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    Indicators are liars! Support and Resistance Trading for the S&P emini

    Please. I sold ES last week at 874.50 resistance. (876.00 was weekly high). Support / Resistance is as good as it gets. LoL Big boys buy supports and sell resistances. Everybody else is just scalping ticks. :D
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    Futures Broker

    I trade directly with MF Global & like them very much. They're not always the "cheapest" but I consider them to be the best for execution & service. J-Trader is a good front end, in my opinion. For brokers, you want to ensure you have access to a LIVE PERSON who picks up on the first or...
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    Trading ES Mini S&Ps For a Living

    You'll probably want an account directly with an FCM. MF Global is a good one. For front end you may want J-Trader or Trading Tech's X-Trader. I prefer J-Trader. For charting I use DTN Prophet X. It's pricey but great. I'm a directional ES trader, though. I hope this helps! OH...
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    Any good place left in the USA?

    I live in downtown Chicago & work at CBOT. It's a terrific city! The economy is surprisingly diversified & people are generally nice & normal (compared to Miami where I lived - people there are NOT normal!) :) Downsides are city / state taxes if you're a w4 Employee. For derivatives...
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    8k buyer in TY today 48k total....who knows

    If 123-09 support breaks on TY-H9, it could fall south of 120. It IS support, though... Maybe it'll hold.
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    So every tick on emini equals $12.50?

    Hey Dominic, Lind Waldock is a very good broker. I clear directly through MF Global & naturally Lind is a Guaranteed IB for MF. Good company. REMEMBER: Focus first on your strategy & technique; don't lose yourself in silly indicators & counting pennies in fees. Hope this helps!
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    So every tick on emini equals $12.50?

    CHINKITY CHINK HEE HAW HEE HAW IT'S DOMINIC THE DONKEY! CHINKITY CHINK! (HEE HAW HEE HAW) THE ITALIAN CHRISTMAS DONKEY! J/K Dominic, yes, $12.50 per tick. But do yourself a favor- don't think in ticks - think in points. If you knew better you wouldn't want to be a scalper. Be...
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    I'm Unable to Buy Gold (Feb 09 contract, GCG9)

    OI has moved into April COMEX Gold. Volume is about 50% of Feb but that shall change slowly going forward. Trade April. March is a serial month only locals trade.
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    Why scalping beats any other trading style

    Scalpers are the cheapest traders on earth. Every time I begin to resent their silly craft and their "ticks" I realize they provide liquidity that we all seek. So I'm thankful for scalpers. But there is NO WAY they are more profitable than smart directional traders. When I trade ES...
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    Getting into a Trading House

    Why would anyone give you a job trading? Are you serious? Trade some of your own capital. If not, spend some months virtual trading futures & see how you do. You salaried guys lose your J.O.B. & then try to become a self-reliant trader...ain't gonna happen. I think a lot of successful...
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    What instrument to use when bullish on OIL ?

    If you want to buy oil, just buy crude futures! Or mini-crude futures (QM)! All these ultrashort / ultralong / ultrastupid / ultrailliquid ETFs are the stupidest shit I've ever seen. "NOW THERE'S AN ETF DESIGNED TO GO UP WHEN THE YEN GOES DOWN! THE INVERSE YEN ETF" AD NAUSEUM Come...
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    Which Central Banks are PRIVATE ???

    Euler, don't be a shithead. You can READ THE LIST of Federal Reserve SHAREHOLDERS to see who owns it... It's private individuals and companies, including goldman sachs & the now defunct lehman brothers. I'm not sure what your motivation is for misleading the gentleman who asked the...
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    10 Billion Spent On Combating Marijuana? Lmfaoo!?

    Dear bxp, well written! I think we're all in agreement with you. That study you reference was conducted by MDs at UCLA. Ironically, it's the "THC" that prevents cancer growth, though the smoke itself is harmful to cells. Maybe a good vaporizer is the answer! Best wishes & happy...
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    Why day Trade?

    I daytrade ES and CL futures because I find it easier to forecast short-term supports & resistances. Looking forward a week, month or quarter can be difficult, but I find it generally easy to pick key S/R levels & risk small amounts looking for the "edge" of the market. Day trading is very...
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    Investment bankers=theives

    THE FEDERAL RESERVE... ...is the greatest thief of all. Our founding fathers are rolling in the grave. If interest rates were set in the FREE MARKET, do you think we would've had those 40-year lows in the 30-yr fixed? I think not. The Federal Reserve is slowly, insidiously destroying...
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    ES Journal Archive (2009 - 2010)

    785 - 812.75 or 785 - 825.25
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    Green on the 1/4% Trading Tax

    Let's be realistic, folks. Obama is from Chicago...home of the world's greatest markets: CME, CBOT, CBOE & others; now CME Group, of course. His incoming Sec. of State, Mdme Clinton is from Chicago suburbs & has personally made nice dough trading CME meats. First we're gonna give...
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    ES Journal Archive (2009 - 2010)

    I offer S&P's near 858.50 today. It appears I just missed as high has been 857.75... 857 and 860.25 strong resistance today... Don't you just love S/R? :p Best wishes,
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    My Chart & Poll

    Bless your heart. :D All that stuff is unreliable. I use classic Support & Resistance effectively. Nice poll...thanks for posting!
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    Is my money safe? RCG - Bank of America

    Your funds are likely very safe @ RCG. The futures markets have powerful measures in place to prevent default & issues. B of A? Yeah, probably about as safe as anywhere. For what it's worth, I've always preferred MF Global, which is the largest non-bank affiliated FCM. To be fair...
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