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Trading the Emini SP 500 (my system)


The Falcon
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Jimmy or anyone else interested, show up here tomorrow evening and we can lay it out. I believe the June emini will start trading at 5pm cst, correct me if im wrong.

 

 

Falcon

Pass.

 

I think trading systems are as nutty as sports betting systems.

 

Does your system allow for the occurrences of pandemics or terrorist attacks upsetting otherwise efficient markets?

 

I trade on basic supply and demand principles, when it gets cold out heating oil prices go up, etc...

 

 

No shade though...

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If you boys had the time and the know how, you would love the emini market. More volume than any other futures market by a wide margin. You can bet it to go up or down, enter or exit when you want, $50 per point moved. Trades in 1/4 pt increments, runs from sunday evening until friday afternoon, almost non stop, only halting for a few minutes each afternoon to settle that dsys books.

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My job closed down Wednesday morning until further notice because of CV.....I’ve been drunk ever since and I can’t be doing this...

 

This system of yours goes from Sunday to Friday Non stop? That a lot of time dude.....

 

How much time would I be tracking? Does it matter that I never even heard of this or know what you’re talking about?

 

I’ll try it if it’s easy to understand

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I completely understand it, used to trade it. I currently dont have the time to follow fully right now. I can be in and out.

 

Ted, you can follow along, paper trade it but do not try it with real money until you understand it. I cant trade it for anyone.

 

I can list the trades as they happen. You will be in the market at all times, unless we have a choppy day and get stopped out 3 times. At that point you stop for the dayand pick back up the next day

 

This system catches the big moves, which pays off into big wins. Losses are 13pts or less as risk is reduced for each pt that it moves in our favor. You have to trail the stops, which requires moving them as the market moves in your direction.

 

Settle price from Friday was 2821.75

 

We will pick up this afternoon

 

 

Falcon

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OK Ted, check it out... I'll answer any questions that you have...

 

It's a mini version of the SP 500 market, thus it's called the emini sp 500 or the ES... In my opinion it is the best market out there, not just the best futures market.. It has everything and I know the tricks to trade it with less money...

 

Study up on it, follow along and paper trade it for fun... Plenty of time to trade with real money as it's electronic and you can trade while your safe at home.

 

 

Falcon

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Ok I went and looked into and laughed a bit when I found out I viewed like 5 of these on YouTube early yesterday.....I didn’t remember any of them calling it Emini 500 but it’s what it is...

 

So the system you have is probably the ‘Candlestick’ or the ‘3-4block system’?

 

I didn’t understand them and won’t now I’m sure....

 

If you go more into detail and answer questions I’ll follow along, these guys in YouTube swear you can just roll out of bed and make $100 before your coffee is done brewing...

 

Where do I go to follow the screen?

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I was surprised to read the comments and find nobody bashing the videos and actually supporting them.....usually on a get rich casino video all the comments are negative.

 

But gamblers hate winners....look no further then my roulette system I’ve shared and Proven many times over

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Questions I have just for starters....

 

1 what App or download do I need to follow the screen?

 

2. Do I have to buy contracts thru a broker or is there a RobinHood type App I can use to fund and buy/sell

 

3. What exactly is a ‘Contract’

 

I wouldn’t mind paper chasing for a week or so before using real money....

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Teddy ive been out of this several years. I do not use candlesticks or any system youve seen on youtube i can assure u that.

 

Im not trying to scalp a couple points and call it a day. Im using what you call swing trading or maybe momentum trading. Im looking for the big scores and willing to accept the small losses.

 

Just google free emini sp live quotes. I usually track on tfc commodity live quotes but we will find a good one this afternoon.

 

Do not fall for the get rich quick scalping youtube tricks.

 

I set up a big trade, with defined profit target of 40pts and a trailing stop loss to limit and reduce risk but also to put you into the next trade.

 

A contract is simply what you trade. For what we will be doing, we will use just 1..

 

I probably can show you easier than i can explain.

 

You enter the market either by buying or selling a contract. If you go Long, you buy and want the market to go up.

 

If you sell first, your going short and wanting the market to drop.

 

We make money either way, we just need movement. What we dont need is a choppy market, going over and over the same place. Volatility is our best friend.

 

And yes you will need a commodity broker. But you will want to trade this yourself to keep commission cost very low.

 

Falcon

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Look up some basic beginner info on the ES market. So you will understand the terminology on this. Trust me Teddy its a whole new world. You can keep this simple, it does not have to be complicated.

 

I buy or sell on a Stop order to enter a trade. This means it has to reach a certain point for me to enter.

 

Our market is at 2821.75, the market will begin here or close to here, when trading resumes this evening. It will them move in 1/4pt increments. A quarter point is worth $12.50 which makes 1pt worth $50.

 

You actually never own anything in this, you are simply yaling a position in the market. You make or lose money instantly as the market moves and it moves alot as the volume is very heavy.

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