Just starting out with my trading. I've been sim trading the ES for about 3 months. I joined a training organization which has helped me understand the basics, but I don't think their approach is what works for me. I have been investigating a couple other approaches. Specifically, looking at a trending indicator which so far has shown to be good. I am also interested in opinions/recommendations on trading rooms. I am interested in knowing if anyone has used Raptor/DTS by Indicator Warehouse.
Favorite Futures: Playing with eMinis, coming from Options
Posts: 67 since Jun 2015
Thanks: 11 given,
I used to trade, and now getting back into it. It seems to be very important to know who the traders of the particular instrument are since they have different group styles. Definitely SIM the heck out of it and run a week or two with a particular instrument or two.
Moving averages seems to have withheld well against time and change in market, but you have to really test time for your particular instrument or ticker you choose to trade. (Hint the computers trade patterns when they run algorithms and you are trading against them).
I personally like volume indicators and watch money flow. Do not have a fave.
Use what you know and love (I have a marketing and market segmentation background so volumes and volatility and cash flow indicators make "sense" to be because they indicate the psychology of the market). Use your background knowledge and experience you understand and do not try to copy anyone in total. Dedicate yourself to learning their method for a month then take what worked, you are not them, you do not "see" things they see.
I'm a big believer in looking at problems from different perspectives, I used to turn my monitor 90 Degrees just to see how a chart looked moving vertically. Learning classic indicators is important as it gives you a guide as to at least the foundation of how others are trading. Futures is a zero sum game, you need to be smart enough to take someone else's lunch money.
Although computer trading plays a big part, trading programs are ultimately designed by people.
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