I'm new here, but been playing in forex for a couple of years. I've blown my share of accounts and have yet to recover the loses. I am currently what I would consider a break even trader which means I've stopped losing money, but not making any either, haha. My latest interest has been price action. Those who master it seem to do well trading any time frame, any pair, and in both trending and ranging market conditions. In other forums, I kept seeing the name Al Brooks and upon searching his name, I found some webinars on here. I've watched one that I found very informative and see there are many more. At this point, I don't consider myself as one who has much to offer, but hope that one day I will be able to give back to the forex trading community in a way many are currently doing now.
Iam new to this forum and even for ninjatrader platform, recently i have started working on ninjatrader , although in india very few use ninjatrader due to data format availability.... Also iam looking forward to understand the concept of Mt predictor which i have seen is a very useful tool for trading... Hope to learn more from this forum and be a part of the contribution..
Hello, my name is Jim and I am looking forward to meeting others who have chosen to embark on the journey to becoming a successful trader.
I am now in my third year of studying fulltime and have learned a great deal about how difficult and far this journey is really going to be.
Like so many before me I have spend countless hours and funds searching the web to find educational materials. I have taken course's and read many articles but found the best and most helpful information comes from those who have traveled the path ahead of me many times before. I am all ways willing to help others that follow and am seeking help from those ahead of me.
At this point I only trade crude intraday with two contracts at a time. I do not rely on any set of magical indicators or mechanical system for my trading decisions. I have found that a more simple approach works well for me. I mainly trade supply and demand levels in price.
I use multiple time frames (15, 5min and 500 tick charts) when trading. The 15 minute chart has two indicators. (Bollinger Bands & 50 SMA) The 5 minute has the 21 SMA along with pivots and only the 21 SMA on my tick chart. Each morning I mark out my charts Levels of interest. (previous days close, high, low and S/D levels) Then wait to see how price reacts when it approaches my levels. In short I let my charts and price action tell me what I should be doing. When I listen I do well when I don't I pay dearly. Mostly I wait on my set ups.
This style of trading is not of my own making but the basics are from a fellow trader I have been following for the last two years. This is a mental game where one must say focus and in control of one's self at all times.
I look forward to meeting others here at futures.io (formerly BMT)
My first trade occurred when I was on undergrad. XM satelite radio came out, and I thought it would be awesome. I bought 500 shares at 3 dollars (all my money) and sold it at twenty and some change. Pure luck.
In 2009, I started trading FX at Alpari. I downloaded about a million indicators and sucked royally. I eventually got mad about the whole bucket shop thing and the fact that you couldn't set a limit or stop within 30 pips of the current price. The fractional pips and different info to different clients also ticked me off.
I have tried to trade oil, and didnt blow up an account , but definitely got my butt kicked.
I have also tried scalping TF and YM. Horrible fail.
I finally started looking at myself and deciding what parts of trading were hurting me.
I live in AZ, so market open is at 6.30 AM . I am not a morning person, so never have all of mental focus at that early hour. I also feel like the US open is really fast. Needed something to trade later in the day, and something that moved slower.
I have decided to try the 6j contract an hour after the Tokyo open.
I like it because the PA is slower, and consistent (at least what I have seen).
I am able to stay in trades longer, and am not immediately stopped out on bad trades and presented with new opportunities inviting me to re-enter. This alleviates my tendency to over trade, and also reduces my overall anxiety.
I want to start a journal to post my trades for feedback from the forum and to hold myself accountable.
hi everyone! or should I start by thank you all for building this huge knowledge community
I am happyPenguin from Montreal/Canada. I came across this forum a few time last year and decided last weekend it was now time for me to register
This forum has been really helpful in addressing multiple question regarding trading in general and trading automation, and I am sure it will still prove itself as valuable source of information and an awesome community.
I have been investing in equities for 8 years now, mostly based on fundamentals but want to take it to the next level. I was also daytrading during my classes will attending undergrad and grad school and that was bringing in a few bucks for beer and to cover tuition fees.
With the knowledge I have built, I look forward to jump into conversation on this forum. I know I still have a lot to learn. Like Plato said: I know that I know nothing.
I want to put energy into building a successful trading strategy and translate it into an automated strategy.
I have been daytrading for a long, long, long time. I am 78 years old, and still get a kick out of learning something new about trading EVERY day. I haven't made much $$ at it, and I am still looking to improve my trading.
I do a lot of options trading. Spreads, Iron Condors, sometimes I buy puts or calls, but mostly sell them. I like to trade on Friday in those stocks that have weekly options. I always look at stocks like AAPL, GOOG, GLD, SPY, AMZN, NFLX, etc.
One of the main reasons that I daytrade is that it keeps my mind sharp. Any profits I make is a bonus for me. Here's hoping that I can contribute some things to this room, as well as gain from it.
I use the Tradestation platform, and have written many indicators and strategies. Not a pro at programming, however, just enuf to get by on.
Good luck to you all,
The following 2 users say Thank You to mkurty for this post:
Greetings, My name is Siddharth and I have been trading for 2 years now. I did a training course at a prop firm here in dubai and then got hired by them trading intraday bond futures spreads on Eurex.
Did not do too well so i looked for another stable job preferably to do with markets only, as I wanted to be completely immersed in markets even though i wasn't a real trader yet. I then got my current job with a institutional Fund, where i am told what trades to do for a fixed monthly pay, its like any other regular job but I thank my stars that I am close to the market even in my day job. Off course eventually I want to be in no job and trade my own account.
Side by side I also trade Futures on another account, again intraday on mainly ES and NQ, sometime CL. I am barely profitable but have improved seriously from my early days, and the ONLY thing that made me improve was money management and patience to not overtrade. I hope to learn and share on this forum, I feel Big Mike Forum is a great one.