ziebarf

Juts chiming in to say I used to use Mirus with NT and everything went fine. My broker was a nice enough guy and helped me when I needed it. No frills really, just low margins and free NT.

While this might sound incredibly arbitrary, I have been trying to employ a 10 minute rule in trading the NQ/YM. Basically when the trade breaks, I do nothing with my stops for 10 minutes. If the trade isn't going my way by then, I try to reduce my risk by half or by the closest swing. This still calls for some discretion, but stream lines the process a little bit. Trading break outs is tough, thats why I have been trying to find a way to reduce my risk as much as possible. So far this simple rule has led me to some decent SIM profits. But this is also with a relatively small sample size, but i'd figure I would throw the idea out there. EDIT: If a trade immediately jumps to 1R profit, I reduce my risk before the 10 minutes is up, otherwise I do nothing.

This made me think of this: Dual-Screen Laptops?! Yes, They’re Real (and Coming Soon) Asus makes a good product, and they have tons of different laptops for cheap. If I am not mistaken, most laptops can be hooked to at least one external monitor, but two might be tricky. After some googling, I found this guide you might want to look at: How to Connect Two Monitors to a Laptop Macs are nice, but it would appear Tradestation requires windows. ToS however will work on a Mac, maybe you could do it with some emulation.

I imagine if you kept your position size down, they would be tradeable. But I have never tried to enter in a market with poor liquidity and imagine you would get some bad fills. Anyone with some extra money want to test these things haha? EDIT: Wow the volume on these things is really low..

6E still looks pretty to me. Man its been a while since I have traded, feels good

Honestly I view this trade in the exact same way, and I don't feel wrong about it. I have been thinking a lot about the pork bellies chart you posted. I would like to add a different perspective on how I would have traded that level. First off, your 1-2-3 looks completely legitimate in my eyes. The only thing about trading it is you must be aware that it is second in line from the aggressive ways you could trade this area. By that, I mean that it is clearly visible that price was rejected at a level that appears to be supporting the correction to the rally. Shorting this you must be aware that you are hoping this level will break. Its a coin flip, but still not a bad trade in my opinion. In this instance the market even makes a lower high right after your short signaling to cut the trade. What does that lead to? A small loss. Areas of reversals will often have shake outs, this is just something we have to deal with. So after taking your small loss, you are likely going to cool your jets and wait for the level to break. Not 15 days later price has broken the level and you are left an opportunity to get short not terribly far from your original short (point 3). So to summarize, if you take the aggressive play you must understand there is a good chance the trade will not work and the criteria you are looking for. If you want the conservative trade, which might not occur at all, you must wait. But in the end, you are not viewing things "wrong" Of course this all is in hindsight from a guy who hasn't made a dime in the market, but I am just trying to help.

Call me a minimalist.. http://en.wikipedia.org/wiki/Minsk_(motorcycle)

I have started to call the ZN/ZF the "stair masters". The price action is so nice most days. They also let you get in on 1-2-3's without much risk, so nice!

If only the mirco currency futures had good volume, it would be so much nicer than messing with bucket shop spreads. It would be the ultimate learning tool!

[ame=http://www.youtube.com/watch?v=LhqUk28OwHs]YouTube - Alex Jones becomes a Super Saiyan[/ame] Alex Jones is absolutely ridiculous. I am sure some of what he says is true. But to be honest, when you throw that much mud on the wall some of it is going to stick. After a recent stint I in Cambodia, I have to agree it is nice to see progress. But the fact of the matter is that the corrupt government there is castrating the country. A lot of aid that flows through the country goes into the wrong hands. It took me weeks of research to find an orphanage that wasn't corrupt for some meager volunteer work. It is really incredible to see. This is kind of irrelevant to the original post, sorry had to vent that somewhere.

Ditto, moved PT1 up to 1.4339 to account for potential support. Plus I normally have PT1 at around half my stop size (training wheels). EDIT: PT1 hit.. stop goes to BE. Debating whether or not to start making my PT1 bigger. At half my stop size, my win rate has been high. In fact, I haven't had a loser in the last 8 or so trades. But I know this my luck getting stretched and am fearful of using inverse RR for my first profit target. Perhaps in the next few trades I will start making PT1 the size of my full stop and see where how it goes.

Looks like we are all on board

Beat me to it Emini! My only issue with this trade is that it would appear to be in the middle of the range. According to some theories, this area tends to be choppy. But other than that, I think it looks good.

On the topic of using seperate PC's, I am surprised more people don't use a netbook to handle their order entries. They are incredibly cheap and have enough power to handle order entry + some charting. The one I have runs Ninja Trader out of the box, which is pretty resource intensive..

Watching the same short.. Hoping a new set of lower highs develop for a tighter stop. EDIT: Your wish is my command! Although this could go both ways.. The RR on the long isn't as good.

I would tend to agree. If price makes another Higher low, I will cut the order. Good eye Cory, perhaps the trend will continue. In my case, I hope so.

I guess I will keep playing EU potential short. +5 on the last trade. We are around short term resistance. Although this wasn't the best test of that R (a few ticks off)... If price breaks it would also be a TL break, which maybe would add some umph to the breakout? Or is that logic completely ridiculous?

Little trade on the EJ. Hoping for a break on EJ and EU

Also if you take a peek at his DOM, it is not white. Atleast for me, live trading in ninja gives you a white DOM, not grey.. Gooooood morning traders :crap:

I believe it is just personal preference how you enter the market. If you have faith in the trend and the prior price ceiling being able to support price, then buy the pullback. If you choose to trade a confirmation of a price pattern (ABC, Double Top, etc..) then have at it. In the past I have had trouble flip flopping between entry styles and it only has had an negative effect on my account balance. The only issue I take with buying pullbacks/dips are how do you confirm they are finished? For me it makes entry/stop placement loose. Do I place entry to the tic of the price ceiling or to maybe a level of 50% retracement. On the upside, when you nail the entry, you can get by with a tiny stop which is always nice. But on the subject which is a better trade, I feel its subjective depending on your preferred method of entry.

PT2 hit, all out at +22 or so. This was a very forgiving trade, with 3-4 possible entries (which can be seen in my second attachment). If adjusted accordingly to the prior swings and RR, they would have all been winners. I have to say, the entering on ABC's has really liberated my trading. Thanks Thales!

Short potential on the EU.. Loving the action on this market lately, who cares about the holidays! EDIT: Similar outlook on the EJ EDIT: Trade on the EU is a go go, connection is terrible at my hotel due to constant disconnects

I might have to work something like this into my plan. This trade had frustrating written all over it heh. On the bright side I am still up for the night.

Long on the EU.. Good pattern, but we are in a serious downtrend.. EDIT: Moved PT1 down to half my stop size (1.4300) EDIT2: Price kissed PT1, but not filled, moved SL up to 1.4287 or almost BE EDIT3: Stopped out at -2

Short triggered on EU Don't really like the RR on this trade. I have been very ill for two days (Vietnam and its crazy bugs) so I am a bit out of my mind right now. Very small PT1 (1/2 of my stop size) EDIT: Yabba Dabba Dooo, PT1 got hit. Stop now at BE. Going out for some bread, as thats all I can stomach at this point