In the morning, I really only had 2 viable candidates in stocks. I traded one of them, for a small loss, but managed to trade my way out of most of it. I don’t really recommend that beginners try to do that, especially if you are feeling bad about the loss. But, I wasn’t feeling bad…. I was feeling like I was born to make money. :-) Don’t know why… don’t care why. Just did.
So, after mostly breaking even after 3 stock trades, I went on to futures and ended the day up +2 ES points. I know that’s not much, but I do feel pretty happy about it. I had 2 or 3 other trades that didn’t fill at the price I wanted, and they would have been winners. I just don’t have the confidence I need to go ahead and jump in at the market… I’d apparently rather sit on the sidelines hoping for 1 tick better entry. hrm…
Anyway… as you can see in the video, I’m still experimenting with trend channels… due to time constraints, I wasn’t able to show anything in detail. Maybe tomorrow I will just pick one trade and explain it completely and fully.
October 23rd, 2007 at 7:33 pm
Hey richard.. Canadian eh :)
I like your indicators and I am also an avid emini day trader.. just testing out all these older indicators and haven’t had much luck. Where did you get your indicators.. i’d love to try them out.. my target is $100 a day so ur indicators seem to have the most positive entry signals and so on.. let me know where I can get my hand on trend channel and the market bottom and tops.. and whatever else you use.
October 23rd, 2007 at 9:16 pm
Nearly all of my main indicators come from eotpro. Check ‘em out! On their blog you can see daily videos of their ES trading. It’s not uncommon for them to make more like $300 to $500 a day trading just 1 contract. And, it’s completely on-the-level as you can see them trading it in their live room.
I’ve only been trading the e-minis for about a month, but I think I’m getting the hang of it. We’ll see!
October 23rd, 2007 at 10:56 pm
wow, thanks for the link! props :)