You have got a very good software with your CQG. I have used it when working in investment banks trading rooms. There is a function which allows you to have alarms on the chart when condititions that you define are met (for ex rsi>80 or ma15<ma30...). This has always helped me a lot. You can have a better view of the state of the market.
Man, your chart looks complex! btw. I also have prosuite 2000. Don't use it, don't know for what.. It's a good idea, I'll give it some thought to what indicators might help me!
Sure, it looks complex at first because you don't know what the different colours mean. But, when you know what you are looking at, it allows you to have a complete view of what happens in the market in one second: there are no indicators to check, just colours to watch.
What view does that particular chart give you? Good beginning of the day. up 5 ticks on 5 contracts. That short through the 2200 level was EASY! right before the dax broke the 2700. Quite a vicious bounce right after though!
trendlines are working pretty well for me today. I just have to take care not to use them to lean on, you can't get out when it breaks. up 16 ticks, 40 rt's
yawn, markets are settling down a bit. I have been studying this weekend. The realization came that what I have been missing lately is competition. I am not hungry for money, I am hungry to be the best. I am gonna focus on wanting to be the best and become the hungry leopard.
Now the sentiment is really bad, I figured it would be a good time to make some longer term commitment in the market. I bought a few out of the money july calls on ASML. Options are better than shares for me. you don't have to follow the market so much, your downside is already known (the premium) and the upside is unlimited.
Good luck everybody, I am off today! That nasty stubborness is coming back :-( Seems I gotta work on that one again! High of 25 ticks today, end with just 6 points.
Good morning! Today is going to be a very clean (and profitable) day trading. ifo index coming out at 10 am. Almost a sure short I would say..