Big Mike's Trading Blog

Day trading futures, discussing money management and trade management techniques, and more

Tuesday's Gone

Choppity-chop-chop.

I took three trades after the cash open:  +1, -1.5, -3.  Then I decided to call it a day due to the chop and the fascination with the "900" number.  I've been up all night anyway and am dead tired.  The market will probably move nicely once I log off, so get ready!  :)

I was trading off a 5 range chart, but I wanted to post this 5 minute chart so you could see all the chop.



Mike

4 comments:

jeff said...

Hi Mike,

I've been checking out the VMA Zone indicator and was wondering what the rules are for using it? Thanks for all your hard work. I've learned a lot from your blog.

Jeff

Big Mike said...

Hi Jeff,

It is a work in progress, but the initial rules I made when I created it was to only take signals once a full bar closed above (long) or below (short) the zone. This works best on a range chart like a 5 or 6 range.

Mike

Anonymous said...

yep - heavy day today -- stress-test for everyones trading style + strategy ;-)
Mike - is there any other place where you are posting ie where we can discuss trades, ideas + setups ? are you in a forum somewhere ? Should we create such a place maybe ?
nice day max-td

Big Mike said...

Hi max-td,

I am ctrlbrk at the NinjaTrader forums. I've considered making a chat section on the blog, I'll look into it.

For now, keep using comments and if you want to upload a pic I recommend tinypic.com.

Mike

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