Scalping lesson
ฝัง
- เผยแพร่เมื่อ 26 ธ.ค. 2024
- Tom Hougaard - TraderTom - Day Trading Scalping lesson
Scalping as a DayTrader.
Scalping is in my opinion not a science, but an art. I made a scalping video today from 10 minutes into the US open today. It lasts about 52 minutes. I have cut out a couple of minutes here and there, where I am quiet.
Scalping Lesson by Tom Hougaard from TraderTom.com - All trades though are in there, including the losing ones. I also talk about what I am looking for.
There are 52 minutes of trading, but if you just want to see the trades, then here they are, roughly:
📆 Recorded: 26 June 2019 📆
1. 06:05 min Sell short Dow
2. 06:58 min Closed + 12
3. 07:45 min Buy Dow
4. 08:45 min Closed +1
5. 10:25 min Sell Short DAX
6. 11:50 min Closed + 3
7. 18:20 min Sell Short Dow
8. 18:56 min Closed + 9
9. 26:02 Buy Dow
10. 27:00 Closed minus 6
11. 36:45 Buy Dow
12. 49:15 Buying Dow again
13. 51:38 Closed both + 33
Total = 52
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👉 For more related videos on Day Traders Mindset:
• Psychology
👉 Videos about Scalping as a Day Trader:
• Scalping
#TomHougaard #TraderTom #Scalping
📆 Recorded: 26 June 2019 📆
1. 06:05 min Sell short Dow
2. 06:58 min Closed + 12
3. 07:45 min Buy Dow
4. 08:45 min Closed +1
5. 10:25 min Sell Short DAX
6. 11:50 min Closed + 3
7. 18:20 min Sell Short Dow
8. 18:56 min Closed + 9
9. 26:02 Buy Dow
10. 27:00 Closed minus 6
11. 36:45 Buy Dow
12. 49:15 Buying Dow again
13. 51:38 Closed both + 33
Total = 52
Your newer videos are not in that format anymore, can you please make a few ones again ? Great stuff and your book was a real eye opener. Thanks for all you do for this profession.
I dont think Tom has mentioned it yet, or maybe I missed it but his secret is momentum, watching the candles live and how they move, the speed...when they slow down etc. It gives you a feel when to get in and when to get out.
For example if you are on the 1 minute and you see a sudden fast up candle forming you may want to get in, after you get in the candle you get a bearish smaller candle, you dont close the trade yet..you notice how that bearish candle has no real speed or movement compared to the bullish movement, you have to train yourself by watching the charts live...it could take a while until it sort of becomes second nature... its like music, like the wind, it feels like a sort of natural movement that your adapt to and play with, you could say a kind of dance.
Tom has mentioned on a stream at least - no secret 😀
Thanks for recording and sharing this with us Tom very helpful cheers
Thank you David.
Good vid Tom. Liked the fact nothing is hidden esp the losers. Too scary for me though. Not enough testicular fortitude as David Paul would say!
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Pretty educational! thanks for sharing
This is priceless
Great insight in it Sir!
I am following your charts in this video and recognized that I'm using the same perspective on 1 hour chart for day trading setup :)
So proud of myself and hats off to you!
Sir, why don't you use futures platform that saves you more pips ticks wicks! It would less cost thousand thousand dollars per day in your case.
I have a question on sizing on scalp should I limit my quantity within daily size limit?
Sir you can use Bandicam screen recorder to record your both screens . whenever you swich the mouse to other monitor , it automatically saves the new monoitor pointed
Thank you I'll have a look.
Thank you for all the value you share :) Loving your vidoes!
Thank you
Thank you Tom for explaining some technique . Can you please tell me more about it? Keep them coming those vids
Hi Patrick, did you watch the other scalping videos? th-cam.com/play/PLTIUSbN_V17XvAeJ39G8UWOOqTTcIpytn.html
The videos about Traders Mindset could be helpful too - th-cam.com/play/PLTIUSbN_V17W-c4gClZkfvnVT1bMDy5k6.html
Hello Tom, Thankyou for your insightful channel and videos. I started watching videos on trading after booking a single day hefty loss and I find myself lucky that I came across your wonderful channel and your teachings. Loss became a blessing in disguise, otherwise, I wouldnt be gaining million-dollar knowledge at no cost :). What I want to know more about is the lot size, the volume. like in this video, You bought 100 lots of WallStreet and made around $350 profit. Can I know about the amount that was at stake for this scalping? If you clear up this confusion of mine, I'll be very thankful. Stay blessed.
You can see the estimate margin that's the amount used for trading 👍🏻
@@YohanLiebert01 thank you 🙌
I have only 1 question: why Tom added to wall street 30 (nq?) position but didnt do that in gold? I think gold position was less risk rather nq.
It is a long time ago. But Tom prefers to trade indices. And yes after the fact every thing looks so clear.
@@LennieClausen_dk i think i know why; he said in another video, which i watched bit later - you can see opportunity in that ticket but i don't sell anymore - for me its enough size.
Quick question: what made you buy on Wall Street 30? All I see is a perfect downtrend, with Lower Highs and Lower Lows. I’m confused
Tom explains why he did it.
@@LennieClausen_dk yes I missed it. How come Tom doesn’t trade the “stocks in play”? Stocks that goes up 30-40% AH or PM?
@@davidstark_ if you go back on the streams you can see Tom has had both GME and TESLA swing trades. But if you trade LARGE size indices seem much more "safe" if you can use that word in trading.
How come traders like you and writers like Frank Ochao have only 10-15k subscribers ?
If you were from India, people would have followed you as a trading god.
I'm thinking it's good for us he's not popular. If everyone used the same method they probably wouldn't work. His mental teaching is more important then the actual methods IMO.
A good question.
@@davidplyler8173, I agree with you Tom is so mentally strong. Trading this or that doesn't make you good. It's all about what you do when you are in a trade.
great video, question. Do you sell and/or but options? or stock?
9:35 What was your thoughts on gold? Triple bottom and a huge green candle with 50% retracement?
Sorry missed your question. It's a little old for me to remember the reason.
what account size u trading with?
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13:30 Don't you have curtailns to blind the windows? :D
Nope 👀
hey, during what hours in the day you scalp ?
Trading is like riding a bicycle it is so much easier to do when it moves.
Hi Tom, do you also use level 2 market quotes and time & sales window while scalping?
No, he doesn't.
@@LennieClausen_dk thanks :)
But would it not be easier to look into level 2 AND using your scalping technique?
Thanks sir
Hey Tom is that new exchange live yet?
Sorry for the late reply - yes it is live.
How did you decide to hold the last position when the market was going down? And why add to it so late? I feel there was a much better entry for the additional position, for example after breaking the close of the first positive 5m candle?
It's always so easy to look back. And we all have trades/Days we would prefer to forget. It could have been a signal on a higher timeframe.
Please learn what he teaches first. Tom always says, add more when you win, cut your losses. Bet more when you win, this is his way of trading
Thank you! Why are you using this platform? :)
They have a very tight spread.
Thank you but please no links to brokers etc here. Michael read about both. It is your money and your decision.
Why not? It is the number one question what platform to use / to trust, at least one of them. At least for a newcomer like me.
@@michaeljosvawchristensen1856 If you go to the live stream playlist you can watch Tom trade on TradeDirect 365 platform. I'm not sure this forum is the right place to discuss all different brokers. And this forum is definitely not the right place to share referral links from other sites.
To @TraderTom: Thanks for sharing. It is useful and inspirational as your Telegram Group....
Thank you, Torben for the kind words.
Do you trade the stock market as well (NYSE or Nasdaq) ?
Could your methods (especially psychology) be applied to stocks ?
Tom doesn't trade single stocks a lot. But it happens. You can apply the same methods/mindset to a stock.
Hi Tom, what time do you use ?
in this video 5 min and 10 min. You can see the time frame here: prnt.sc/TLvvG-8nuANk
hej tom hvilken platform bruger du
Tom bruger TradeDirect365 - tradedirect365.com.au/
do you think sir we can scalp on the currencies as well ?
in theory yes - but it's is rare Tom trade fx on lower timeframes than 1 hour. Often 2h or 4h.
@@LennieClausen_dk yap understand sir thanks really helpful
@@saifalhilali7863 A few years ago I knew a person who scalped EurUsd on a 1 min chart. It can be done. But find the product which is right for you and the timeframe which makes sense for you and trade that. We are all different and have to find out what is good for us.
@@LennieClausen_dk yes sir sure I will appreciate it thanks for your reply sir respect
cool thanks sir
You are welcome
How can we join the telegram group
✅ Follow my Telegram group for FREE trading signals daily - all day: tradertom.com/trading-signals/
🎉🎉🎉
Fedt 👍
Du skulle overveje at optage det i HD. Det er rigtig svært at se tal mm.
I do think it is recorded in HD. I have no trouble seeing it clearly. Have you tinkered with the settings?
It is in HD, just change the quality in the settings on the video to 1080 HD :)
Det kan jeg godt se og det plejer du jo også at gøre. Min tablet kørte den på 360 og med min alder så måtte jeg sq knibe mine øjne noget sammen :-)
På computeren kører det bare på fuld skrald på 1080, perfekt! :-D
@@thomassommer2535 Good to hear.
The Trader Room #TTR Mayank sir Army
The Trader Room army #TTR_Army
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sorry but what I see here is a trader trading without sl and without RR....dificult to belive this is profitable long run, at least very very difficult emotionaly...inevitable you will blow by ''THE WRONG'' trade!!!
Do you even know this guy?
@@jenilpatel7048 Most likely not 👀
I've been trading dax since 2012. It's my main source of income. I trade the one-minute chart. and I AM THE STOP LOSS. Not the line. I do have hard stop loss put in but when trading live on 5 or 1 minute chart live "you" are the stop loss. takes a while to GET IT! Tom is NEXT LEVEL Beast! I see what you are saying, you've probably learnt all from all the good books etc.
@@ImmyYousafzai exactly. On 1 mintute TF, if your stoploss is very tight, someone's pending order will get filled. Algorathimicly it is not advisable to keep SL on 1 minute or 5 minute TF.
@@jenilpatel7048 Not sure if my own method means I agree or disagree with your approach. :) I use tick chart for my LTF, M1 as my MTF, and M5 as my HTF. I have an automatic M1 ATR based SL, usually 1.5-2.5 pips. If I enter on tick chart and my trade setup/entry is wrong by that much, then I usually need to be out of the trade for real anyway. I don't mind the occasional 2-pip single tick spike that might take me out randomly, which is fairly uncommon in proportion. There are MANY more trades where the SL saved me from getting caught on the wrong side of a 5+ pip move within seconds. For context, I nearly only trade EURUSD.
That said, I do also close out some trades before SL if I feel the developing price action isn't setting up my direction. And in response to Lakis, then at higher speed scalping, after 10-50 trade entries per hour for many sessions, you slowly build an innate feel for the ATR of your TF. It's not that you don't have an RR, but that you know by reflex what the typical average and 2 stdev extreme range is likely to be per minute. I know to allow about 1-2 pips of wiggle room (thus my SL size) usually, or up to 4 pips in extreme news events. I know at a glance where my 3-5 pip first TP targets are, so I'm always working with roughly 2.5R setups, even if I don't draw them out explicitly on the chart. And if I'm wrong in a good way, price streaks for 10+ pips, then I hold until it stalls sufficiently and I close out and/or reverse to fade the automatic retrace at a convenient key SR level.
A good rally race driver doesn't watch his speedometer or obey any posted speed limits. He's spend 1000s of hours, learning the feel of the car in different conditions, and knows the feel of the speed that the car can handle going through a corner. Similar thing for scalpers. In the worst case of a bad call or unforeseen accident, wipe the account, fund it again. Never keep 100% of your risk capital in a single account anyway. Keep 80-90% of total risk capital OUT in a separate, non-trading bank account. Only need 10-20% of risk capital as your daily working capital in the actual trading account. Then the trading account BECOMES the final stop loss.
Where is the teaching, what a waste of time. I would have gotten more out of watching paint dry on a wall.
Go ahead then
eh.... you're watching a legend... if you can't see it, rek it.
people like you are reasons why real traders don't bother to share the methods,, go watch the paint dry instead..
@@circle559 you aren't making any money with shit dude
Arturito, respesta los rangos. Si estas aqui es porque probablemente no haces dinero. Cierra la boca, saca el papel y boligrafo y estudia y APRENDE. Muchos videos de el para aprender. En 1 solo video no aprenderas a ser un trader. No critiques leyendas que dan contenido gratis.