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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures

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To: OpusX who wrote (680)	1/4/2001 8:40:23 PM
From: Chip McVickar	Read Replies (1) of 12411

OpusX, I just read something about that very subject, but can't find it. <Nuts> The gist was to follow the ES as the market players were heading in that direction, the electronic direction. Maybe it was Scott? I suggest you ask Patrick and Scott anyway, they know more...! I chart the cash..., all TP's, forks, fibs, and other thingies are worked on the cash. Doesn't matter to me which one trade ES or SP. Same with the Nasdaq. One consideration...., only the E-mini is allowed Real Time on services such as Q.charts....! SP is 10-20 min delayed, you have to sign up for a live quotes and pay the fees. Why are you worried about the 16:14 bar....? Or about the slippage on the 1:15 Fed bar yesterday...? If you were short going into either of those times you got stopped out and gave up some up slippage points. These moves are a part and parcel of the index futures. If you have a $50,000 account and are short 1 mini with a stop in place, you're cool. If your're short 10 with stop your very unhappy. Trading with a $10,000 account and short 1 mini your're unhappy with the slippage. If your 5 short your waisted. Money management to me is more important then Guts or any single bars movement. Chip Note: Yup...Scott: Message 15121602

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