ as of late. I've been scalping crude using future options lately

[Mr Anabolic]

Nobody's been scalping ES the past few months. The thing barely moves compared to the NQ as of late. I've been scalping crude using future options lately

I disagree.  Look at the 2415/20 area... it's been popping off that support level for the past 2 weeks.  Good for at least 10-20 handles each time.

http://finviz.com/futures_charts.ashx?t=ES&p=h1

[Rambone]

I disagree.  Look at the 2415/20 area... it's been popping off that support level for the past 2 weeks.  Good for at least 10-20 handles each time.

Scalping is all about large ranges and two way action. Days that are between 10 handles aren't optimal for scalping. Most days outside that range have been one way up moves which are also not scalpable unless they like losing money. At over $120k in notional value per contract, a foolish person would be scalping in a narrow environment. Today was the first day in a few that we've seen a double digit down day in the ES. It's been mostly a snoozefest. Like I said, NQ currently has more opportunity and volatility tells us that. Vol in ES is peanuts and NQ has 5 times the volatility.

[ESFitness]

Yes.  No software, I just pay attention to the volume.  I always let the set-ups come to me.  I realized what was going on with the housing/lenders in 2006/07 long before it was the news and I was very short.  Initially I lost a bunch on margin calls because I was early (as usual).  I almost blew up my account up, but I made it all back +800% (shorting/puts housing stocks, builders and small/mid-size banks) after the housing bubble finally burst and Lehman Brothers blew up.  Some of my trading buddies in San Diego made 2500% gains during that time, one guy retired at 40 years old.  

Trading while living on the West coast is great because you're done by 1pm... plenty of time left in the day to train and do other things.  Another market crash is coming soon... get ready.

I was lucky. I was in the Midwest when I was trading so I didn't have to wake up 5yrs before everybody else and be dead tired by 9 or 10pm lol. 08-09 was a fucken awesome time to trade if you had enough capital to short. Thinkni still have notebooks packed away from that period. Shorting citi, aig, gm, b of a, & some others was fucken great.always regret getting in and out of apple 3 times thinking it was topped out at like 98 (thenlastbtrade anyways..)oh well

[Mr Anabolic]

Scalping is all about large ranges and two way action. Days that are between 10 handles aren't optimal for scalping. Most days outside that range have been one way up moves which are also not scalpable unless they like losing money. At over $120k in notional value per contract, a foolish person would be scalping in a narrow environment. Today was the first day in a few that we've seen a double digit down day in the ES. It's been mostly a snoozefest. Like I said, NQ currently has more opportunity and volatility tells us that. Vol in ES is peanuts and NQ has 5 times the volatility.

 

I know people that scalp the ES everyday and making a killing.  If the NQ is better for you, go for it.   

[Rambone]

I know people that scalp the ES everyday and making a killing.  If the NQ is better for you, go for it.   

Everyday lol! Do they show you their p/l or just talk about their winners? Scalping $120k notional contracts for a couple of ticks. Common sense isn't on their side.

[Mr Anabolic]

Everyday lol! Do they show you their p/l or just talk about their winners? Scalping $120k notional contracts for a couple of ticks. Common sense isn't on their side.

With 70-80% consistency, yes.  There are a few trading software programs out there that actually work.  I guess you never heard of Binary trading.

[Simple Simon]

I was lucky. I was in the Midwest when I was trading so I didn't have to wake up 5yrs before everybody else and be dead tired by 9 or 10pm lol. 08-09 was a fucken awesome time to trade if you had enough capital to short. Thinkni still have notebooks packed away from that period. Shorting citi, aig, gm, b of a, & some others was fucken great.always regret getting in and out of apple 3 times thinking it was topped out at like 98 (thenlastbtrade anyways..)oh well

fucking hell mate, do you ever let up with this bullshit. 

[irishdave]

Nobody's been scalping ES the past few months. The thing barely moves compared to the NQ as of late. I've been scalping crude using future options lately

I only scalp the dax I spread everything else mostly like the SMI and ftse. Wow...I didn't realise we had so many other professional traders on getbig. Especially ones that don't even spread...geniuses scalping making a fortune it seems 😂

I don't know any professional reader who solely scalps consistently especially such a slow moving product like the ES. I'll only look to scalp a break through highs/lows or strong supports and resistances

[Rambone]

I only scalp the dax I spread everything else mostly like the SMI and ftse. Wow...I didn't realise we had so many other professional traders on getbig. Especially ones that don't even spread...geniuses scalping making a fortune it seems 😂

I don't know any professional reader who solely scalps consistently especially such a slow moving product like the ES. I'll only look to scalp a break through highs/lows or strong supports and resistances

Yeah, it seems that a lot of guys just head to wherever the action is at the moment as long as the underlying is liquid with 2 way action within a large range. /ES will always be the highest volume of all the equity futures since it's the largest traded product worldwide even if it's not interesting at the moment. Since 4:30 AM EST till now, this morning's range for /NQ has been 100 points and during the same time frame, /ES has moved 20 points. Big difference. Since the opening bell, they've both been moving strongly to the upside, so it's not exactly ideal for scalping these futures for most traders.

[irishdave]

Yeah, it seems that a lot of guys just head to wherever the action is at the moment as long as the underlying is liquid with 2 way action within a large range. /ES will always be the highest volume of all the equity futures since it's the largest traded product worldwide even if it's not interesting at the moment. Since 4:30 AM EST till now, this morning's range for /NQ has been 100 points and during the same time frame, /ES has moved 20 points. Big difference. Since the opening bell, they've both been moving strongly to the upside, so it's not exactly ideal for scalping these futures for most traders.

Cool. I trade 7Am to 9am usually but do most of my trading in the first hour especially spread fade opening gaps of dax and ftse and maybe again at 8am open if I see opportunity but I'm sitting a good few ticks out to catch a nice fill...usually only wait until cash close again unless a big figure on again. Then I won't do anything until near the 9pm close again. Keeping it simple and it's working

[JPM123]

Was in rehab with one of gold's cousins in november. Said he was an arrogant dick and a bully to everybody, family included.

[ESFitness]

fucking hell mate, do you ever let up with this bullshit. 

Dude, face it. You're a loser. 53yr old bum who's never done shit. People can't stand to be around you so you have 1/10 the opportunities even a felon in prison has and you hate it.

[Simple Simon]

Dude, face it. You're a loser. 53yr old bum who's never done shit. People can't stand to be around you so you have 1/10 the opportunities even a felon in prison has and you hate it.

did you type that or say it out loud?

[Rambone]

Was in rehab with one of gold's cousins in november. Said he was an arrogant dick and a bully to everybody, family included.

Precious metal of peace