Es Daytrading

Discussion in 'Index Futures' started by EMC2Trader, Jul 12, 2008.

  1. Since I am new to this forum, I wanted to mention a few introductory things, and Ill try to be brief. I am a passionate trader just like many of you here. I have no idea if everyone here is an experienced trader, successful trader, just starting out, trying to learn new ideas, trying to hear about other approaches, etc.

    In browsing the forums, my sense is this a place for traders to help traders, and that’s what Ill be trying to do here.

    I will state one time that I trade the ES using an approach called E=MC2.

    The trading approach is a complete trading framework that combines (1) Multiple Timeframe Analysis (2) Volume (3) Big Picture Market Structure to select High Probability trade setups on the ES over and over again. E=MC2 provides for: (1) Defining Market Structure (2) Entry (3) Stop Placement and Adjustment (4)-Exits-(5) Trade Management.

    Based on a lot of the information I will share here, I do track every trade for the approach and therefore maintain a continuing track record of performance.

    Regardless of this approach, I hope this thread will be a place to provide and share valuable, and interesting ES information.

    I am happy to answer any questions you may have, but I am here to (1) Hopefully mention some things that may be of interest to those who follow the ES market (2) Discuss any and all areas of trading (3) Continue to meet other interesting traders around the world. (4) Offer my little perspective on the ES market (5) Listen to other peoples perspectives as well.

    Simply, put I am no different from most of you in that I have a passion for trading. I have been around long enough, and have seen much of what is out there, and quite frankly, I have made many of the mistakes that most traders unfortunately make at some point in their trading efforts.

    Also, the way I look to trade is by no means the only way to trade. There are so many styles and ways to do this, and no one style or approach is necessarily better or worse than any other.

    In the end, it is my opinion, that you simply need some type of a solid plan that you have the confidence to follow on a consistent basis, and the discipline to execute it.

    Without a solid trading plan, good discipline becomes almost impossible. With a solid plan, discipline is still very hard because you must maintain confidence to stick with your plan through losing trades.

    No one ever discusses how even a “proper” small losing trade can shake confidence in an otherwise very sound trading approach. Anyway, I’m getting way ahead of myself here.

    I’ll begin some posts regarding the way I look at some of the bigger picture issues in the ES market that hopefully will be of some interest, and then continue to share some of my thoughts on what’s going on in the ES market on an ongoing basis, and of course respond to any questions/comments along the way, and truly, my only hope is for everyone to do well in their trading, no matter what style, or approach they use.