http://www.traderinterviews.com/idealab/idea/view/day-trading-the-emini-sp-and-russ The latest comments on Day Trading the emini SP and RUSS Sun, 06 Apr 2008 13:23:20 -0700 en-us Copyright Ideas For Download LLC, 2006 - 2012 http://www.traderinterviews.com/images/traderinterviews_144x19.gif http://www.traderinterviews.com/idealab 144 16 http://www.traderinterviews.com/idealab/entry/view/day-trading-the-emini-sp-and-russ#c82 http://www.traderinterviews.com/idealab/entry/view/day-trading-the-emini-sp-and-russ#c82 Sun, 06 Apr 2008 13:23:20 -0700 http://www.traderinterviews.com/idealab/entry/view/day-trading-the-emini-sp-and-russ#c80 1) Tick sizes far too small for S&P;you will get wipped around on anything less than 400t. Try taking entry off 400 t as long as trade direction is confirmed on 1200t chart.
2) S&P;and other US indicies have been consolidating on a daily chart since January. Your breakout strategy will give better follow through if you traded a market which is trending and showing same trend direction on both daily and 30 min charts. Have a look at Crude oil or any of the Grain mkts.
3) Moving average is lagging indicator have a look at momentum indicators such as CCI or MACD histogram in conjunction with support and resistance.
Hope this helps.
I have an autotrading strategy based around above principles but not prepared to publish until at least 12 months live trading results available.]]> http://www.traderinterviews.com/idealab/entry/view/day-trading-the-emini-sp-and-russ#c80 Sun, 06 Apr 2008 10:06:04 -0700