Recent content by Lucrum

You saw a pennant I see (with the benefit of hind sight) a possible double top. One of the problems with these types of patterns is that they can be subjective. Someone wrote once, and I tend to agree, that the market does repeat certain price patterns. But the out come and magnitude of the...

NO!

It probably is that fast. Just keep in mind that fast or "easy" executions don't necessarily mean consistent profits.

I'm not saying psychology doesn't matter, IMO it probably matters more to some traders than others. It seems to matter a fair amount to my success. But sometimes I think it may be a little over hyped.

From Brett Steenbarger's Blog: "One particularly uncomfortable truth for traders is that their lack of profits is simply due to trading randomness. It's not a lack of discipline, a lack of trade planning, or a lack of tweaking the right indicators that create losses--all of those are relatively...

With futures what many refer to as "margin" is actually a performance bond. The initial margin is the amount required to be in your account for each contract traded. The maintenance margin is the amount per contract required to be in your account for each contract held. For example initial corn...

I looked at the average range of ES on a 15min RTH chart to determine my vote.

YM is my favorite particularly during RTH. Although I tend to trade ES in AH because of the tighter spread at that time.

I'll be 47 yo next week. I've been trading since the late 80's. I have experience with stocks, stock options, index options, FX, commodity and financial futures as well as options on futures although I focus on equity index, 10 year note and 30 year bond futures now. I trade mostly intra day...