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Found this forum a while back and read a lot of informative posts on futures and market data. I hope to contribute any knowledge that would be helpful to the community. This is a great forum for traders, hope it stays active!
Can you help answer these questions from other members on NexusFi?
I have invested about $10,000 in education so far and have been trading for 6 months. I was a financial recruiter and now trade full time in the futures market. All the bills are being paid from my trading and I am very proud of that. I want to be successful... which means being consistent... and having an objective method and well thought out trade plan. This is what I am consistently refining and redoing. I will get there because of my conviction and dedication to this career. I treat it like a martial art which is a huge part of my life and always has been. It has always defined me as a person and given me self identity when I was confused about myself. I always knew who I was because of martial arts and physical training. And now... so does professional trading. It is becoming my brand. It has opened up a new way of life for me. It is the vehicle that I have chosen to achieve true happiness in my life... freedom. When I graduated from college in 1995 as a Psychology major; I was thrown out into the world and realized that I had ZERO skills. The only jobs available to me were in sales. I hated sales! I sucked at sales! I am not a "type A" personality with a passion for selling some overpriced piece of crap to a business or some poor schmuck that didn't know any better. I am a "specialist" Give me a job to do and I wont stop until its done... and I'll do it better than anyone. That's who the hell I am. I'm that guy. So.... now that I am finally learning a remarkable "SKILL" that allows me to be technical and keeps me out of corporate America.... corporate slave America... I am so very GRATEFUL for it! Thank GOD for technology because this would not have been an option back in the 90's for me. There is no way in hell that I'm going to give this up or half ass anything. I have way to much respect for it to do that. I finally feel like I'm learning a skill that is USEFUL and that gives me the freedom and life that I always wanted. That's why I'm doing this... not the money.... but the life that I want and deserve. Thank you for building this website and forum. It will become a useful and consistent tool in my success as a professional trader.
Hey all. Glad to be onboard. I have long been reading this forum and decided to become a more active member.
About myself:
I learned about technical analysis when I was in high school. I played around with MetaStock and learned about candle sticks. The story that Japanese rice traders had access to candle sticks for years, while 'we' in the West did not always stuck with me. I was a big fan of the hammer pattern back then. Then later, I went to University and discarded technical analysis and accepted the efficient market hypothesis. A few years later, I wanted to trade Microsoft shares because I knew that the Windows 8 beta had been out in the wild and that it would probably be a disaster. I really missed real time charts. I actually made money on my trade (I was excited). But I had to call my broker for constant updates.
So, I stumbled into Forex because there were free real time charts. Following the market activity was exciting. I picked up studying TA again and slowly started to recognize opportunities. It took me a while to really understand my favorite trading style. I switched from being a scalper to a swing trader. While searching for new material, I found a book on Amazon by Mr. Dalton, and then I learned a lot about profiling. The market profile was quite an eye opener.
Now, at the moment, I am trying to combine price action methods with market profile trading. I haven't found the holy grail, and probably never will. But I think it's important to keep developing yourself.
Some disregarded ideas/theories:
- Scalping.
- 5 minute candlestick bars. (Al Brooks)
- Indicator signals (single)
- Trading on technical analysis without understanding market sentiment
- 100x leverage.
The market profile really opened up my eyes because I started to realize that the best opportunities are outside value. Many scalpers (say Al Brooks) love trading the small stuff in the value area. For me, that leads to overtrading and inherent problems. I strongly believe that market only gives you 1 or 2 good opportunities everyday.
My goal is to become a really good swing trader. At the moment I still close my positions at night because I don't want to risk giving up my gains. I think that a better understanding market sentiment is the last step. I want to enter as a technician, and trade sentiment. Basically, letting my "winners run".
As my username suggests I am interested in trading to make good money! I teach highschool math part-time and found that the more I do it the better I get. What a surprise! I hope the same thing will be true with trading. I have read two books by Trader Vic and it would seem that swing trading is pretty much a sure thing if you have discipline. Well, I gotta tell ya, discipline is not my thing, but if I can see that it will be of benefit well then I can play by the rules!
Trader vic presents a statistical approach to market trends, specifically the extent and duration of trends. It seems quite straightforward. I would also like to look into day trading if I can, as it seems like fun! Don't worry, I'll be paper trading for the first while!
I'm French, 46 and trading french stocks with Amibroker until now. After a training session in december, I want to try to trade the Futures market (Oil, Gold, SP&500), with NinjaTrader. As a programmer I found a lot of help and very interesting topics here, and very nice webinars. This place is fabulous ! I'm not trading for real at this time, I need to practice in simulation first. Maybe one day I will post some indicators or strategies here...we will see if I find something interesting !
Been lurking for a few months, decided it was finally time to start an account. I started paper trading back in high school for an econ class, and I did alright with it. 6 months ago, I decided to give it a go again and got setup with TD Ameritrade and ToS. Also been doing a bit of live swing trading in stocks and ETFs, but I am more interested in futures. So I am definitely 100% noob, in the grand scheme of things. That being said, I really like trading, my strategy is looking for good intraday moves and trying to take 3-20 ticks out of them. I typically adjust my stops to lock in profits and limit losses as I go - I will only risk 6-8 ticks, typically. Still a little hesitant to trade through chop, but I am getting there. It's nice to wake up in the morning, brew some coffee, and think about kicking the market's ass.
Anyway, happy trading, and I look forward to chatting with you guys!
hi there
my name is peter,i am 56 years old.i have been intrested in trading for 15 years +,but never been able to make any real money.a few years ago i bought a course,called the corporate raider,ten lessons.and thoe it gets slated on the review sites ,i have just started to read them again.and there is some real gems of advise in most of them. so i will be trying out some of the methods,very soon,ill keep you posted .
But at the moment i am binary options trading,using the trading predictor,on the one minuate charts,along with my old mbx system.and a rsi 2 period setting.with good results,meaning i stop trading when i win three trades,which is most days.20 pound a trade,get back 15,so £45 a day,does me nicely.
i also work full time as a builder,so i trade around 7 30 to 9 00 gmt time,and it seems to work nicely.if i can build my stockpair account up,then i will go for bigger trades,and one day stop working,has building in the winter back here in the uk is not nice,
i now live on my own,and love to play pool,aswell has going out and drinking,plent of beer lol.
Hi all, been using Drummond Geometry (when it was known as P&L) for over 25 years, and recently been transitioning from end of day to real time. So been working on Ninjatrader code. Anyone want to discuss or share let me know. I do have some of the basic lines and energy points if interested.
I am glad to have stumbled upon this forum. After seriously considering buying into training with The Day Trading Academy, I was shown the light. I am completely new to the concept of being able to Day Trade from home, and thought it was something done as it shown in the movies. The more I read, the more I learn there is more and more to read, but I am willing to do so. Trying to understand more about the different types of Day Trading, charts and how to understand what charts are, etc., I am a bit unsure where to begin. As I stumble my way through the process, I hope to gradually get my footing with the help of this forum, and begin to Day Trade one day.
Thanks in advance for all of the guidance and feedback!
Struggle with my rules....
I hope the same thing will be true with trading. I have read two books by Trader Vic and it would seem that swing trading is pretty much a sure thing if you have discipline. Well, I gotta tell ya, discipline is not my thing, but if I can see that it will be of benefit well then I can play by the rules!
That being said, I really like trading, my strategy is looking for good intraday moves and trying to take 3-20 ticks out of them. I typically adjust my stops to lock in profits and limit losses as I go - I will only risk 6-8 ticks, typically. Still a little hesitant to trade through