[TRADEZILLA]

Tradezilla,
Actually, that's a very good idea; to trade the pre-market hours on the major report days. I do notice that in general, there's a lot less whip action during those hours.

[phantom]

Originally Posted by TRADEZILLA »

Phantom,
I'll definitely check out the grains too.. There are several to choose from, which one do you recommend I begin with? I'll paper trade it on my tradestation simulator to get a feel for it.. I believe there's mini soy, wheat and corn on TS.

Thx,
Tradezilla

I like the bean market. Its not uncommon for this market to have a 15-20 cent range intraday and each 1 cent move yields $50.

Also, if you are fortunate enough to catch a trending move, "Katie bar the door," because you're looking at thousands in prospective profits.

[phantom]

Originally Posted by TRADEZILLA »

Tradezilla,
Actually, that's a very good idea; to trade the pre-market hours on the major report days. I do notice that in general, there's a lot less whip action during those hours.

The moniker is Phantom, not Tradezilla, but I know what you meant.

[TRADEZILLA]

I'll check it out..Thx!

[TRADEZILLA]

Any new war stories trading the opening bell from anyone? I'd love to hear them.. Horace, how has your morning trades been?

[dpdez]

Hi,

Re. Emini

I often trade the open using a custom indicator called "Better Pro Am", written for tradestation, but also available on NinjaTrader and Multicharts.

The way the scalp works is straightforward: the indicator Better Pro Am marks out those tick bars where the average no of contracts traded is high - indicating 'professionals' or 'bigger players' are taking early positions and trying to push the market in a certain direction.

The entry is then a break higher or lower of that professional bar. I usually target 2 points. This gets some profit up on the board before the major directional move of the day takes shape after the open is complete.

If this sounds interesting, then have a look at the website below of the guy who designed the indicators. They are very useful.

Emini Trading – How the Emini-Watch.com Methodology is Different


Hope this is helpful.