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Old October 8th, 2009, 12:19 AM   #5 (permalink)
pmccandless
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Status: Floor Trader
Join Date: Oct 2009
Location: Scottsdale, AZ
Posts: 278

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Okay guys so I wasn't able to upload my previous videos to youtube because they were originally captured as flash videos. I don't have a program to convert them so I won't be posting them from YouTube, but here are the links if you're interested:

http://screencast.com/t/8syX3Gkwd

http://screencast.com/t/EgcfTOZIzsHt

http://screencast.com/t/5ByRNjmJ

I'm now able to upload videos to YouTube and have made one from today. It was a papertrade of the NQ (Emini Nasdaq). I've been watching the correlation between the NQ and ES a lot lately as they begin to approach support or resistance lines together. Even though this was just a paper trade and I wasn't going to lose money anyways, I would have been extremely confident going through with this trade today with my real account.

I explain it all in the video, but basically I watched the NQ as it approached a major support level and actually began to present a "No Show" type of behavior (an extremely effective strategy explained by Shoot in the Pro Course). As the NQ's price was stalled out on that level, the ES was still approaching it's support level. Once the ES finally DID reach that support level it bounced off it without ever breaking down through it at all. This is where I took the entry, set my stops for both loss and profit, and proceeded to head out for a late breakfast! (Note: I don't recommend this type of trading behavior, but it was a paper trade and my woman was hungry!) When I got back it had hit my target and continued way past it.

I also show a nice mix-n-match paper trading platform setup for those of you who are interested in papertrading futures.

Anyways, enough talkin' smack... enjoy.


Last edited by pmccandless; October 8th, 2009 at 12:24 AM.
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