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Futures are based on price not on yield. The yield market is the "cash" market. You need a substantial amount of money and be very analytical to trade cash. You will also need to have a relationship with a prime broker who will provide quotes, leverage, and repo's if you want to short. And...

Right. But shouldn't all accounts be centralized with 1 FCM? The client can choose their preferred FCM as long as it accepts give ups on behalf of my FCM? Am I right with that logic?

It seems you are offended, sorry about that. I'm sure my clients will appreciate me opting for the best FCM that provides transparency with customer funds, allows give ups, sends daily statements, doesn't have a website from 2004, etc etc. Sorry, I don't want to risk client money with your...

IB has a terrible data feed, it is slower than transact and just looking at Eagle's site turns me off. There is no mention of services for CTA's.

Currently I am researching and drafting up documents for a CTA. I am looking on advice for brokerages. I use transact currently for my prop account and haven't had any problems. Although my trades are not high frequency, my holding time can be very short term depending on market speed (few...

Where did all those guys ridiculing the bear go? Still nursing those 152 longs? Lmao.

lol, no. No one seems interested and i quickly realized this journal/website is not worth my time. Valuable information is few and far between here. Happy 4th

I don't get it. You say your making 1-3k a day, but cant seem to find a happy medium in life? Why don't you just trade 1-3 days a week then take the rest off and take up a hobby or volunteer It shouldn't be that hard to figure out. Trying to impress people with p/l is just a sure fire way...

Wow.. wasn't expecting that! No trades on the day, price action wasn't in my favor.

I know many people that look at journals are hoping for many trades a day, however, i try to take 1 maybe more if a setup occurs. I am very selective with my setups and if i don't like the way NQ is trading, i simply wont trade it. No need to rush for trades.

Was wrong in my assumption that price would back into the range. We've ran about 12 points. But you've got to trust your gut. When price attempts a breakout then stalls it's not a good setup in my mind. Remember hindsight is 20/20 2250 is strong resistance up ahead, altho i doubt we will get...

Price action is very choppy around the top of the OR. Keeps stalling everytime it makes a new high. No trade here

Thanks BMW :) Opening range established 2225.25-2210.25. Looking for 1 min bar above these levels on decent volume

NQ is hanging around 2200 for now, my guess is we'll chop around this area for the rest of the night until tommrow

Forgot the chart

Sorry for the small charts guys, ill try to fix that with this one. Thursdays chart Red line is top of OR Blue line acts as bottom of OR and Mondays close and tuesdays bottom opening range, which bounced off of and ran 50 points. So we are looking at a pretty big support here, and look at...

Wednesdays chart. Red lines opening range Top blue line close from Tuesday Bottom blue line close from Wednesday Top green line is Tuesdays high (another critical point) Ok so Wednesday's opening range breakouts did not suffice. As you can see it failed twice. I took the first breakout...

Here is Tuesdays chart. Once again Red lines are the 30min opening range, bottom blue line is Mondays close (2200), top blue line is Tuesdays close. As you can see after hitting mondays close after a quick 5-10min selloff right on the opening, we bounced and ran 50 points. Would have been...

Going to post some charts for you guys to get a better grasp at what I'm looking at. The 2 Red lines are the 30min opening range and the blue line is the close for the day. Here is the chart for monday. I entered 2197.50 Exited 2224.50. Now you can see i could have taken a trade around...

It comes down to this, plane and simple. If your stops are getting hit, you are trading the noisy areas. If you trade noisy areas, sure don't use a stop. But for us that do, we are expecting our trade to move in 1 direction, not chop around our entry for 5min, ultimately hitting our stop. If my...