Best trading streak I ever had was 98% win rate over 124 trades. Doubled my account in two weeks. Maximum 1.5 point drawdowns on the /ES. Trading only during the weeks of 2011-07-18 and 2011-07-25.
I have not actually traded anything in the US equities markets since July. Going into august futures scalping conditions went into the crapper. Never bothering to trade index futures or equities again unless price volatility and volume is high!
I have only managed to get those kind of win rates on the /ES... And I was not using time charts, tick charts, or range charts. I was using Volume charts and was counter trending the ends of selloffs or rallies as price began to slow down and chop. At certain times during the highest volatility and volume I was doing upto six trades within an hour.
Oh... And another thing... I was only trading the specific time period of 10:15AM to 2PM. Too much unpredictable repositioning happens in the first 30 minutes and last hour. Late day routes are hazardous too if you want a high scalping win rate.
What is your best streak and how did you do it? Just a rough description... Nothing detailed.
I have not actually traded anything in the US equities markets since July. Going into august futures scalping conditions went into the crapper. Never bothering to trade index futures or equities again unless price volatility and volume is high!
I have only managed to get those kind of win rates on the /ES... And I was not using time charts, tick charts, or range charts. I was using Volume charts and was counter trending the ends of selloffs or rallies as price began to slow down and chop. At certain times during the highest volatility and volume I was doing upto six trades within an hour.
Oh... And another thing... I was only trading the specific time period of 10:15AM to 2PM. Too much unpredictable repositioning happens in the first 30 minutes and last hour. Late day routes are hazardous too if you want a high scalping win rate.
What is your best streak and how did you do it? Just a rough description... Nothing detailed.