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Don't set targets on dollar or point values. You're done once you start thinking about money. Trade for the technicals and you'll be consistently profitable. Chris Dunn http://chrisdunn.typepad.com/blog/

Have you sim traded? I recommend you paper trade until you can build a track record of success. I see people all the time who are too anxious to make money and end up losing big time. Once you go live, trade with just 1 contract to get a feel for real fills. Do a couple weeks until...

Sure.... if it gets slow we'll go somewhere else.

I am a huge fan of fib retracements and extensions for targets and pivot points. I've done some trading videos explaining how I use them. Feel free to check them out here... http://chrisdunn.typepad.com/blog/ Chris Dunn

I partially agree... Fib retracements and extensions are HUGE! I use MACD and Bollinger bands to assist me in my decisions. (notice, I didn't say I use the indicators to make the decisions for me!). I've done some trading videos on my blog. Check it out! Chris Dunn...

Buy and "Hope", eh? Smoking that "hopium"? LOL... Why? Why would you want to do that to yourself? I believe in buy and WATCH. Buy and hold is just an excuse for not educating yourself. Please read this blog post. It could change your perspective...

There's no reason to lose double digits. If any trader has "huge" losses, STOP TRADING and learn risk management. I trade e-minis and never risk more than 4 or 5 ticks. With a W/L ratio around 60%, you can be extremely profitable and keep your sanity! LOL Chris Dunn...

I was a huge fan of the ER2. The TF is slow and choppy right now. A few weeks ago my traders and I made the switch to the ES. The volume has been awesome, with very predictable moves. Check out my blog. It could help you out... Chris Dunn http://chrisdunn.typepad.com/

I'm developing a group of traders to trade for my trading group's managed accounts. Feel free to shoot me a message if you want more info. Chris Dunn chris@dunnventures.com

Why would ANYONE want to do this? I don't care how great of a longer-term trader you are, the technicals don't make sense on longer-term charts. The pictures are sooo clear on intra-day charts, but there is no way to be consistently profitable on a longer-term basis with all this craziness...

Agreed... this is the best trading market I've seen since 01'. Anyone who says they're losing money, doesn't know what they're doing.

Thanks for the feedback. I'm talking about a full 54 points in the traditional sense (or 200 ticks on the es).

Seriously... I'm so excited right now. Record trading day for me. Check out the video here: http://chrisdunn.typepad.com/blog/2008/10/record-trading.html Happy trading, Chris Dunn

Thanks for your comments guys! Chris :D

Thanks! :)

I sim traded for over a year before I traded a live account. I honestly don't think it should take that long to become consistently profitable. $2,000 a day is very reasonable. Here's how: 20 contracts on ES 5 points average a day = $5,000 a day If you trade 200 days a year, that's...

I don't see this slowing down any time soon... so I'm gonna ride this baby!

I hope I'm not the only one super-excited about this market. These moves are incredible! Volatility = LOVE! Chris Dunn http://chrisdunn.typepad.com/

Affan, Why the HUGE stop losses? How long is your average trade? How many points are you shooting for in a day/week/or whatever? Check out my blog post on "Getting in on the edge". You gotta learn how to minimize those stop losses and identify high probability trades that will ruuuuun...

Wow... I'm really dissapointed in this TF. Most of my experience is with the old ER2. The past few days, I've been trading the ES... very smooth. I cannot believe the moves we've been getting too. My 4 tick stops are working like a charm on my tick charts. Chris Dunn :D