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I would be trading futures in a heart beat if the contracts were a fraction of the size. lol The SPY will do for the time benig. Its very liquid and the spread is minimal. Scaling for profit is imperative. If I couldnt scale my edge would be ruined. Since I am discretionary.. I always...

I edited the first post.. I use a 10 min chart not a 5 min chart to determine the trendlines... I use the 5 min chart usually to determine levels to trail my profits. Sorry for the confusion.. the first post has been edited. --MIKE

Be positive.. How about paper trading your new ideas.. and when you have more $ put it to use. Many of the best traders .. have had periods like yours. I also quit trading for a few years in the beginning until I was ready again. --MIKE

Yes of course.. I will show many examples.. and post charts. I usually go back as far as I can on my 10 min chart.. and map out all of the key support and resistance, trendlines before the trading day... Its very basic.. I am pretty sure most non system traders do this.. My personality...

I simply do not believe in moving averages or indicators to make trading decisions... because I believe they are all lagging and all just a derevitive of price and volume. I would rather be soley focusing on price and volume. The only time I ever used indicators was to screen the market...

Throughout the years I have been making a living swing trading.. now its time to give daytrading an honest try. I decided to post this journal because this is where I struggle most and any help would be welcome. I want to document my progress and I know many traders here at Elite are in the...

You are right.. Traders need the decimal points because it just makes the data cleaner especially on the NQ Futures.. because there are 6 digits.. Much easier to look at something like 1214.50 than 121450 all day. --MIKE

Stop bitchin about the lack of 800#... I think esignal more than made it up.. with their very detailed message boards and live rep. --MIKE

Dude what are you talking about? 984.25 * 50 = $49,215.50 Thats the value of one contract. Decimal points should be added to esignal for futures... QCHARTS and Metastock already do this. --MIKE

What does bandwith have to do with adding a decimal point to the chart/quote? My metastock adds decimal points to the eminis. Its purely a software issue? How about adding a function to the program that allows the user to change the way the data is presented.. for example.. we can round of to...

Can esignal allow the user to put decimal points when looking at the futures contracts like the eminis... It would just be much cleaner that way... I know that they get the data w/o decimals.. but why not allow the user the function to do it? I'm sure its not a major programing issue. I'm...

Chuck.. Thanks for your honesty... looking forward to more upgrades

Chuck.. For starters... Why does your development tream continue to work on little cute features instead of really focusing on the major issues... Playback editor & quoteboard are not major issues that should be addressed before upgrading the entire quote page and enhancing chart...

Anyone hear of the Keltner Confirmation collection? http://www.about-online-trading.com/ Any input would be appreciated? --MIKE

bump

dawg.. care for an update? --MIKE

sorry.. I meant the big S&P futures contract.. The one that trades in the pit... Candlesticks would be nice? --MIKE

Can someone post today's 1 min chart of the big S&P contract? I want to see how the 1 min chart looks.. I want to see if it is a bit smoother (less noisier) than the 1 min. eminis chart. thanks, --MIKE

Is PETE legit? Who is this guy? BEWARE!! --MIKE

For example.. The S&P, DOW, NASDAQ rally big time and close at the highs... However.. my basic breakout scans are coming up with no valid breakouts... only a series of breakdowns in the retail sector... So I will look to short retail stocks breaking down... not paying attention to what the...