The E-Mini Pit
If you currently trade, or are interested in learning to trade, the CME E-Minis, this thread is for you. As opposed to just another market direction discussion thread, our focus here will be on providing a traders resource of specific information on the E-Minis, including discussions of brokers, trading platforms, order types, trading methodologies, money management techniques, futures-specific tax issues, etc. In addition, feel free to post your trades if you like, but please include your reasoning, so we can all learn. Links to charts, articles, seminars, and other message boards dealing with E-Minis or futures trading are encouraged. Also, please check this original post from time to time to see any new links we post here and to check out The Post of the Day, which will be selected from daily contributions to the board.
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A Few Thread Guidelines:
This is a moderated thread, so please respect these few posting guidelines:
1. Please stay on topic. If you want to discuss corn, beans, or stocks, there are lots of other threads for those.
2. Please no bashing, profanity, or boasting of your fabulous trading prowess. Show respect for the folks who wish to post here. Help out the new folks who want to learn.
3. If posting trades or market predictions, please tell us why you are taking that position.
4. Have fun, and help us make this board a valuable resource to Futures Traders.
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POST OF THE DAY:
Message #70 from booters at Jan 21, 2002 3:32 PM (edited)
I try each zone once and that is it. I am looking for a reaction or path through that zone that I am prepared to deal with. If the market heads through my zone following that path then fine. If it does not then I let it go.
If the market enters the zone and moves correctly then the move will be manageable and under a vast majority of circumstances will be profitable. If the market enters the zone and does not move correctly then I am not interested.
If I go bird hunting I will set up in the field where I think I have a good kill zone. If the bird flies into my kill zone from the proper angle I will aim and shoot and most of the time I will make a kill. If I do not hit the bird on the first shot I do not try again. The chances of success are far less by that time. I know another bird will be along soon.
If the bird is not in my kill zone I do not run across the field and try to shoot from another area. That would be dangerous. If the bird enters my zone from the wrong direction I do not follow it because that would also be dangerous. I have a zone, and rules for my zone, and in my zone I am very successful.
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Key Links for E-Mini Traders:
E-Mini Contract Specifications:
cme.com
E-Mini FAQ: cme.com
Register for Free E-Mini Real-Time Quotes:
realtime.barchart.com
E-Mini Charts (Delayed): futuresource.com
Information on Futures Brokers: elitetrader.com
Futures Trading Free Seminars: zapfutures.com
NFA Home Page: nfa.futures.org
Louis Lambrecht's Pivot Lines Spreadsheet: lvlamb.itgo.com
Tax Site for Investors and Traders: board.fairmark.com
CME 2002 Holiday Calendar: cme.com |
