HFT is killing eMini?

Nanex had an article on this subject. You can google it.

Apparently it has not killed scalping. I have been doing some in the past weeks and it is working beautifully. It could be new guy’s charm or luck. Definitely it feels much better than years ago.

My current strategy is based on 1 min and 5 min charts plus watching other longer time frames for bigger trends or pending price reversals. I’m also watching other major indexes and futures to sense overall markets.

Scalping ES

I was bored during time off so I started scalping es. The difference from years ago is that I can do it from my iPhone with Interactive Brokers mobile app. Quite a feat!


I hit my head when missing the spike 1131 to 1136! It happened seconds after closing a long position. After lunch, a short worked ok although the target was set at 1135 missing half of the plunge. Oh well, I was not watching the market anyway.

Increaded LFC position. It’s moving down lately. Likely it may find support at 25, its IPO price.

Closed SUNW position. I may reopn it when it breaks out or continues building base around 5.5 level.

Last minute surge …

It has caught my attention that ES has been surging in the past half hour or so. If you are patient and wait for this last moment, then go long you would have made money in the past week. I contribute it to institutional buying spree since many prints are pretty big lots of more than 100 contracts.