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While I agree 'scaling up' to size (over time) benefits the trader immensely (from a purely P & L standpoint), this isn't what Callmate was doing. She chose to trade 12 contracts (something she does not do with real money) and then scale out of a trade after reaching certain profit points. Jack...

Hey Oddiduro. You might post this over in the Futures Thread (and Software for Hershey method) as well. Some of the folks who may have once followed this thread may have moved over to futures exclusively. They might still have a copy on their machines. - Spydertrader

Because I viewed it as going from a Point One to a Point Two, and then, I would need to see a Point Three to form my down Channel. Once the Pennant formed on the next bar, and having already anticipated a Point Three Down channel, I then anticiapted a Break Out to the Down side. The Pennant...

Nice results on your trades. However, when you have real money in the market, do you trade the same way? If not, start using the simulator in an effort to simulate (as close as possible) actual trades you'd take, at the appropriate contract size you'd use. Otherwise, you'll not have your...

After rolling to The March contract, I had to alter my STR-SQU by 2 points before the market opened. Once the market opened, I waited for a brief 'calm' moment to readjust. - Spydertrader

A trader may or may not find Carryover Channels useful depending on the current day Price Action. Should a Point Three form within the first several bars of the trading day, one could then eliminate the Carryover Channel. As such, neither contract change, nor specific day of the week plays as...

Today's (12-13-2007) ES Chart - Spydertrader

I have already moved to ES08H and YM08H as of this morning. - Spydertrader

Thursday Dry Up ASIA BCSI BTJ DSX EGLE EMS EXM GLNG GRA GRRF HMIN JRJC KMGB LPHI MEA PRXI QMAR SKX SSRX TASR TSL VSR XING YTEC - Spydertrader

12-12-2007 ES Chart - Spydertrader

The movement of the Price Bar itself tells you - no different than Time and Sales can tell you. In time, one begins to 'see' - in the movement of the ES Price Bar what the finer tools have to be telling you. This isn't something someone can point out to you, and you say, "Oh! There it is!" Your...

http://www.tickdata.com/ - Spydertrader

"All things being equal," you correctly calculated the offset values based on our discussion yesterday. However, the first bar of the day created an environment where things developed in a decidedly unequal fashion - creating a large gap up at this morning's open. When such an event occurs, one...

Wednesday Dry Up BCSI BPHX BTJ CMED DBTK EGLE EMS ENG GLNG GRRF HMIN MEA MTOX PRXI QMAR SFLY STAR TASR TSL VSR YTEC - Spydertrader

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1711005>

I use the close of the 15:58 YM Bar to coincide with the close of the INDU. I picked this bar time in order to avoid any small changes in Price which might occur on the opening print of the 16:00 YM Bar. Using the same 'time' for each the YM and the INDU closes, reduces the opportunity for...

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Post Announcement .... <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1710690>

Zoom of Announcement Price Action ... <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1710687>

Pre- announcement ... <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1710692>