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11/06/2002 This market is wild, but it happens every once in awhile. Since my system had been losing consistently on it’s first trade lately, I decided to wait and try to get a better fill on the initial trade. I held until 911 but the market only came to 911.25 so I didn’t chase it...

I have 911.25 as well for the first touchdown on the December ES emini contract. Maybe one of our quote services is off? I use Qcharts, maybe that's the problem.

Are you talking about after the fed announcement? I had slow fills too, luckily I came out ahead a couple points because of it though. My stop limits residing on Globex filled just fine.

Yes, I did. I was going to stay away, but wanted to make a quick 10 points today on a pop. I should've went to the Casino and played Craps for 5 hours, it would've been cheaper and more fun. No more news trading for me. I believe I lost around $2,300 in 10 seconds. This is one example...

Ouch, that was kind of like who wants to be a millionaire when the audience is wrong. I think everybody was short going into that announcement (including me:mad: ).

Speaking of pivots, notice how todays pivot at around 911.50 stopped the morning freefall and is now support for the listless market.

So with all this recent good news, woudn't this be the time for the big guys to start unloading positions? Sell the news. :)

Missed my entry by 1 tick :(

I'm going to skip the first trade, but enter if I can get an entry around 910-911 going long. I'm going to two contracts for today.

Actually I put my stops 2 points beyond the pivot, so 914.50. The problem was I nudged my stop closer after the first spike failed, and went long at 913.25 on the next attempt. I should've left the stop at 914.50, but I was being aggressive and broke the rules. I didn't think it mattered...

My stops are based on S/R so they can get wide sometimes. They average 4-10 points normally. It's almost like a daily swing trading system, but its all intraday. I try to catch the bulk of a good daily move, and need wide stops to do it. I tighten the stops as the trade progresses, and don't...

Today I wish it was paper trading, but it's 100% real. The system has proven itself consistently so I'm not too worried. I always think this is the end of the line for the system, but it always comes back. I'll be raiding Grandma's IRA if this keeps up though. :)

11/05/2002 This market is very schizophrenic lately, and I’m consistently losing on my first trade, which looks for follow through from the previous day. Unfortunately today my second trade didn’t bail me out, so I quit for the day. I take two losses and call it quits. This keeps my...

30% x 100 = 30 10% x 240 = 24 10% x (30) = (3) 50% x (100) = (50) Total = 1

I'm beginning to think your right. My system has such wide stops and lets large profits ride, so it's very hard to follow mentally. I can do it, just not consistent yet.

Hi Larry, I don't use Keltner channels. I probably referred to the price range I try to enter on the first trade as a channel? Good luck today. :)

Not sure when they started offering Market depth for Globex? Def from IB can probably answer that. The emini's are an awesome trading vehicle, and even with the .25 minimum tick, you can make money on one tick with a decent broker. Just seeing the success of the emini's shows that all...

I'll definately vote for reducing the minimum tick. I haven't found an edge in using the market depth with the mini's, other than to know there's plenty of liquidity for me to get in and out all day long. What did the author suggest was the advantage, other than moving big size around?

I use IB and can see 5 levels of market depth on Globex. Don't use it though for anything more than the calming hypnotic effect it has on me after a losing day.

Looking to get short in the AM at 909 to 907 on the ES. It depends on what happens though. I can't imagine too much downside potential with that big channel directly beneath, but it could crash right through. Look to turn it around beyond the pivot of 912.50 if necessary.