Gee, I wish I could trade in real-time

[tiddlywinks]

I got a PM asking if trade ES.

The answer is no. ES is fine for for multi-day/week/month swings. For intraday, not for me.

1) 60% of the ES tick is designed for arbitrage. (ES =.25 tick, SP =.10 tick) This also explains the unwritten execution rule sometimes referred to as "trade through".

2) I prefer to be a small-ish fish in a big pond. Not the smallest fish in a big pond.

 

[tiddlywinks]

Quote from satchel:

Why are you yelling in your own thread.

No doji had a great idea about a chart showing some actual stop-outs.
It's clear by the thread title that this is "not about real-time trading".
Carry on.

Just pointing out,
This was YOUR inaugural post in my thread.

Quote from satchel:

It's all very alluring when one is not in the shat-your-pants moment and putting dollars/risk on the line isn't it.

don't have to do a combine, but could post a live call?
otherwise it is all monday-morning-quarterback-armchair-mental-you-know-what-five-ways-to-sunday.

the price action purists get another excuse to have their hindsight charts finery displayed.

meh, if it goes that way.

 

[Trader.Fighter]

I feel ES is an adequate intraday instrument, the problem is the tick size and for that I prefer SPY; better entries better stops, enough liquidity. Taxation is not a concern as I'm M2M
.

 

[tiddlywinks]

Quote from Trader.Fighter:

I feel ES is an adequate intraday instrument, the problem is the tick size and for that I prefer SPY; better entries better stops, enough liquidity. Taxation is not a concern as I'm M2M
.

Nothing like an April 15 surprise!
Strangely, and unfortunately sooo many do not understand those rules.

 

[tobbe]

Quote from tiddlywinks:

Anyway, there is much more to the topic of instrument personality. I hope I answered your question.

Yes, thank you .

 

[tiddlywinks]

DX... 8/5/13
The only indicators you will ever see on any of my charts.

While the money in my pocket still has some perceived value,
its time for Tapas and Sangria.

 

[tiddlywinks]

An excited day for me.
First day of live autotrading!
1 setup on NQ & YM. 1 car per trade.
Ran about 1/2 the day.

My photoshopped SierraChart trade activity logs.

 

[tobbe]

Quote from tiddlywinks:

My photoshopped SierraChart trade activity logs.

Very sweet... Is Sierra Chart your auto trading platform?

 

[tiddlywinks]

DX Daily.
I'm staying out, for now.

 

[tiddlywinks]

YM @15095 is in the middle of the unfilled gap from 7/8/13
NQ LOD @3066.5 ALMOST fills the unfilled gap from 7/30/13.

My definition of gap for this mention is the difference between previous day RTH close and next day RTH open.

Just sayin.
Trade On!