Question on trading E-mini

the market sucks today , I was in the room it's best to post your trades there I am done here. Not a very bad entry, guess you are just out of luck.
 
stopped out at 1122.25

Stupid trade against the long-term trend. This market is so bearish right now I don't know if it makes sense to trade long at all. :mad:
 
forget it whatayya doin? it's going straight down the toilet, never stand in front of a freight train with the eminis... Lots of traders probably got caught trying to catch a reversal here and they are getting killed and have to exit.
 
stopped at 1123 for .75 loss

i'm paper trading off the SPY b/c my feed from IB doesn't start till tomorrow when i'll start on the ES. Very strong support at 1120. Check out the lows for the past week.
 
Originally posted by savage
If anyone here actively daytrades the ES and is on Instant Messenger (AOL or Yahoo), I'd like to correspond during the trading day to bounce ideas off of.
More...

go to paltalk, click business and investment catagory, look for
-es{Woodie}nq room, live trade free of course.
 
** savage,

nice chart, what software?
anyway did you seriously think about placing a trade there? I hate to trade this time of day, you can see that you could have been chopped up several times in this last hour broadening formation that had a 4 point range. I think the 1st hour is better because the moves are faster, you are right or wrong immediately. As for a one point daily objective , it's not that easy even ONE point. The difference with the SPY is the leverage, each little wiggle can really be painful to watch when you have a position in ES, so you enter the 5'trend on a nice pullback and two minutes later youre down 1.5 point oops! what do you do you? do you just wait? I think that once you know to enter before the obvious has been seen by everybody, you can almost always get out of a bad trade even or up a few tick if you just wait but it can be nervewracking depending on your size I guess. But you can get there only with experience **

Sorry, I didn't answer your question earlier. The chart is from FutureSource. (www.futuresource.com) I think the new CME package offers their charts with the Globex quotes.
 
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