oh yes MrScalper... I too had to learn the same lesson. When I started to trade the E-Mini I was trading like a crack addict! sometimes as much as 20 trades per day, average was about 12 ! Blew that account up pretty fast. STUPID. now I execute 4.5 trades per day and things are much more...
I found it on CME website , so obviously VXST is better for a day trader
The CBOE Short-Term Volatility Index (VXST) and the CBOE Volatility Index® (VIX®) both reflect investors' consensus view of expected stock market volatility. While the VIX measures expectations of 30-day future...
OK I did,,,, alll I see is a VXST that started low and came up to 11 ish.... maybe I am just tired,,, what am I supposed to see,,oh by the way...what is the difference from VIX to VXST??
well I am not a rookie, but I switched from NQ to ES back in 2011. I just looked closely at today's action and to be profitable I would have to set stops too wide for my comfort. I think this is a case of "grass in greener on the other side" syndrome. Like , I think I am missing something...
OH damm, I did not expect to be right this fast... we sure did break thru that 2430 and go test 2416.... HMMM let's see if we break down to 2400 and get a bounce? already ES is down 5 points from the regular session close, I will be watching over night. But today was a gift froom the...
who is trading the NQ? what is it like? I only ask because it appears that Nasdaq is having better daily moves than S&P.... today is an example... S&P down approx 1/2%, but Nasdaq down approx 1.5%...that is 3 times more movement. and today was a big move for s&p.
just looking for yor...
finally, a day with some decent range...21, best range since June 9 (that was the 31 point day) points form high to low..volume on the sept contract at 1,600,000, best volume since June 16. good longs right off the bat, then lots of short opportunities for rest of the day. And the VIX...
think this out.... at 43.43 today... is that the new resistance? remember we cannot wee the future. if you draw a channel such as I did then you can project out into the future that 43.43 might be the newest resistance. and I believe that 42.40 is obviously your new support....
you said it.... in hindsight... the problemo is how do you know those levels are resistance and support... I think you draw the lines diagonal thru the highs and lows you can see a very distinct channell, which would say that the current price is another sell opportunity, see my blue lines
well think of this... I too am a climber, MTB, Hiker.... I know that once I make it to the promised land of Full time trader for all my income, I will have the freedom to say shut down and do no trading for a week or a month to go climbing or do the other stuff. I have a dream to get a motor...
I am trying so hard to be positive for you. Honestly, trading takes massive effort to learn. You gotta put in the time. I am fortunate that I have been in work situations that allowed me to be in Sim for long periods. I study charts, my journal, and read articles on the weekend. I don't want...
OOPS yeah 2440... to me that is what it looks like... either we test 2450 and break it... or what I feel stronger about, is if we break down thru support at 2430, then we go test 2413 which was support around june 6
Turveyd... comon buddy! let's think positive. You can do this! You may have to sacrifice something, like maybe hobbies.... for awhile. I am gonna quote Les Brown.. "if one other person in the whole world has done it, then so can I"
ok I'lll take a stab at this.... looks to me like we broke resistance of 2440 set back on june 21, and found new resistance at 2447 today, okay super obvious. Now what is next? HMMM I say we go higher and test that 2450 level set on June18