[thalestrader]

Originally Posted by forrestang »

Jeez, that was rough.

I'm shaking it off and staying long Jets.

Best Wishes,

Thales

[thalestrader]

Hi Folks,

A week or so ago I shared John Hill's Ultimate Trading Guide as the weekend reading. I came across this interview with John Hill from TA of S&C Magazine.
Sorry for the highlights - someone sent me this artcile and that is how I received it.


Best Wishes,

Thales

[Kiwi]

He's a smart guy, John Hill.

[thalestrader]

Hi folks,

Not trading yet, but I am getting warmed up. Here is the currecnt GBPUSD and EURUSD. The EURUSD chart looks different becasue it is from a metatrader demo account I quickly opened just now - for some reason I am not getting data for the EURUSD through Ninjatrader right now, and I have not been able to connect to fxcm either.

Anyhow, I'm showing short here, but either of these are free to go long as well. As I said, I'm just geting warmed up.

Best Wishes,

Thales

[thalestrader]

Originally Posted by thalestrader »

I'm showing short here, but either of these are free to go long as well.

..., and long it is, at least for now. Looks like after a few weeks holiday break, we are back to US Dollar selling Monday's, which for the last few months has meant big Monday rallies in the US equity markets as well.

Ninjatrader is up and running properly now, as is fxcm.

Best Wishes,

Thales

[thalestrader]

Originally Posted by Rashid_G »

Hello Thales and everyone...

Very nice thread!... After swing trading stocks and doing well in 2008 decided to "simplify" by trading futures.. Picked ES of course.. Suffered badly.. Moved to NQ.. flat-lining for now but the whipsaws, particularly in ES have so eroded my confidence I wonder if I can ever rebuild my account.. I have always thought to find movement reliability before everything else, risk included. I see some here trading sub-$500 accounts??? Is currency movement dependable enough not to be assuming ridiculous levels of risk??? I have looked at E7, 6B, 6E, and 6A and they do "seem" to backwash (borrowed from a trader at ET.. ;-)) ) less than ES, particularly 6A... traded 6A this week (1k acct) and did just fine, beginners luck maybe but was terrified!

Surely I will have to pay my dues in screen time but any comments on the comparable risks in ES/NQ to currencies and others greatly appreciated..

The small accounts you see are trading spot retail forex through a bucket shop, so the risk/tick can be as low as $0.10 (one US dime). I have not traded the mini-currency futures contracts, but I would have questions concerning the liquidity there.

As far as ES/NQ compared to the currency futures, there are many charts of each in this thread (though currencies do predominate). You will have to watch both and decide for yourself which if either will get you where you want to go.

Best Wishes,

Thales

[thalestrader]

Current look at the ES ...

Best Wishes,

Thales

[forrestang]

Not trading any of these, just observations, I think the move up might at least be temporarily suspended.... awaiting LHs to form.

----Update---- 20:24EST
1-2-3s have occurred on all, and prices are starting to coooperate to the downside. On all but the Yen.