Hello everyone. It's nice to join you here.
I found this forum doing a web search for Demark indicators. Thanks to cbratton for posting those, BTW.
A little about myself. I live and work in Chicago as a systems administrator.
I got started in trading as a hobby in October of 2007, right before things really fell apart in the market. I've never done sim trading. My approach, rather, was to start an account with just enough real capital that I could afford lose it all and still be ok. I left my nest egg in a managed mutual funds while I learned what I was doing. (I have since moved my funds into an IRA and manage my own account)
I started out, like many others here, by reading all I could, watching financial television, listening to webcasts and educational material provided by my broker, and various other places on the web.
I didn't know what kind of trader I was at first, so I tried to learn several different approaches. I now know that I'm a trend-following trader, and primarily follow the teachings of Dr. Charles Schapp. As such, ADX/DMI is my primary indicator. I mainly trade stocks, and some options. Recently, I've been also studying counter-trend indicators, such as Demark's TD Sequential and Elliot Wave analysis. My intention is not to use them to bet against the trend, but to have additional indication of when trends are getting exhausted, particularly in the broader market.
The biggest lessons I've learned so far include trusting my own research, rather than being biased by TV commentary; keeping initial positions small based on volatility; never averaging down; always using stops; never moving stops; and always using stops (twice intentionally).
The following 2 users say Thank You to deefster for this post:
Hello Fellow Traders,
Glad to find this forum, I found it while searching for information on Market Replay data. It appears that a good amount of data is available for testing along with a lot of discussion.
I am trading futures (CL, NG & GC primarily) and have been trading them for a little while now. My focus has been on day trading them with a trend following strategy using MA's and S/R. I'm looking to use Ninja Trader to hone my skills by replaying some of the tick data, hopefully by the use of the replay I can learn to eliminate some of the false signals in spotting new trends.
The following user says Thank You to GolferDude for this post:
I'm happy to find this forum.
I have traded stocks a couple of years at the Oslo stock exanghe with a couple of automated strategies that I made my self in Tradestation 2000i.
The last year and a half I have focused on e-mini futures and are trying to make and code a good strategy or two for the e-mini NQ and YM futures in the Ninja trader.
I hope to get some new ideas and input to my work here and to be able to give somehing back too.
The following user says Thank You to stibflo for this post:
Firstly, I am very happy to have found this site. It looks like what I've been looking for all this time. So, thanks Big Mike.
I also fall into the 'been there, done that' category of traders who has lost two accounts and looking to get back in after a long hiatus! In this time, I managed to focus all my learning into one simple strategy and have been paper trading it for the past 3 months or so with some good results.
The best advice I've gotten so far has been to try and put my trading strategy to paper in such a way that I can give it to someone with very limited knowledge of trading and they should be able to tell what the entry and exits and money management rules are. It has been the best advice I have received to date. Hope it can help some of you guys too
The following user says Thank You to tom_c for this post:
I'm in the same boat you are sailing, gone through 2 accounts. Now being very discipline with my trading where in return has become profitable. Look forward to teaching each other some techniques.
Just wanted to introduce myself.
I'm from Portugal and I'm pretty new to this trading stuff.
I have been doing some research on strategies, backtesting, paper simulation (real and market replay) for the past year and I'm getting near to go live.
I use Ninja Trader as my platform and I love it's flexibility but I hate it's instability!!!
If you need anything else that I can help just let me know.
Thanks for letting me join your group. I am in Aussieland. I have been trading live for the past 6 months unsuccessfully. Before that I was trading in sim with some success and thought it would be possible to make some money some of the time.
I am a TI member and have not had success with their trading style
I work most of the day and and was convinced that trading 2 hours per day according to TI would be enough to make money. Little di I know which 2 hours it could be as I was only able to trade the first 2 at the market opening due to work the next day. I have tried several styles and indicators after that and have not been successful so far. I have lost all of the money in my trading account. I am about to give up. I was searching the internet about new trading styles and came upon yours.
I hope to learn something new from you and your members.
The following user says Thank You to Gambler67 for this post: