Price Action. Please clarify something for me

Discussion in 'Technical Analysis' started by sgsaxton, Mar 28, 2006.

  1. I do have a general question.

    Is it more difficult to trade short on the e-mini S&P 500?

    Is down just the reverse of up or is there some other difference?

    -Stephen
     
    #141     Apr 8, 2006
  2. 1000

    Ninja (for example) accepts data from a number of vendors.

    I think I'm missing your point due to lack of knowledge.

    -Stephen
     
    #142     Apr 8, 2006
  3. 1000

    1000

    This is a multi-faceted question, that I am going to try and breakdown.

    1. Easier to position trade, as opposed to scalping or day trading.

    2. Better to trade the futures as opposed to daily cash.

    3. Better to trade long dated futures as opposed to near term ones (i.e. if you are positioning, give yourself enough time to make the trade profitable by scaling / dollar cost averaging).

    4. It is easier to short now, because we have had about a 3 year bull market, with hardly any significant pull backs, and a few indicators are showing exhaustion. Plus we are going into the summer doldrums and the driving season with possibly record gas prices.
     
    #143     Apr 8, 2006
  4. Thanks.

    I will be day trading futures, eventually.

    -Stephen
     
    #144     Apr 8, 2006
  5. 1000

    I'm distracted by Minority Report (on T.V).

    This is from the Ninja site. I think it is relevant, maybe.


    ___________________________________________________


    Why is the SuperDOM Off From the Data I See in eSignal or TradeStation?
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    Thank you for rating this answer.
    As you select an instrument on the SuperDOM, Ninjatrader will take the first availabe connection supporting realtime market data and market depth for that instrument type.

    Typical scenario: You are connected to your broker (e.g. Patsystems) first and your second connection goes to eSignal.

    Problem: The SuperDOM data could be off from eSignal's, since data from two different data sources is displayed. Your broker most likely will neither provide the same ticks nor the exact same market depth as eSignal does. Also: In times of heavy market activities either your broker or your preferred data feed vendor might be off, which then would be obvious as you can compare to a second source.

    Resolution: Connect to eSignal first and next to your broker. Now the SuperDOM should receive market data and market depth from eSignal, and should be in sync with the eSignal display. Please contact support@ninjatrader.com if you still experience problems.

    Note: Orders you placed would still be routed to your broker.


    ___________________________________________________

    -Stephen
     
    #145     Apr 8, 2006
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    1000

    It's best not to day trade futures. It is not the most profitable thing to do. Better to swing trade.

    You have to ask why you are trading in the first place. If it is to make money, then you have to create a goal and stick to it.
     
    #146     Apr 8, 2006
  7. Thanks. There are different ways and styles in trading.

    -Stephen
     
    #147     Apr 8, 2006
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    1000

    It's probably more confusing than anything. Need to know what exactly you are asking or trying to do + example?

    The answer, while accurate, is not understandable unless you have actually been in that situation and experienced it first hand.
     
    #148     Apr 8, 2006
  9. Yes it is somewhat confusing. VSTscalper is the expert on
    this. I guess the software *normally* takes data from,
    perhaps esignal. The DOM connects to the brokerage????

    I don't need to know this tonight. I have his number. We
    talked. He's a nice guy.

    -Stephen
     
    #149     Apr 8, 2006
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    1000

    The one that drives NT for your account depends on your broker.
     
    #150     Apr 8, 2006