If You Can Draw A Straight Line . . .

[Gringo]

Lots of people showed up for a chat today. Market was a bit choppy and tricky so there was ample room for conflicting opinion.

Thanks Niko for the initiative.

Gringo

 

[niko]

Quote from Gringo:

Lots of people showed up for a chat today. Market was a bit choppy and tricky so there was ample room for conflicting opinion.

Thanks Niko for the initiative.

Gringo

You are welcome, thanks for showing up.

 

[Gringo]

Quote from niko:
You are welcome, thanks for showing up.

I might have talked the most

Gringo

 

[masterm1ne]

Quote from dbphoenix:

The ES is traded by every professional on the planet.... As for the difference in the tick value, this evaporates once one gets beyond trading one contract.

I agree with all of your points.

However, I don't see methodical & predictable movements in other commodities like I do in ES. ES seems to honor trend lines and S/R levels more so than other markets. I guess the YM/NQ are pretty good too, but RLM over the last few months would have driven me crazy.

ES also fits my personality, on a 2000 tick chart time I have enough time to react and it doesn't move so sharply like I've seen crude or others.

Would you recommend anything other then NQ? I agree NQ appears more trendy than ES which might make it easier to make $.

 

[slugar]

I agree with the statement about chop I took the short at 833 because it failed at the last swing high but my profit didn' last long!

 

[dbphoenix]

Quote from masterm1ne:

Would you recommend anything other then NQ? I agree NQ appears more trendy than ES which might make it easier to make $.

I recommend whatever enables the trader to reach his goals. I don't know what your goals are, but you appear to have been at this for at least four years and you have not yet reached those goals. So the question of whether or not the ES is the most appropriate instrument begs to be asked.

 

[eminiman414]

Can you trade EOD the same way you day trade? Would something like the first retrace after a sl/dl break be viable on a daily chart?

 

[fortydraws]

Quote from niko:

Did anyone take the long at the open?

This was the best I could do. Now, guess where I got out.

 

[fortydraws]

Quote from niko:

Just in case someone wants to join during the trading day http://stinto.net/en/chat.htm?refId=srtz5#

I don't think I'd be very good company while I'm trading. But someday, I may be able to talk, trade, and chew gum at the same time

 

[fortydraws]

Quote from Gringo:

Lots of people showed up for a chat today.

_____________________________________

so there was ample room for conflicting opinion.

That would be exactly what I would be worried about in a chat environment. I would not want to be in a situation where I might be influenced by anything other that what I am seeing and interpreting for myself.