Systems, Strategies and Resources for Trading Futures Message Board

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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: Patrick Slevin who wrote (41853)	12/7/2000 8:28:25 AM
From: SE	Read Replies (1) of 44573

4 or 5 years ago they did not have the e-mini. It started with the ES97Z contract. You know I can never tell based on bid or ask size what is going on. The most I have been able to discren is when I see a bid or ask size that is over 150, preferably over 200, the mini is likely to continue through the large bid or large ask. It is like the bid is the floor and once filled, down she goes. Or visa versa. However, it seems to only be a scalp move of a couple points...then it reverses and goes in the proper direction....usually. But not always. I have been messing with paper trading "positionally." I must say I am embarassing myself. I have done three position trades now. I am up 53.50 points booked and short from 70 currently. My largest drawdown was 7 points. I have no method, no plan, no stops, no nothing. Just doing what "feels" right. Sheesh...I should quit this day trading crap and position this thing.

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