This is nikhil , i am self employed & independent trading contractor from India trading INR denominated commodity futures for my own proprietary algorithmic trading account & working a contractual job with a leading options market making arbitrage trade desk in equity indexes for %p$L share.
I am authorized person [AP] in domestic commodity exchange MCX or www (dot) mcxindia (dot)com so theoretically i can legally add clients as a broker but i have 0 clients as i am purely focused on proprietary algorithmic trading as opposed to building a brokerage business. In India authorized person [AP] is mandatory for 100% automated trading.
In Commodities i swing trade only 4 products - Silver/Crude Oil/Copper/Natural Gas Futures
In Commodities i day trade only 1 product - Crude Oil Futures
In Equities only 2 product for my employer - Nifty & Bank Nifty Index Options
In terms of directional biases for automated scripts in commodities i would like to be long 67% of the trades & short only 33% of the trades for both swing & day trading.
Last edited by nikhil89; May 8th, 2016 at 07:30 AM.
Just introducing myself as its a introductions thread , why i am getting a feeling that i am younger & more wealthier than you. You are hiding behind your anon name and trolling around, if you want to arrange a meet with my chartered accountant to discuss my networth then contact me in (dot) linkedin (dot) com/in/nikhildogra Whats your credibility trolling around anonymously probably claiming to be a expert at something ?
Hello guys, I am from India. I am a Forex trader, Left my education for trading markets, Used my college fees to trade forex and lost it all. I thought i should practice more so i started practicing more. After couple of months i got a loan of $1k and started trading again this time i was doing well. But after a month i burned it too, I was not disciplined. That was too my mistake i don't blame market. I got some friends who thought me how to be disciplined and trade it as a business. And now when i practiced for some more months with them and doing good. But now i am left with nothing to start again just a small cents account. Want to share this, there's no shame to hide this. I am going to have 1 last loan to start. I am sure i will make my friends proud who teach me everything. Sorry for my bad English. Frank Introduction. Green pips to everyone,.
I would recommend you go with SIM account before you put some real money into market. And avoid any loan money that you borrow from bank etc, it's too risky to learn trading in real money.
Just my humble advice.
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Thank you for the invite
I have viewed some of your tutorials on you tube and found them very helpful,when stuck with a piece of code in easy language it is very frustrating not being able to ask someone for advice or share an idea with others for constructive criticism
A bit about me
I have been a saturation diver in the oil and gas industry around the world I am still in this business but not getting wet now
I have traded Futures mainly,started a while ago with supercharts have my ups and downs not enough ups though
look forward to joining in the forum
I joined just a bit ago, but I have been reading articles for months. I started trading about 16 months ago, and I was lucky enough to not blow up any accounts in the process, but I certainly wasted a lot of time and money on different rooms, "Gurus", and spent more time than Indian Jones searching for the holy grail.
I 've spent MONTHS backtesting failed strategy after failed strategy, but over the past couple months I've finally begun understanding that I just need to focus on Price Action, Support/Resistance, and general market auction theory. I'm not even sure anything can backtest in a vacuum properly after thousands of tests.
At least that's what I think is the answer- and I'm hoping that by joining this community of people smarter and more experienced than I am, that I may be able to skip a few bad turnoffs off the highway since I've done plenty of sight-seeing.
I've been exposed to a few new concepts here at Futures.IO, (I feel that Market Profile and MM Divergence is a huge emphasis here) and I am looking forward to exploring it, and Ninja Trader further.
I'm kinda new to futures trading, although I have some experience with forex and options trading.
In the last month or so of trading, I'm glad to say that I haven't lost a penny!! That is mostly due to the fact that I'm still using the sim, and this has caused some concern and bafflement (not sure that's a word, but I'm using it) thus far.
My first, and main concern, is what I see when I place a trade. I can see patterns set up, and indicators do their indicating thing, but when I place a trade, the price action seems to move away from the direction it was going. I mean, it's like trying to force the wrong sides of a magnet together. I know that price action bounces around, and the market oscillates as buyers and sellers battle it out, but if I go long, the price action IMMEDIATELY stops, turns around, and goes short and hits my stop.....no matter where I place it. AND, if I don't place a stop (only to see what would happen...its just a sim after all), price just keeps on going like a Husky that just found the gate was left open. I do know enough to not buy at the highs and sell at the lows...this stuff happens at the beginnings of great setups, in the middle, etc. I've tried to be as random as possible...and I get the same results darn near 90% of the time.
It has gotten to the point where I can hit the reverse button repeatedly and watch price reverse with each press of the button....opposite my trade of course...lol.
I've discovered that I can, all by myself, control the /ES, albeit...everyday is opposites day.
Is this a normal thing? Am I being paranoid in thinking that my wonderful Ninjatrader platform is actually programmed to work against me????? I mean, there's no way an entire market is going to stop on a dime and 180 just because *I* put on a 1 contract trade....right? RIGHT?????
Maybe I have a superpower. A crazy bassackwards superpower. Great.
Anyway, I would appreciate any advice, guidance, knowledge, etc in the art of scalping and swing trading the /es, gold, crude, and the like. I have no money in the game...yet. So I've lost nothing and have everything to gain.
Thanks for the advice buddy. Appreciate it. But i have practiced allot now that too on small live account. And i have been trading since 4 years, So no worries. Last account was burned because i gambled. But now I am disciplined.
Another beginner here, fed up with what is on TV and trying to be constructive with his time.
I stumbled into trading about 6months ago and have since become consumed/boarder line addicted.
Reading and learning constantly, it is volume Profile that really speaks to me and I am glad to have found a place where it speaks to others as well.
Look forward to learning from and contributing to the community
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