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Leaving money on the table, if you fret about it, will drive you nuts. You should be keeping track of all your trades, whatever your methodology and you should have a very good idea of how many times your target is exceeded and by how much. If you are leaving money on the table more than half...

Another nice post. Do you guys trading Dax make most of your money before the US markets open, while it is opening or after it opens? I havent paid much attention to the DAX or ESTX50 after the market here opens. Maybe I should. ES is harder to trade, no doubt. I only make a dozen trades a week...

Why dont you trade this strategy for awhile and see what happens. The decision of when to close one or the other is subject to the same risks as any normal trade with twice the commissions. Please start another thread and keep us posted.

Jeez why didnt I think of that. Arbing is so easy.

LOL. Very apt analogy.

You can trade ES with an account of $2000 at Interactivebrokers.com. I really think this is a good introduction to trading as long as you can afford to lose the $3000. Once you get an idea how easy it is to lose $3000 you might be able to get a true perspective on things.

LOL. The way I put it it sounded like I knew what I was talking about. The truth is the first couple of times I tried to trade DAX I took a nasty hit and when I jumped over to ESTX50 I did well from the gitgo. I really didnt trade them enough to be giving advice. Sorry.

Seems to me like it might open up some interesting possibilities with options.

The shorter the time frame the more difficult to trade and ES is the most difficult of all yet half the posts on ET are about scalping ES! The people out there hyping the eminis are certainly doing their job well. I traded DAX and ESTX50 for awhile and liked them very much but I found it much...

Could you comment on what you have seen so far on the correlation between DAX and SP500 after the US market opens.

I should have deleted that post. I have a bad habit of not reading original posts carefully and my answers are offtrack. I only trade futures and the poster does not specify what hes trading. I have never traded stocks with IB and so I dont know how it functions with these. I have done some...

All you really need is TWS and a good connection. If you want a chart there are several that work off IB data. Im sure there are others but I cant comment on them as this is the only thing I have ever used and have never seen any reason to switch.

You can certainly make a nice living on 1 pt a day. My goal is 2 pts a week!

Having watched Amt trade a couple of times Im sure just as he added on the way up he scaled out on the way down. The market got all the way back to his starting point I think.

I dont think there is anything out there that will prepare you for trading other than hooking up with someone who knows what they are doing. I think papertrading is an effective tool AFTER you have at least a little bit of experience. Reading is, for the most part, a waste of time, imo. If you...

I keep telling myself not to get involved but I have this Dudley-Do-Right complex. I would really like to help. The problem is that its like giving advice to a teenager about life. They are not going to pay any attention. The lure of trading is almost impossible to resist. You can make a lot of...

Im not a know-it-all. Far from it. But this question is pretty naive. How can you trade without being aware of the different time frames and their interconnection? I trade off a 1 minute chart but I know , going in, whats been going on the last few days, the last few hours and the last few...

He didnt really die bud. He's an actor. Still acting last I heard.

How can you not be aware of multiple time frames? If you follow the market even a little you must be aware of the daily trend. If you watch it daily then youre aware of the 60 and 15 min time frames approximately. If you are not aware of any of these then you have no business trading.