The reason I like the YM is I can monitor the price driver situation on all 30 of the components--- while this could be done with the 500 underlying ES components, I dont' have the computer power or skill set to set it up. surf
Well a few days ago the call from yourself was 1000 points and a moon shot. What you are doing is predicting ahead which is a trading no no in my opinion. As well, I had the impression this price driver stuff was kinda long term, now you seem to be trading intraday. All over the shop. All I'm seeing is inconsistency. Another trading no no. I can't see how this translates to an excellent start?
Huh? I change with the market. I still see 1000 points plus in YM--- but will try to trade the waves there via Price Drivers. Sure, they predict, reacting is too slow nowadays. I don't know how long any trade will last-- could be 1 minute. Could be 1 year. Don't know, don't care.
Yeah, "Huh" is right!!! 1000 points! Even a broken clock is correct twice a day. 1000 points when? Yep it will get there one day and then you'll tell us all how smart you were, oh we of little faith. "Reacting is too slow" - LMAO
I swear we are not Volente, but I already brought up this ES instead of YM back in 2007 in the very same Journal: Now you say this: And I say this: You still could monitor the Dow components, but still trade the ES, since they move in unison. Just an idea from 5 years ago... Good ideas never die! hey, we want you to make MORE money!!!
Surf, when it gets to your '1000 points' the market in order to get there will have chopped to hell on its way and if you don't react appropriately and without the assistance of TA - you will have lost 2000 points in order to gain 1000 points.
quick Q Did you figure out that the DJX.X and the YM both lead the ES as yet or are you still unknowing? You didn't mention it. I was wondering why you were holding back.
It will be more fun to see his exit and then see what the market does. In trading the money velocity of profits IS an important consideration with respect to money as a commodity. Effectiveness and effeciency draw clients. I imagine surf as a finder for fees. He must find some people.
Yes, the firm operates as a finder for fees but I am considering rolling out a unique FOF product over the next 12 months or so. Have everything under one umbrella. the HF business is the best business in the world. surf