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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: F Robert Simms who wrote (39908)	11/9/1999 5:50:00 PM
From: Matthew L. Jones	Read Replies (2) \| Respond to of 44573

Still paper trading. My funds should post my futures brokerage tomorrow so I should be able to trade real money on Thursday! The paper trading has been going well. After 12 fully documented trading days, I have averaged 9.36 R/T per day for a net gain of $1,120.91. I am averaging 75% winning trades and 25% losers (break even trades I count as losers). I am averaging 25.23 points per day. The whole thing is based on trading one contract, long and short. I am stoked about trading the S&P's. So predictable compared to trading momentum stocks. I love it. My system is simple and seems to work. I am looking for a "tool" for my arsenal. I need to be able to figure out when we are going to "range trade" so I can play for the 2-3 point moves and close at the extremes in stead of getting stopped out giving back nearly all of my gains. For example, when the futures are going to trade between 71 and 74 for half the day, I would trade backwards (buy the 71 and sell the 74) in stead of trading the breakouts, following the trends. Is there some indicator that will tell me that there is not enough oomph in a move to follow through? I've been noticing that VIX.X has been camped out at 22-23 for days now. It seems like when it gets to around 24-25 the trends seem to be more "real". Is there anything to this? I'm open to any ideas you may have. Thanks, Matt