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    What a week

    Why was Friday any different than any other day? Every day in es there's a major bear a major bull a trading range and just about anything else you can think of in between. I trade for a full point. Sometimes you have to get it a tick at a time. I don't like to let any profit run against me. I...
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    Bollinger Bands

    This has been a great thread. My first time I bought when es touched the bottom band. The whole world initiated me into the Bollinger Club by selling. It was like standing under Niagra Falls. So I said, "Well, ok, that doesn't work." and went on my way. That bb site looks interesting. This...
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    Bollinger Bands

    Hey nihaba, You got any use for donchian channels? I know there's some money in there somewhere, but I can't find it. They intrigue me cause they are so darn simple. I only ask because they remind me a lot of BB.
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    Lookin to get started with ES/NQ's

    http://users.lvcm.com/traderguard/download.html
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    Lookin to get started with ES/NQ's

    Nope. I don't have any opinions on any brokers. I swear this is the truth, a friend asked me the name of my broker and I told him the wrong name. I had to go look up the name. I had it written down somewhere. Oh well, I think the broker whose name I accidently gave him is pretty good also.
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    Lookin to get started with ES/NQ's

    The ib is responsible to the FCM for your losses, but if the ib goes broke, your money is with the FCM. So it is the FCM that you need to be sure is solvent. All FCMs are always solvent until one of the principals starts trading with the companies money. So you probably will never know until...
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    Lookin to get started with ES/NQ's

    Junior, it is kind of a moot point, since now everybody is going to integrated software. So, you can use IB as your broker and only pay $5 rt, and then subscribe to your favorite chart service and use their order entry. More and more chart companies are integrating with more and more brokers...
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    Lookin to get started with ES/NQ's

    Yeah, I didn't like it either. I only tried it for about 3 days. I made a heck of a lot of money on it one day when it told me I was flat but I was really short. That's about the only time I ever held a position overnight. If you only have one screen like I do, and you keep your trading...
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    Lookin to get started with ES/NQ's

    The way it works is, there is an FCM (Futures Clearing Merchant). The FCM has several levels of Intoducing Brokers. The more service, the higher the commission. No way should you pay $14. That's for someone who needs a brokers help. You can usually find another ib on down the line who clears...
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    How to know when youre not cut out for this?

    yeah janko, you're screwed up in the head. Trading is 99% thinking right and 1% pushing the right button on the computer. But be encouraged, you can get your head straightened out. I've read Trading in the Zone, but for me a better one was "The Disciplined Trader" same author. When I changed my...
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    "Trade the Mini-Sized ($5) Dow Day at the CBOT"

    Nice try Maria. gee 13,000 contracts in one day! That's more than emini usually trades in a whole five minutes. Too bad cause cbot spent a lot of money getting the DJ liscense. But they have always been more interested in keeping what they have instead of building for the future.
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    ES Spread

    All day long the spread is just one tick. At night it often goes to .50 . That demo screen is not a very accurate portrayal of the market in real time. It's a good idea to run two quote services side by side for comparison purposes. If you ever want to verify your quotes, you can sign up for...
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    How to know when youre not cut out for this?

    Yep that's what I do. When I'm down 20% I take a long break. Maybe eat something and take a nap. Then usually when I start trading again in the afternoon I make it all back.
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    General: Eminis vs. stocks

    500 shares of SPY is 50 times the index. One es (e mini s&p) contract is worth 50 times the index (S&P). So futures es contract is the same as 500 shares of SPY. A lot of people don't like spy because it moves kind of slow. But using leverage in the futures market makes it move a little...
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    Anyone tried joi?

    They claim to have faster internet service for 6.95/mo. I live out in the boonies, no cable. www.joi.com
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    Can we daytrade Futures?

    Now you tell me. And I paid $400 for a certificate which says I am officially an e mini market maker. Plus I got a nifty book and tape which shows the kind of house I can live in and the car I can drive as soon as I master their market makers quck study guide. (By the way, do your livecharts...
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    Can we daytrade Futures?

    Whenever somebody comes up with a bright idea, there's always a naysayer around. I've made an emini market many times. (The only problem is, I had to let it move against me by 2 points before I could finally complete the deal.) I don't call myself a market maker, but sometimes I only make one...
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    Good books for the new mini futures trader?

    I wouldn't want to see anyone start in futures without reading A Complete Guide to the Futures Market by Jack Scwager. I don't know if I've read it, but if I was starting all over I would. Understanding how corn and crude are traded will help you understand the mechanics of the eminis. (My first...
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    Can we daytrade Futures?

    You can trade futures all day and all night as many times as you want. Some platforms like J-trader even have a little button to push which says "Buy the bid Sell the offer." Which is nice work if you can get it. Roughly speaking, every $5,000 dollars in your account can control about $50,000 in...
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    livecharts after hours es?

    I'm using a free intro of livecharts for es. I really like it, but it doesn't have any after hours chart data. I know I have it set right. It worked ok for a few minutes Friday. I was just wondering if paid subscribers were having the same problem.
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