Great post eminimouse! And thanks for the suggestions! I'm currently working on exporting the trades from my platform to excel to be able to objectively evaluate my strategy.
Gurucandidate, you're one of the very few posters on this thread that understand what's involved in VST trading and what I'm trying to accomplish.
The ER is thin, spiky and getting worse to handle as the CME does everything possible to suck liquidity out of that symbol. The ES is by far choppiest and persistently sideways symbol. You are trying to scalp two opposite extremes, each moves differently and both are toughest in their own right. * I'll make a suggestion which I hope you'll seriously heed: trade the NQ If you insist on VST scalping for whatever reason(s), the NQ makes straightline breakout moves which should be very visible to you. If you decide to trade for handles at any time, the NQ is most trendy and straightline of all eminis. ER2 is tougher now than ever before, and it will get worse. ES is what it is. You will make more money in the NQ with less effort, especially so when you focus on a single symbol and not divided attention at warp speeds. Hope this helps
Thanks for a suggestion austinp. I used to trade primarily ER2 and I'm aware of the liquidity issues associated with it. I stated earlier that I will not be trading trading it anymore. Well, even though I did a few trades on it today (all winners btw), the truth is that over 90% of my activity today came from ES. I didn't completely rule out getting involved with NQ, even though I didn't like it when I tried it a couple of weeks ago.
<i>""the CME does everything possible to suck liquidity out of that symbol." How so? Why? ETU</i> http://www.cmegroup.com/education/modules/choices.html Email blast from CME... just part of the effort to work on steering ER2 volume away from pending ICE competition into its own similar products.