I agree. Trading should be boring in a way to where it "doesn't" get your adrenaline pumping. This is done through correct position sizing for your account size. Position size should be set at a level to where you don't have to hesitate when taking a trade. Trading too large of size causes fear in traders, and fear equals losses in the long run. PS.- Nice to see other bond traders. I see this as a sign you have been trading for some time and you know how to trade.
from frank-london: "The EC, ER2,BP, YM all have alot more daily range and intra day swings. " Also, don't forget CL. It is great for scalping. It bounces around more then ER2. I am a scalper in CL (in fact I started a thread under Energy Futures called: Some Observations on Scalping Crude) and I am migrating back and forth between ER2 and CL depending on where the higher tension is. Regards, GC
this was just posted in another forum http://www.youtube.com/watch?v=BtJ2BZ2vCm0 and i thoght it would be relevent here its kind of hard to see though
frank_london, can you please PM about about to access to $2.60 rt on bonds for the retail trader?.... Thank you, B.
Sorry I missed this. I was in Chicago just after thiswas posted. I trade the ES and I use the YM and INDU which lead the ES during "end effects" MODE. During the continue mode it does not matter since during all of continue I am just piling up profits for price change. Later in 2007, the journals will move to expert and then all of this will be taken up in detail.
To best understand making money using leading indicators at turns, it is a good idea to make comstasias of the platform your are trading on. today it is necessary to have several platforms and several codied additions to see what is going on. If you do not have anything to see or the automated treading software, it is not possible to "see" anything. Once you have these things then the data base keeps a record of the market operations. There is no controversy when the market is seen. There is a lot of contraversary coming from people who do not have trading displays and software that works for seeing the markets. At some point there is a consideration of how trading is done. Most people who do not get or understand what is on the table use price to trade and they are oriented to probabilitiy considerations as well. On the other hand people who use our approach are using time to trade. We look at the lead time and the persistance of the signals. Raw data is used and not snapshots it turns out.
What is best toconsider is using charts to make money. There is a big difference between being "right" and being rich. To be rich you make the market, which is always right, work for you be being able to see what the market is saying. It is also a wise idea to display what is going on and the have that totally backed by software. Proving that you are not seeing what the timing of trading is, is not very important. What is important is to get on the right track to take all that the market offers.
Luckily, there is an alternative to your viewpoint. The relationships are measurable and they demonstrate a sequential relationship. It is like the second hand of a clock counting off the time in a very standard manner. We see it. We use it. We extract the profits. you do not agree. That is just the way it is.
We use streaming data. That is not a snap shot. And I do agree that we have a way of calc ing the tails on the dist of the streaming in very short periods.