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brownsfan019
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Everything posted by brownsfan019
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Hopefully I can get posting again on Tue. Been under the weather as this Ohio weather is being very tricky - 60+ degrees one day and then talking about snow the next... Took my nephew out for a walk when it was colder and a light drizzle and the next day woke up feeling like sh*t. Great job on the posting guys!
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http://www.openecry.com/software/equities.cfm Looks like equities will be offered at OEC here soon. Pretty soon they will offer most everything under one house, which is very convenient.
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Email from OEC regarding the issue:
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Intraday Trading Trailing Stop for Emini S&P
brownsfan019 replied to cowcool's topic in E-mini Futures
Exactly, you have to find what works for you. In a strong trending environment, a trail behind a moving average or SAR can work nicely. In a choppy environment those options will severely lag. Just depends on what the trader is trying to accomplish - catch the big, occasional trending day or crank out some profits on most trades. -
I am a 100% technical trader. I also moderate the candlestick corner. You can probably make an educated guess from there as to what I use. From there I am looking for good risk/reward spots to enter a trade. And further - I am looking to catch a move in the AM on bonds and then shut it down for the day. I know there's usually at least 1 nice move in bonds each day and I am looking to participate in that. From there, I just adjust my size as the accounts grow to make more money. At one point I tried my best to trade all day, but only a small lot of contracts. All that did was rack up commissions and was also incredibly difficult for me. But I had to go thru that process to get here. Now, I try to pinpoint a good entry area, enter w/ as many contracts as I am comfortable with and then look to ride the move. Sounds simple, but took me quite awhile to get here and then accept that I'm looking for that 1 move and then shut the charts off. I'll be honest, it's weird at times to be done 'working' at 9 or 930am EST. It's an odd feeling when you've been taught your entire life that hard work + long hours = success in the business world; whereas now the equation for me is = pinpoint an ideal entry + ride the move = usually done trading no later than Noon (and many days by 10am). But years and years of screentime has gotten me here. I first had to see that trading all day was not for me. I then had to see that instead of trying to trade many times w/ smaller contract sizes, I was better off loading up on 1 reliable setup. I also then noticed in bonds that there's usually 1 really good move that occurs before Noon EST, so if I could get in on that move & load up on the contracts, that's all I needed to make a good living. If I only knew then what I know now, I could have saved myself thousands of dollars, many sleepless nights and many, many hours.
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4-16-09 Not much happening today on the bond's for me. Didn't quite get the move on this one as expecting. But, a win is a win. Account is doing well.
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Intraday Trading Trailing Stop for Emini S&P
brownsfan019 replied to cowcool's topic in E-mini Futures
Sneak preview of what? The course you are now selling? -
Intraday Trading Trailing Stop for Emini S&P
brownsfan019 replied to cowcool's topic in E-mini Futures
I think you are asking 2 questions, b/c a stop loss order is to get you out of a losing trade, while a trailing stop is typically used when a position is going in your favor. So it's very possible to use BOTH - stop loss when you get into trade and trailing stop once you are in profit. -
JK - what market(s) do you trade? I see the CL today, any others or just oil?
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4-15-09 Decent ZB trade this morning.
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Ronin - can your blotter show the P&L in terms of $? As you know, bond quotes are not fun to interpret, so for lazy guys like me, just wondering if you can show it in $ amounts too. Glad to see another bond trader here!
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I pretty much take the stance that when it's time to upgrade, I upgrade everything - computer and monitors. When it's time, everything is done at once. I guess I just prefer to have all of it done at once and then not have to worry about it for awhile.
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So many possible markets to watch BF. Guess it depends on the user. Personally, I am usually watching: 3 bond markets 3 indexes 3 currencies oil and maybe a few misc contracts. Is it overkill? Sure. At the least, I need my 3 bond markets and while could be manageable on 1 screen, I really prefer at least 2 screens, if not 3.
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Here's what I really want: http://www.youtube.com/watch?v=HlMfzt0oyOc
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My understanding is that pretty much anything on this list is available: http://www.openecry.com/software/available.cfm Now, you might need to have something turned on in order to place trades there. Since the DAX is on the Eurex, you might not have the Eurex feed on or the account setup to trade there (commissions, margins, etc.). I'd drop an email or go into chat to see if you think you'd like to trade the Dax or Stoxx.
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4-14-09 Back on track today. Could have held the trade longer in hindsight.
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Introduce Yourself Here - Don't Be Shy!!
brownsfan019 replied to trading4life's topic in Beginners Forum
Sleep? Who needs sleep. Just get some coffee: :missy: J/kiddin. Welcome to the forums. -
I've got a few 22" monitors here and they are good. I was thinking of going bigger as well, but have been told there could be graphic card issues and might be easier/better to add another monitor if need be. I think it will depend on the graphics cards you have and whether they can handle it or not.
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I have emailed OEC asking them to take a look at this thread to see what's going on. Will let you know when I hear something.
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Guess most of us had a slow Monday. I'm really upset at myself for missing a nice bond setup, but for whatever reason, my head wasn't in the game. Not sure if I like 3 day weekends or not. lol. But we gotta keep positive - 4 days remaining this week to get the job done and done the right way.
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4-13-09 :doh: Is how I feel. There was one ZB trade that I missed while asleep at the wheel and as luck would have it, that was the trade of the day. Of course this one couldn't be a loser and let me get back in (like last Thurs). Quick lesson learned - be ready to go on Monday after a long weekend or stay in bed. ======== Frank - we've all been there. I feel the pain. Hindsight trading is so much fun and so easy to criticize yourself. My only suggestion is keep your head on straight and don't revenge trade on Tues. The market owes you NOTHING for your Monday trades. NOTHING. Don't think for 1 second it does.
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How to Get the Most Out of a Trading Room.
brownsfan019 replied to edabreu's topic in Beginners Forum
Yes, b/c clicking around a site for a few minutes is way too much time. It literally took me about 3 minutes to find those links DB. Plus, those google links will take you right back to what I posted anyways... So you can google the name, and then click over to what I found OR you can just click there to begin with. Maybe ed just needs to create an e-book that people here can pay for, right? -
Nice post atto. The really only time I will consider a slow play is when I have the stone cold nuts and that's about it. I've been burned too many times by doing what you illustrated - make small bets and then let a guy walk right into his straight draw or some weird 2 pair or something. I pretty much bet it if I got it now - whether that's top pair or the nuts. The one thing I have found in poker that helps tremendously (and what I read in a few poker books) is trying to do the same thing every time - whether I have AA preflop or the nuts on the flop - put in a regular, standard raise/bet regardless of how strong the hand is. It's a great way to get paid when you do have AA or the nuts on the flop. Basically, I'll raise to XYZ w/ whatever holding I have and that way the other players don't know if I am making a move with 4,5 suited or AA. Too many only put in big raises with AA or KK and it's transparent. In the end, AA or KK is just a pair. That's it. Can't fall in love w/ 1 pair. (learned that the hard way too). Last weekend I played in a local charity thing (cash games) and the last 2 nights there I took the philosophy of raise or fold preflop. The previous 2 nights I had gotten too soft on my preflop betting/calling and it cost me. The last 2 nights I did the bet or fold preflop option and I got paid off nicely both nights as I heard throughout the nights 'no way you have a hand again' or 'got tired of you rereasing me'... The other thing to take from that is another idea throughout poker books - when you are the one doing the betting, you can win 2 ways: 1) they fold 2) you get called and have a better hand. If you call, the only way to win is having a better hand. I'm a novice poker player now since casinos are not local to me, so only get to play every so often. Seems that some ideas I read in the books take a while to stick. :doh:
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How to Get the Most Out of a Trading Room.
brownsfan019 replied to edabreu's topic in Beginners Forum
Sorry BF... my bad. :rofl: -
How to Get the Most Out of a Trading Room.
brownsfan019 replied to edabreu's topic in Beginners Forum
James - might want to edit my post since all the links are there too.