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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.
Looking forward to chatting with all of you.
-D
Can you help answer these questions from other members on NexusFi?
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
I day trade stocks (do pretty good) and looking to move over to futures.I know a little about futures ,but not enough to jump right in ,that's for sure.
Thanks for the forum and looking forward to learn as much as I can. Hopefully one day I can contribute and help others.
I've been self-employed for about 3 years, now, and have learned that nothing is very secure. In order to try and avoid having all of my eggs in one basket, I've begun studying trading. I've watched lots of youtube videos, and was ready to pay for one of the training programs when somebody directed me to this forum. There are enough posts on here about how training programs and pricey proprietary indicators are not cost-effective that I've kept myself from spending money to get a "head start". It seems like I may just have to dig in and read and listen and learn and sim trade until I can wrap my brain around things like price action and volume. I am interested in some of the predictive stuff out there (though the forum debates whether it's really predictive) - things that look at past time and price movements and use them to forecast time windows and S/R lines that can be used to guide trades.
I would love to add to the dialogue here someday, but at the moment all I have to contribute are questions. Hopefully at some point in the future I'll be able to answer some other people's questions as well
Welcome, we all came from similar background. Self study, try on SIM, testing on personal trading style etc. This is a journey of trading. All the best to you.
cheers.
I am a lawyer, but I decided to take a break from law and maybe quit it permanently. I have been trading (very) small time every now and then with mixed results for a couple of years.
I am now looking into it more seriously now, but mostly sticking to a simulated trading for the time being and trying to remember what exactly it was that I had been doing right/wrong.
