while demo trading the es i made 22 trades one day, reached $500+ then lost $200+ and ended the session $600+, trades averaged 3.4mins when i later looked at the 60min chart with the macd displayed i realized i could have just sold and returned at lunchtime to close a $2,000 profit not all days are so trendy and i'm not sure what strategy yet before i begin trading live i'll use particularly at this time of year when the beach, babes and sun beckon, however while the daily ranges during 2008 have been consistently large, the daily ranges during 2007 were quite small in comparison and i wonder how 'you' during 07 traded during daily ranges of only 3 or 4 points
I have a 5 minute printout of every day from a few years and i bet if i went back and checked there would be VERY FEW days where the range was only around 4 or 5 handles. Where you clowns get your ideas is beyond me. The financials started to blow up last year at the beginning of month of June. Thats when the ranges expanded and have been good since. Sure, we have been in never never wonderland for over a year now so get your bacon, this will not last forever. Todays range before i quit, 43 3/, I could teach Spydertrader how to make money in stuff like this. <a href="http://www.sweetim.com/s.asp?im=gen&ref=11" target="_blank"><img src="http://content.sweetim.com/sim/cpie/emoticons/0002006E.gif" border=0 ></a>