domer03

I have been trading futures for a few years now and am curious to know how many different futures contracts you trade each day. It seems the most popular are the index options (ES, YM, TF, NQ), bonds (ZB, ZN), currencies (6E, 6B, 6J), GC, and CL. Are there certain markets that you prefer over others based on liquidity, price action, etc?

Having enough trading capital is extremely important to long-term success. As part of the 3 cardinal rules of trading: 1> Go with the trend 2> Cut losses short 3> Let profits run It's going to be a challenge maintaining consistent profitablility if there isn't at least 1 YM contract that can go with the trend as you move the stop price in the direction of the trade. To be successful with only 1 contract, you'd have to have at least a 2:1 risk/reward ratio along with a high probability setup.

Hi Steve, The system sounds promising. A few initial questions to probe: If there is a trending market, one would assume that a trading entry would occur on a retrace. What would be the method used? (i.e. 20 MA, Fib retrace, etc.) If there is a range bound market, what would be the preferred time that would classify price action as such? In other words, a daily chart could be trending up but the intraday 15 minute chart would be bouncing between support and resistance levels. Looking forward to hearing more about the strategy!

ThinkorSwim has the best charting software for researching stocks and options in my opinion. Commissions are on the high side though. If you're looking for some brokers with lower rates that are highly rated check out Interactive Brokers and Tradestation. Good luck!