I dont disagree with what your saying but your stop is probably larger than my daily loss limit. Those of us trading on a shoestring have very few choices about what and how we trade.
BearBelly, And all others. What is your entry strategy for this? I know the signals are the SMAs popping out and the MACD crosses. But I mean how do you execute your entry? You can't always just enter based on the SMA or it will sometimes turn on you pretty quickly, at least it seems to on me. BB - what is your daily goal for the YM?
Economies of scale, old chap. And to the chap who inquired as to the stop i'm using, it's up to 30 points (or $3 if you measure it that way). Often you'll know if it's not working before 30 points is reached, as the MACD signals & entry pattern will have gone pear shaped. I'm not suggesting that everyone should now use 10/60 minute charts, or that it is suitable for everyone, or indeed for their account size. All i'm offering is what works for me, as an adaption of the original material by T28. One of the biggest struggles in trading is finding what works for you emotionally, as an individual. Until you can sufficiently control your emotions of greed & fear, being consistently profitable is going to be a decidedly difficult endeavour.
does anyone know the current contract size for er2 right now? How much do you have to have in your account for one contract..
Hmm... $100 per point ? That's pretty big. FTSE ftrs are £10 pp, Eurostoxx50 only â¬10 pp. Pretty easy to be down a couple of k on a smallish move then.