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Hello,
I think the best thing you can do is to not limit yourself to one market. When I trade, I keep up a 5 minute chart of all 4 markets, the emini S&P, emini Nasdaq, mini Dow an Emini Russell. I use the same time frame for each chart and the exact same chart setup. I use simple candlestick charting and only use a volume indicator. Since these markets generally move in the same direction, I look for one market to be the leader and watch to see which ones follow. I do this to help determine trend reversals and can generally find two or three of these trades per day. |
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I recently started the ER2. I must say I like it very much. Its definitely good to expand once you are comfortable with one market. This way you can squeeze out more opportunities. I traded YM strictly but with the ER2 now, I can simply switch when the YM is dull... which has been the case this month.