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my guess would be tax advantage

What's up Ron, ...Gimp? Easton here. I think I might have PM'd you before gimp. It would be cool to have another independent ES trader to hang out and talk shop with once and a while. This area is great. I think some folks had a thread about a Philly office at one point.

It's almost like the fractal characteristic isn't the simultaneous existence of a single pattern in multiple timeframes, like you picture when you think of the standard image of a fractal, but the sequence of transition between patterns in timeframes that happens in the same order no matter what...

Not to sound like a nimrod, but I've scarcely been able to generate year over year expectancy with either channel break or MA based systems... using everything, multiple timeframes (2, 3 even 5), enter at one length exit at a shorter one, stoplosses, exits, trailing exits, pyramids, sizing...

wow, thanks Jack! you shared tons of great info. your elaboration really clarifies a lot for me. i'm going to take some time and think about this and get back to you. thanks awesome post

I've been wondering the same as I work away at system after system. Every time I read something on this board that sounds interesting, I code and test it, and I've been doing this religiously for a few months, along with every permutation and idea of my own. I've tested a lot of systems. I'm...

Jack, I agree that Ed's probably not using MAs. I've noticed you use the term fractal a lot, but I'm unclear on the context you're using it in. When you say "He isn't using indicators, just price and volume and a fractal that he goes to to see whats up by zooming in after hours", do...

Two good friends of mine live in a bhuddist center (Diamond Way) in Brooklyn. They're serious Bhuddists, and every once in a while I meditate with them. At first it seemed totally hokey to me, but after several tries I can tell there are obvious benefits to clearning your mind and training...

Nelson, Just my .02, you should avoid feelings of "missing the boat" both in a macro and a micro sense. The market will always be there, and if you have the goods, it won't matter what the market is doing. Rushing the process is more likely to result in lost capital than hitting the ground...

sempai, Thanks very much, that sounds like what I'm seeing -- movement down into large bid sizes and up into large offers. Your confirmation of this relationship helps a lot. I thought I was just completely off the mark. I'll be watching it more closely... so far, one thing I haven't seen...

nasdaq madness, excellent points, thanks very much. In fact, I traded ES for two weeks. In week one I was up five or six points, and in week two I blew out almost a damn $1000. !! actually, that's probably the story of everyone here when they started... So I am paper trading again to get...

I am guessing if one were good enough, they could tell where the support and resistance are really strong.. is this what you are referring to?

Thanks for elucidating guys. That helps a lot. You know what's interesting... when I set up a 1 tick chart in TS, and apply volume set to color code a volume bar red if the tick occurred at the bid and blue if it occurred at the ask, it does not match time and sales 1:1. I would have...

lol, for sure.

Thanks guys. Another point of confusion looking at time and sales, if ES is zero sum, when I see a sale for 100 contracts go through, who's on the other side of that transaction? The next 100 worth of buys, or the previous 100 worth of buys? Isn't every transaction a buy and a sale?

Thanks -- where would I see how much is actually traded? you are referring to volume?

How do you ES guys use bid and ask size? In paper trading, I see big numbers > 500 and think I'm getting behind a large pocket of supply or demand and many times, it goes completely the other way. Is it just noise, or does anybody find this information helps their analysis? Other times...

sweet! crisis averted.

just be happy schadenfreude isn't in your native tongue. welcome to ignore.

Good suggestion Peg Leg Joe, I've contacted the CME as well.