That is a little too much I think. Good if it works for you, though. I tend to like to really focus and specialize to zoom into one particular issue. I don't believe you can seriously watch more than one. I do look at correlation - But not to that extent! How well do you understand correlation? Do you you know how the ZB, CAD for example affect the US indexes? I don't. But if you do - Enlighten me. It's always interesting to learn something new - Particularly how other traders trade. What's your style? Are you trend-oriented? Reversals? Do you trade retracements? Breakouts? Both? What's your timeframe and what charts are you looking at? I suppose if you're looking at that many issues, you're probably not looking at 1&3l-min charts like me? Cheers Brother, ~Scientist
OK, folks - That's it for me today! I'll just have a quick look if there's anything interesting and then be off. I probably won't be very active on ET for a few days, so I see you people then... Fast_Trader, switch on your Y! messenger so we can talk about today's trading and that eSignal setup I sent you CU Folks, ~Scientist
To be true I don't feel like spilling the whole theory now, since I'm not in the mood to go through all that. I'd rather you guys crack me up In short. There are two things 1. It has to do with the relation between different indices futures especially ES, NQ and YM. If you take a good look, you can recognize which one is leading. It depends which industry has more weight that day, or more accuratly, that moment (high-tech, manufacturing, travel, etc.). On many days (if not most) you will notice that one may lead the down moves and another leads the up moves. 2. The other is money flow. Money resides somewhere all the time. Stocks, commodities, currencies, bonds, etc. Following the money flow you can try and predict which market will go up or down.... We can discuss it more some other time... TM Trader
In a narrow market, when prices are not getting anywhere to speak of but move in a narrow range, there is no sense in trying to anticipate what next big movement is going to be - up or down. Jesse Livermore