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Which broker would require the least amount of funds for scalping ES 100 contract per fill????? I was thinking of IB but maybe there are other alternatives. Naturally fees per contract should also be as low as possible. Any ideas?? Thanx

I have tested my approach albeit in a limited way and if you are taking 1/4 going with the trend on 1 min chart using tick chart to see the action more clearly, most of the time it is easy to catch a set up for 1/4 point. The only thing one has to look out for are the break outs. Other than that...

My job right now has me more than ready for a straight jacket. However, I do not see the madness in my system. Every time I see a break out, instead of going for 2,3,4 points like most traders would with let say 10 lot positions I would do the same except for 1/4 to 1/2 point with 200 lot...

I have done the openecry a while ago. At the time I had no edge, no plan and no discipline to do it right. Perhaps it is time to revisit the site sign up for the sim and see how it would go. I have tested my "system" with e signal files and it seems to make money. However, I am aware that...

That is the plan first 1 lot for a month and then 2 for a month and then every month until I gewt to 5 where I plan to stay for a while and then one day maybe a 10 o 20 lot will come in place. In the meantime I am still reading, reading and reading. Thank for your input

Now I understand your point of view and there is logic to it. You are correct in stating that the risk reward ratio is high and I am aware of it. However, just as you have a set up and place your trade for that 2 or 3 point gain I enter into a picture when I think that the market is going to go...

Thank you for your post. I read it and then re read it twice and I think that what I am looking for is the MARKET ORDER approach. Like you stated it is not the easiest way to take profits but to me it seems like the one I would like to play with and perfect it to see if there is a way to make...

You are 100% right a saving of $3.50 a contract would amount to a nice change at the end of the day. Thanks for the info.

I was not aware that ES was so sensitive to 200 contracts. I was under the impression that it would take more than 200 to "back up" the mighty S&P 500 even if it is the mini version of the original one. I could underestand a 1000 contract but 100 or 200 would it really move the market?

this game/strategy is more difficult than you are making it out to be. what do u think your winrate will be with this strategy? what would your entries be based on? you will get burned alot, u are not realizing this. don't look at it onesided "do it 10x a day", need to think if i could do this...

Austinp, thank you for your reply. You are absolutely right ES is a buzzfest and when you look at it in tick by tick mode the screen is like a NYC street during rush hour. However, if you look at 1 minute chart there is a clear pattern of the market. Es is going up a couple of ticks and then...

Trader 273: Thank you for a long and logical post. You are absolutely right that it is easy to just see the what happens when I get filled scenario without thinking what would I do if it goes the other way. I agree that a 1/4 stop loss is extremely tight and I would get stopped out way too...

Now doing it with 200 contracts .... that is greedy!!!!!!!!!!!!!!

I was thinking that eventually going for 100 to 200 contracts per trade I could wrestle a nice amount from the market at the end of the day. Correct my math, but according to my calculations 1/4 = $12, less $5 fees = $7 multiplied by 100 contracts would produce $700 a fill. If I coulf do it 10...

I doubt that it is easier to catch the market like ES for 2 points (than again I am new to this thing so feel free to stomp me). However, it seems to me that having the market move 1/4 happens more frequently and therefore it would be easier to achieve a fill. I would rather get 10 fills for...

Would it be possible to make a profit by scalping 1/4 of a point on ES?? Since 1/4 is $12 less $ 5 fees, that would still leave $7 on the table. Can it be done?:confused:

as for the file I am manily interested in futures ( emini ect.) However, I will not refuse other types. (options ect.) Thanx!

Well! Here comes my first post. I am so new to this thing, I feel like I am back in High School right before my firs serious date. :D To make a long story short, I was given a gift which was a copy of e signal program a couple of months ago, and the rest is history. I am hooked on...