[Gabe2004]

Originally Posted by sevensa »

I don't think this is a valid conclusion (the part bold). You cannot ignore margin and leverage. To make an apple to apple comparison and conclusion like that, you need to assume a fixed investment amound, say $5000 and then see which give you more bang for your buck based on that fixed amount.

This is probably off topic for this thead though. Feel free to remove my post.

I posted the stats as a continuation of trying to find a reason why Thales prefers stocks to futures but you may be right and this subject should be in a thread of it's own.
As a quick reply to the above, assuming you use $5000, you can buy 2 ES contracts and catch a typical daily range (hypothetical assumption) of 10 point (10%) = $1000, or buy 150 shares of a stock that trades @ $100 (30% margin) that moves 4% = $600 . In this example you are correct that my conclusion was wrong because the futures will make you more $ but I think that stocks trend better throughout the day and while you may be chopped to pieces trading futures, you can survive and do well in stocks.

My appologies if this did not belong here. If someone wishes to continue the debate I'll start a new thread for further replies.

Gabe

[thalestrader]

Originally Posted by Gabe2004 »

Statistically intraday stock swings are larger than index swings. Is that the reason you prefer stocks to index futures?

Gabe

I have no personal preference, really. As a matter of personal preference, I'd trade potatos if they'd bring the contract back and there were sufficient opportunity to make it worth while to do so.

Best Wishes,

Thales

[thalestrader]

Originally Posted by Gabe2004 »

I think that stocks trend better throughout the day and while you may be chopped to pieces trading futures, you can survive and do well in stocks.

My appologies if this did not belong here. If someone wishes to continue the debate I'll start a new thread for further replies.

Gabe

1) There are certainly more opportunities to participate in a trending move by trading individual issues. Everyday there are trending stocks, whereas many days the indices are simply vacillating within a range.

2) Let's not worry about what does or does not belong in the thread. As long as you are not asking about where to locate indicators, we should be ok.

Best Wishes,

Thales

[thalestrader]

Hi Folks,

I am done for the day and for the week. Here is a last look at the ES.

Best Wishes,

Thales

[thalestrader]

Originally Posted by thalestrader »

Hi Folks,

I am done for the day and for the week. Here is a last look at the ES.

Best Wishes,

Thales

... and a last look at the 6B

[subterfuge]

yeah...but seriously...where can i find the darvas box indicator??
i kid! i kid!

Here's an ES long i took today (at the green square)
Would that be a trade you'd take out of interest Thales?

.I am a consistently breakeven type trader (im ashamed to say after years of screentime)
However, a very good trader that I recently met tells me that if someone can be breakeven consistently for a decent amount of time, then they are potentially not far away from finally becoming profitable.
Ill let you know!

PS - dont feel you can only post ES trades here Thales. Even tho I dont have the money to trade stocks (which id love to do as i seem to be better at them than anything else, but the damn 25k PDT stops me), i like to see your stock trades aswell.

Cheers

[forrestang]

Originally Posted by forrestang »

I didn't catch this one, a lot of new tv shows were on tonight, damn Fringe.

But the G/U seems to offer something every night.

First picture is the micro look, second is the macro in what seems to be obvious levels of support.

Second extension hit earlier this morning as shown by the black arrow. This was alsoo were price stopped coincidentally before retracing and continuing down, so this was a good piece of support here.

[thalestrader]

Originally Posted by thalestrader »

I also have attached a current view of the weekly GBPUSD.

A look at GBPUSD, closing at the lows of the week ... If a favorable short opportunity presents itself on the 15M, I will likely not be trading with profit targets, but will be playing for a drop below 1.6100.

Best Wishes,

Thales