Hi everyone, I am new to this community which appear to me very intresting. I trade the VSA/Wyckoff way for the time being, but want to learn market profile and orderflow methodologies in the coming months ...
Hi, thanks all for this forum. It has great information for everyone. My main objective is to become a consistent and profitable full-time trader. Begin with stocks without knowing anything (first mistake), then looked at indices and after about two years have concentrated my energy on learning to trade forex especially the euro. Tried many methodologies but found that the study of VSA and the Wyckoff method makes more sense for me. I know it a long road ahead but I believe I can and will succeed if I have patience and concentrate.
I've been daytrading in sim for almost 2 years. I'm on the brink of going live. I went through losing a lot then not losing but not winning and am having steady progress to the winning side. I've been through a lot of trainings and trading rooms all with useful lessons gleened. Lots of coaches hoping to learn from the students out there so be aware. Lots of learning what to and not to do. Have found the best trading I've done is on my own so there's where I am. I love this site and the people who contribute and make it great. Even for those who don't know how to contribute it's a great lifting point for their success. Who knows what beginners will be full of juicy knowlege in the future So thanks for supporting all levels of traders. HooZa!
I am a retired institutional trader who currently auto trades several blocks at two different brokerages. I am primarily a support/resistance/price action trader. I am a minimalist when it comes to indicators, as I generally only look at volume and several squeeze-type indicators. After all these years, I am still passionate about trading and always anxious to hear new ideas and meet traders from beginners to pros. You are never to old to learn, all that is required is the ability to listen and not talk. Look forward to meeting you all....
Just found this forum after recently getting the
trading interest starting up again. Looks like a gem
of a forum!
I've traded on and off since '86 (!), and tried all
sorts of approaches and feel I've learned discipline
in the process. But, I have to say I've never really
hit my stride. More accurately, several approaches
I tried were reasonable, but as the markets changed
I did not adapt the approach.
Originally wrote our own charting package running
on DOS on a 286! Still one of the nicest I've seen...
Cheaper than the $500/month FuturesSource (at that
time). Was long soybeans the day of the '87 crash
and found it interesting that most the commodities were
pulled down with it.
My last account did pretty well with an interesting
day-trading system making one trade a day, using no
stops or profit targets (it tested better that way), simply
calling the day's direction and closing at EOD, trading
only on a gap opening and using an early-in-day time
window to predict the day's direction. Did take some
nerves to sit through the swings! After awhile the
market changed, invalidating the system as it produced drawdown greater than historical. It was developed
on a year of 1-minute bars.
Following this I tried numerous approaches to real-
time day-trading, which was good experience. But, since
I didn't have a solid approach, and having paid 20% tuition,
I closed the account and started a business with the remainder,
which has done pretty well in the meantime...
But I've always enjoyed the challenge and interest
of trading, so am looking to get back into the fray. My
impression is this forum is an excellent resource for traders
of all experience levels. I look forward to getting a lot out
of perusing the various topics.
I've been trading since Feb. '09, and have decided to poke my head in here to see what's going on. Although it took me the usual months / years of frustration, I now trade with a naked chart, while also using the NYSE TICK for confirmation. Since the New Year though, I have used the TICK less and less. Some of my basic principles include:
1. I see market movement as a series of supports and resistances "flipping", and I trade it as such.
2. I use the 4H to capture longer term areas of support / resistance, based on untested flips
3. I use a 512 tick chart for entries based on the same idea of price flipping.
4. I keep a rough idea of price waves, but don't use any hard rules.
5. Lastly, I use the NYSE TICK as a barometer at times. There are levels that will often confirm bearish / bullish sentiment. I do not fade TICK extremes, as I see high TICK readings as signs of strength and not signs of weakness.
6. I only trade ES