mmustoe

Phantom, Thanks for sharing... Enjoyed the thread (other than the add nothing whiners). My question is why do you not like the ES (S&P emini) ? I enjoy the liquidity and breadth, but also believe it is a heavily manipulated market.. Can you plz expand? Cheers

Ooooyyyyyyy Uh yeah, I never had a losing trade either, and I'm uhhh, Handsome, yeah, and uhhhh Rich and tall, and witty.... Did I mention I never had a loser? Get real... If he has had a streak (it happens), it will end. TTM started off with some good trading ideas / style, but has turned into a mass marketing, cross marketing "venture". In John & Huberts refs to there "masterminds" adventures, they have spoke of just selling more, finding 'bright peoples stuff" to resell over & over, to each wave of newbs falling off the turnip trucks. Simple Question EVERY trader should ask.. "If this person has the grail, why is he trying to SELL it to me?" If I owned the Golden Goose, I'd hide in a cave with dual satellite connections and milk it to death, then retire quietly. Those that can DO, those that cant, TEACH! Trader, Know Thy Self...

OK, I'll bite... Why does this subject slam the ES? Of course there are reasons to trade futures over stocks, but after a long time trading them both, I think the ES is a superior instrument over the YM (for funded, experienced traders). Both products have personalities, but they are different. Traders must know the characteristics of their preferred products. To do otherwise will only make you a DONOR. I liken it to hunting... know your prey, know it's habits. Stalk it patiently, and with a plan. Take your prize and get on with your life.

With all due respect, I think the question is naive. OF COURSE the big banks and investment houses manipulate the market! Did you ever doubt that? If you trade index futures, you had better know that as an absolute, or you will be erased (as Arnold might say). I dont trade the YM (new futures traders are steered there for a reason), but the ES rally off the open was a given and very generous. Im not sure what time you got in, but it was a Friday (meaning 1/2 size, lighter participation, exit early, etc), so profit taking after a gift is a very high prob outcome. 5 red weekly candles in a row... WHO would WANT to hold over a weekend? They (the Big Boyz) caused and took advantage of a short sqeeze / daed cat bounce, were fat green, and took profits. Once the long move failed (12:54 EST for ES), Longs sold to lock in profits. Their sellings nudged the bears, and it was Party On! IMHO, I suspect the time is right for a "normal correction" (at least). A close under 1300 was almost foretold. Question is, will the Govt use their execution arm (GS), to 'stimulate' the markets back up. Where is the good news? QE2 ends this month, we have a FOMC mtg coming up... pick your poison. The market have been going straight up for more than 2 yrs on weak underlying economics, a house of cards. Bottom Line: Trade what you SEE, Not what you THINK. The futures markets are designed to sweep stops and shake out weak hands. I am a scalper, and think it is the only way to stay solvent in the coming vol....

Silly me, I imported it, displayed it on a ES 5M chart, and just got trendlines. Must i Use diff style? Any usage documentation? Please and Thanks