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I mentioned the ability to follow futures systems on Striker.com. You can have trades automatically placed in your account. This is my last post about it because I may soon have my own system on there. Of course, I have no clue how I am going to do! But seriously, if you have an edge in your...

Toby, If you have never traded index futures before, then the Micros are certainly perfect for you. Depending on your broker, you can get $50 to $100 margin per contract. So seriously - you can begin with just $500. But I strongly recommend $1000. And $2000 is even better, because the market...

This is from Gain:

Gain Capital just lowered their RT costs on the new Micros from $2.00 to $1.00. I think they saw the overall market volume and decided to stop being a jerk about it because they were missing out. While it is still costs a bit more than AMP, I will start trading micros in my Striker account...

I got 7 good scalps this morning on the MNQ. The market is faking out a lot of people these days. I don't want to be one of them. I think DAY TRADING is the only sane way to trade. These short trades were taken near the high of the day after a stall on all 4 of RTY, ES, NQ, and YM. Look at...

At the suggestion of Scataphagos, I have done a major table and graph overhaul which emphasizes ticks over dollars, easily paving the way for scaling and meaningful performance data: 1) I have removed the % gain per day, because it got screwed up with my withdrawal. 2) I added the number of...

I see what you are saying. We are actually speaking the same language. The dollars don't matter as I scale up. Yes, the points are all that matter. In a couple previous posts, I showed my averages. I will revise those going forward to say "points" or "ticks." I trade the Nasdaq and Dow...

Please explain more about what you mean. I am missing something...

The ES and MES might be fine, but I like the finer granularity of the NQ/MNQ and the YM/MYM. They each can give the same (or more) number of dollars per move, but there are more ticks in the same move. This allows me to get in and out at more possible locations.

With the withdrawal, I am back now to 2 concurrent max micro contracts - MNQ or MYM. I can't get much smaller on size! I am not sure what you are saying about points. Are you saying 2 ES points ($100 per day) as the scaling threshold? I do have visions of many sugar plum fairies dancing...

I am a real estate broker in Utah, USA making a decent living. But I had a few slow months right before the wedding, LOL. I trade two to three hours a day and hope to replace my brokerage income in 12 months by following the plan laid out in the first post. Yes the $500 withdrawal was not...

I appreciate the concern. It IS a lot of commission. But it is okay. I planned for it from day one. Read my very first post again? 3 steps forward and 1 back. 3 steps forward and 1 back. Shuffle, shuffle, limping along. I will get there to the ES trading level...

I will reply to previous questions soon. Here are my scalps for the day on NQ. Up over $50 on several shorts. The blue line is the 61.8% retracement of the huge multi-day move down, and a GREAT shortin' spot. But not sticking around too long. This thing could still go to the moon. WHAT A...

Flash announcement. My wife persuaded me to withdraw $500 from the account earlier today. I had just crossed $1700 this morning, so it was not a problem, and AMP had the money in my account within just 4 hours. This is a setback for my scaling goal, but I will try to keep up the recent...

Are you using the File>Import function in the PowerLanguage Editor menu bar? Or perhaps you are using the .Net version? And be sure to use the Compile > All Uncompiled function from the main menu.

Thanks. It's fun thinking about where this can go if I can keep it up and keep my risk under control. I actually don't like using the word "scalp" because I think of HFT, going for 1 to 2 ticks. I like to use the term "fast trades," because I really am going for at least $10 (20 ticks) on the...

Someone in the chatroom I hang out in is trading the orderbook like a madman and killing it. But so far I have not. This is what I do: I just use a fast small range bar HA candle chart with a 50 sma and an ATR "stop and reverse" with an RSI below. My new secret weapon of the last year was...

ES Daily chart. Look at that bullish tail today! WOW

Today was totally a crazy day in the markets. I started with 3 concurrent trades today finally, and I got a few bounces off the lows today. I ended up with my biggest micro day so far at over $100. I knew that the pressure was on the bears to keep going down and assumed correctly that if they...