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Hi Everyone,
Looking forward to learning and discussing with other traders on the forums. I've been using ProRealTime for a few months to practice trading futures. Looking for ideas about how to trade well on supports and resistances and ideas about money management strategies. Hopefully i can get some good ideas on this forum.
Can you help answer these questions from other members on NexusFi?
Been on a bit of a journey this last two years and have finally ended up learning futures.
Traded Forex for last two years, honestly unsuccessfully. Was trading forex due to low equity requirements with the idea of gaining enough capital to be able to trade futures. Not 100% sure why I didn't go straight to futures, but that's by the by.
Have just started watching the jigsaw course and spoken to Peter Davies couple times (nice dude).
Would love to speak to some guys who've made the transition from FT work to FT trading, and how they managed it. Anything you think may be of benefit that you didn't know before but do now.
Hi all, I've been trading Russell 2000 and Nasdaq - I've made money, but would like to automate my strategies, I have very limited programming skills. In addition, I would like to start to trade the Bond market and I'm also interested in Options - what is the best place I can go to educate myself?
I'm 26, from Singapore, and just getting started in futures. Looking to trade the Bund specifically. Traded spot forex and gold/silver CFD's over the past two years, pretty much breakeven. Mostly self-educated, but seeing futures and this forum especially as a great place to get professional. Got an elite membership to get cracking at those webinars. Give me a shout out if you're in this part of the world!
Hi everyone, I've skimmed past this forum for a while now but time to say hello. I'm a full time trader since 2004 and mainly stocks in Australia but a bit of fx too. Futures have generally cost me money I think. I'm slowly trying to automate a large % of what I do. I love trading even when I'm getting my a$$ kicked!
Craig
Forgive me if my English isn’t correct. I’m still learning I'm happy to be here. My trading history started off as unusual. My first contact with trading was in April 2016. I helped my friend, Futures Trader. When I saw a lot of charts and ladders, I knew it was love at first sight!
My friend became my mentor. Thanks to him I acquired the basic knowledge of the interest rate market and in September I had the opportunity to trade a small clip. It was amazing and I knew it I want be a trader! He promised me to become a trader with his help. My task was to analyze the market. I was looking for what I wanted to play in the future and I shared observations with him.
In October I had some assumptions that I started to measure. My strategy had 60-65% effectiveness. I discovered (my friend didn’t tell me) that he lost his edge in the market because new algorithms came in. In April he resigned from our cooperation because he wasn’t satisfied and started to play what I taught him He told me I wasn’t grateful for what he gave me, but that's not true. I’m very grateful to him because I already know what I want to do in my life. It’s so important to know it!
This is a short part of my story. I don't want to focus on the negative aspects my past, only to develop. Does anyone know any company that accepts beginners with little capital and can recommended? I'm interested in exchanges: especially CME, CBOT, NYMEX, ICE Futures Europe, Eurex.
Firstly, thanks to Big Mike for running the forum. I have learned a tremendous amount reading the discussions and the shared indicators are invaluable.
My primary tool of interest is delta, both cumulative and in the volume ladder. Market proflle and ADXVMA provide context.
Instrument - GC, which can have decent movement in the morning and early afternoon European time.
Approach:
1) Identify areas of held inventory that may function as S/R levels, such as held or previously broken swing levels on cumulative delta. I am currently also looking at the S/R levels on Gomi's OrderFlowPro.
2) Evaluate probability of S/R holding in relation to context, such as:
- current state of momentum as seen in ADXVMA of price and cumulative delta
- proximity to opposing S/R levels
- amount of volatility / size of daily range
- price movement in relation to daily VAH, VAL and POC. Is the market profile balanced, expanding or extending?
3) Look for signs of S/R holding - absorption, delta divergence on 5 range bar, "traps" where the largest postive delta imbalance is at the top half of bar (at resistance) or negative delta at bottom of bar (support).
I may also consider continuation entries if price has a strong directional bias, looking for bar delta divergences on what appear to be smaller pullbacks. On the price chart, the first bar divergence or trap that occurs when the 5 ADXVMA crosses the 10 is interesting too, especially when in the same direction as the cumulative delta ADXVMA. This usually happens several times a day on GC.
I am always looking for better ways to identify S/R and traps. I have found that delta imbalance is easily readable on the Volume Ladder Metro Edition showing only the combined delta for each price (see attached pics), but am looking to see if bid/ask imbalance in Gomi's OrderFlowPro can provide additional useful information.
Special thanks to Silvester17, DionysusToast and Zondor for their contributions to the discussions; to Devdas for the Volume Ladder Metro and Sharky for the ADXVMA, and especially to Gomi, whose indicators provide the backbone for the charts.
Here are some examples of the main charts I look at. Indicators are specified.
The notations on certain bars are for my own logging purposes - the most important ones being "triangle" for delta divergence on bar and "circle" for trap.
Most of the bar divergences/traps were good for at least 5 ticks today.
I've been to several forums and I have gathered lots of information but none with a specific goal.
I hope this forum will expand my knowledge on various areas. I have seen/used indicators, naked trading, but I can't seem to make
a plan that is consistent.
I have opened a TDA account with 15k in the past week and am down $150 trading futures. Three small wins and one big loss.
Hoping to continue my learning here.
I'm happy to be here. My trading history started off as unusual. My first contact with trading was in April 2016. I helped my friend, Futures Trader. When I saw a lot of charts and ladders, I knew it was love at first sight!
He told me I wasn’t grateful for what he gave me, but that's not true. I’m very grateful to him because I already know what I want to do in my life. It’s so important to know it!