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Hi Hamb-ltrd: If you’re starting out with $5k in E-mini’s trading 1 lot with 2 to 4 point stops, treat your equity strictly as tuition money and be prepared to have it spent learning as much out of it as you can. Better if you just simulate trade with an on-line platform on $50k play...

Personally, I think the stop-loss is way too wide, even for a 1-lot ES. The sideways whipsaw of the last couple of days no doubt is contributing to the performance so far. Once we work out of this chop and start trending, it might look better. But I would suggest using some sort of a sliding...

T-Rex: Then it seemed to me that once you were stopped out at 1015.00 at 12:19 EST, you WERE flat and then waited for a pull back before placing your 2nd stop-limit order of the day to buy at the same price of 1015.00, which didn’t get elected until 2:43 EST. It just wasn’t an IMMEDIATE...

Okay, I see. Thx! Kermit

Hi T-REX, Just curious, at what point do you decide to begin moving your trailing stop down toward your B/E? Do you do it in gradual decrements or at-once as price moves below 1004.75? Thanks, and looking forward to your further insights. Kermit

I’ve had mixed results from using pre-market activity and have since learned to place less credence on them and put more weight on prices from RTH. Kermit

VisionTrader, Interesting you should mention the use of tick charts. I think they actually give much clearer, more information-rich price movements/patterns. If I may ask, why would you recommend it “FOR ENTRIES ONLY”? Kermit

Good use of entry stop Awash. As for your 1st trade of the day, I actually thought you would have gotten in on the short earlier than that (probably around 994.00 or 993.75). The entry of the 2nd trade looked like it was better timed. You later mentioned in your reply to VisionTrader that...

Yes. Then it seems that the area around that S/R that you’ve identified is where you’ll want to mark your stop entry. The only other thing then is to focus on executing your entire process from beginning to end of the trade as flawlessly as you can for each setup/signal you see. Good...

Awash: Just curious, what order type did you use to enter that 986 trade at 10:16 EST (market, stop, limit)? From reading your “Primary Trading System Rules” sheet, you mentioned that you would “Enter the market (BUY) on first higher low of an up trend and/or (SELL) on first lower...

Flashboy: During your break from trading, I think it’ll be worth your while to take the opportunity to get in touch with a professional trading consultant like Ruth Roosevelt at http://www.ruthroosevelt.com/ She is based out of NY and can work with you face to face and/or over the...

Maxpi: Yes, you can, and this includes pre-market (e-mini) prices too. From GS, request a download of just today’s data. Kermit

Yes, I agree with newesttrader1. I have the free ActiveX plug-in installed on my TS2000i Global Server. I can get historical data and ability to backfill missing intra-day data (should I lose connection or need to stop GS for whatever reason). For that purpose, it’s as good as TS7.1...

Blb078: After you’ve read up on the material at the CME Web pages, check out the Index Futures section of this site and you’ll also find plenty of informative discussions on e-mini futures. Kermit

Blb078: Absolute discipline and adherence to your proven edge is a must if you want to shoot for it. I am assuming you’ve already got your sound money management rules worked into your trading system. My concern here is if you’re setting such a daily target (and there’s nothing wrong...

I've got PATS J-Trader on XP Pro and runs fine. Kermit

Donaldduck3419: I hesitate to say that it’s a seasonal thing. I recall a year ago this time (July/August) the market (ES) had plenty of wild swings and sharp trends – hardly a dull moment. It helps to view a second chart at a scale an order of magnitude larger than what you normally...

It depends on what one associates their psychological pains to. If it is anchored to items like position decimation, draw-downs, pride, etc, then naturally that is what one will experience in the market. That is not to say that the above items aren’t “painful” when they do occur because...

I trade the ES and therefore use Globex on my screen so that my technical indicators are native to that market during RTH. Kermit

Globex, near-24. Like to get the whole picture and see what went on overnight. Kermit