Intuition

Quote from Cutten:

Moneymoneymoney, if you are trading short term intraday, using a software front end with no static market depth window is equivalent to giving money away. Quit using PATS and try a good scalping front end like Xtrader instead, it will easily pay for itself with your size and daily P&L target.

You are also paying way too much in commissions - you should be looking for $2-3 per round turn if you do any kind of volume.
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Thank you for the idea. If I plan on trading the emini next year I'll look into Xtrader. If I go forward and trade it next year I would expect to do 500-600 r/t's per-month.
 
Quote from peterfigliozzi:

moneyman, do you ever trade support & resistance; if so, any tips for us?
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My decisions are based on instinct. I keep track of yesterday's high, low, and close to give me some idea of where we are today compared to yesterday. I tried support and resistance trading a few years ago using pivot points and chart patterns. I lost money so I gave up on it.
 
Quote from moneymoneymoney:



Thank you for the idea. If I plan on trading the emini next year I'll look into Xtrader. If I go forward and trade it next year I would expect to do 500-600 r/t's per-month.
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Do you use J-trader right now?
 
Quote from moneymoneymoney:



I must have a hybrid of J Trader. My screen says Pats System and doesn't look like the J-Trader screens.
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Maybe it's some piece of software patsystems developed for refco. I didn't understand why you couldn't enter limit orders instantly. With j-trader that should be no problem.
 
Exit short 1053.00

I put in a limit order to exit because the market traded up to 1054. I expected immediate downturn and it didn't happen so I just wanted to exit when it weaked a bit.
 
Thoughts

Trading using 5 min. bars was a bust yesterday. I couldn't develop any market feel at all. Today I'll be switching to 2 min. bars. Since the bond market closes early I'll only look for trades for a couple of hours. I'm going to skip trading on Friday with it being a short session.
 
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