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  1. M

    Dam IB logged off 3 times...

    This is no joke. I pressed the sell button on the futures the exact moment it went dead the first time. 10 seconds later the market went a tear up and I thought I was dead. For ten minutes I was in a panick. Email chat guy said he could not confirm positions...man. Whne it finally came back...
  2. M

    intraday

    try tradesports.com they have an ultra mini contract...about 5 buck a handle. spread is usually 1 handle wide. prove to yourself that you can only lose in 5 dollar increaments before moving up to losing in 50 dollar increments.
  3. M

    Johnny Rotten's method

    DP, that is fantastic that you can sit in a trading room and make live calls. I really mean that. Not many can. Maybe I will stop by and watch you in action. What is the address? Not a pissing contest by any means. In fact, not directed at you at all. What it is directed at is all the...
  4. M

    Johnny Rotten's method

    Ha ha. I just KNEW me saying how shitty ES was would bring out a response. Listen, I did not say that YOU could not trade. I implied most people cant. I mean most, like 90%. The people making money off of ES sure in the hell are not doing off of tick charts and 1 minute bars. It needs...
  5. M

    Johnny Rotten's method

    Public Image Limited anyway, I would like second Mr. Lydons view of ES being shit. After watching DAX and even ESTX50, I would say ES is Extra Shitty. Let me explain. There are SO many programs and computers and arbs hitting ES every second that it jumps around like nobodys buisness...
  6. M

    Anyone trading e-mini russell 2000?

    I trade it and really like it. FWIW, it seems to be a little "faster" at the start of moves than NQ, ES, DAX and diffently ESTX50. The R2K cash does an excellent job intra day of repspecting Higher Highs/Lows and Pivots and can help key you to the next move. The problem is that the futures...
  7. M

    Does anyone Trade the Fortune e50 contract?

    This seems like an ideal contract for playing the longer time frame in a small futures account or for those that want to scale in a position with multiple contracts. For those looking to take longer term overnight positions, it may be worthwhile looking at. $20.00 times index value has this...
  8. M

    Emini liquidity

    with regard to size, I think any lot over 30 eminis is sent to the pit to be filled all or none. Im not sure on this, so check the CME website. I cannot overstate this strongly enough. Demonstrate to yourself that you can trade one lot profitably before scalling up. If you cant make money...
  9. M

    Luck

    Commiso, Good topic. With regard to trading the eminis and your topic of luck, I would say that on a TICK BY TICK basis (the extreme micro level) there is no market more random than futures. FWIW, ultra tight stops beat me up. The easy and speed of Globex can really encourage over...
  10. M

    NexTrend Charting Software

    Its rollover day, so quotes will be all over the place as the December is very thin now. The new contract are ESC2'CM NQC2'CM Best, Mike
  11. M

    FutureWise Trading Group

    I cant attest to where the money is kept clearing wise. I dont have that much with them, so it is not something Im worried too much about. So far, they have been nothing but good to me. Mike
  12. M

    FutureWise Trading Group

    Haas...I beieve they trade all the contracts, but Im not sure...on their new platform...which is just being Beta Tested...you can put them in. I only tradet the eminis though. The charting package on the new platform in just getting going, so my comments are of no value here...Im not a big...
  13. M

    FutureWise Trading Group

    I use em and I like em. Right now the trading is done on a browser based system...not to big of a deal. They are in the process of developing their own system and it should be up and working very soon. I have been part of the beta test group. I like the fact that they pick up the phone very...
  14. M

    Daytrade for how many points ??

    Sorry about all the grammer mistakes in the above post...very late and I'm tired and I dont know how to edit it once it is posted.
  15. M

    Daytrade for how many points ??

    AAA...i agree whole heartedly...i trade the NQ 100% defensively. I assume the postition is wrong to begin with and vow not to give up the big play. As soon as i get about four ticks positive, I set my stop to break even. Im at the point now where I would guess about 40% if my trades are break...
  16. M

    Daytrade for how many points ??

    My words of advice...down load the simulator from PFG Best and use it for at least a month. It is very realistic and in real time. Prove bottom line that you can keep from losing money with just 1 contract. I dont mean make money. I mean try to not lose money. Do not kid yourself about...
  17. M

    suport/resistance-fact or myth

    I never listen to news during the day. I read the news papers at night. The only news I want to be aware of is whether there is a 10:00 am economic report coming out or not because I dont want to put a position on until that comes out. Sometimes if the market moves 7 handles out of no where...
  18. M

    suport/resistance-fact or myth

    You are correct. You can be successful playing either side of the S/R lines. In the turtle/turtle soup case, the bottom line is the price action. Again, it is the reaction the traders at those points. The breakout either works or it doesnt. I react accordingly and set my stops, because Im...
  19. M

    suport/resistance-fact or myth

    For me, it really does not matter if it is real or not. I am trading the traders perceptions of those points. In other words, I believe fib numbers are complete bullshit. But since a lot of people believe in them, I will pay attention to how the market reacts at those points. It becomes a...
  20. M

    Music to trade by

    Kicking, you are Kickin!!! thanks, Mike
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