Search results

Hi Don, Typically, how much of a pull back do you await? For example, do you wait on a pullback that's a percent of the ATR or is the pull back based on 50% fib retracement from the opening trend? Walt

I don't fully buy it... folks such as John Arnold and Paul Tudor Jones were extremely wealthy after a few years... NOW THAT'S A FACT! The bottom line is if you learn properly from the correct sources, then you'll have a short learning curve before becoming extremely profitable. However...

Too funny... You've comically pointed out why it's a waste of time to try to predict where the market will go next, especially within a specific time frame...

Inverse relationship between treasury price and interest rates. This may indicate that the market demands a higher yield on the notes and/or the market is beginning to price in the impact of inflation in the market. Consequently, higher inflation is correlated with higher stock prices. Walt

the other option is to set a a daily tp/sl target of 6/6 or 6/2...this reduces the transaction costs of slippage, bid-ask spread & brokerage fees, as there would only be 1 or 2 trades per day. Personally, I think scalping the ES is very costly and difficult... Walt

I would have an equal weight or favorable risk:reward ratio...

Only if I can accurately predict the "trend" phases vs. the "chop" phases of the market... Since I'm not adept at consistently predicting the change from trend to chop, and visa versa, I could only wait until the market "shows its hand". Of course, the potential problem is that upon showing...

If the market dies during the mid-day hours, then would it not be wise to fade the mid day movements???? Walt

Many traders, especially here on ET, warn against trading the ES, particularly if you are not experienced in trading the s&p e-mini. The reason given for this "warning" is the assertion that it's very "choppy", especially during times of lower volatility. My simple perspective is... why...

That's fine for an option play near earnings as the strke price moves closer to ITM; however, my query is in regards to the expansion of ATR cycle beyond such restrictions. thanks, Walt

I have a specific strategy that is ideal for volatile conditions. It doesn't matter is the instrument is moving up or down, as long as it is moving....

I've come to the realization that volatility = opportunity to make excellent yields... Currrently the VIX is slightly above 24. Does anyone know of a Volatility Scanner/screener for futures/commodities? There are plenty volatility scanners for stocks; however, I've yet to find any for...

That's the Billion Dollar question... there are fundamentals and TA that can be used, some of which have already been discussed. However, the bottom line (IMHO) is consistently applying the laws of statistical probability with proper money mgmt. Beyond that... it's really a guessing game - a...

Why don't you simply enter the trade when the market opens, after the gap has taken place overnight. Fading the gap opening market strategy is one of the more successful and simple ways to trade the market. I believe that's the essence of Don Bright's Opening Order Journal & strategy, as it...

by "piker", do you mean someone who does not or cannot trade with larger contract sizes??

To my understanding, the ES is more choppy because more "black box high frequency trading" occurs in the ES than other derivates. Furthermore, the arbitrage activity to align with the spx option positions in accordance the pit traded positions create an "efficient market" paradigm. Bottom...

I like to start a discussion on comparing our experience with intraday trading the dow e-mini & the s&P e-mini. My focus and comfort level has been with the ES; however, upon retrospect, I believe that trading the "trend wave" with the YM would be easier on a intraday basis. I understand that...

Didn't Paul Rotter make a fortune with a "manual" version of this technique several years ago? I don't think he's in the game anymore, but perhaps someone can shed more light on his strategy... Walt

Hi Jorge, Are you a fade (contraian) trader or more of a trend trader? In either event, I imagine that you attempt to scalp a few ticks per trade, is that correct? How do you manage r:r, is it more like 1:1 or 1:3? thanks again for giving hope... Walt

Thanks for the encouragement... what market(s) do you trade? I've been trying to specialize in the s&p e-mini and the spot forex. Consistency is my biggest challenge. Everytime I think that a favorable "Price Pattern" is observed, without fail the market reminds me that I was just "Fooled by...