What about today, 3 years later?

I have coded my entries into an algo. I find the NQ spreads and slip can kill an otherwise great backtested strategy. The same strat on ES has almost no slip but the nature of the ES doesn’t set up great for its use. YM has much better spreads and enough liquidity to get a few contracts into and out of the market without slipping my way into the gutter! Just my two cents.

GuppyDRV

you will likely only get toxic fills

What do you mean exactly by this?

Hi all,

First of all thanks for taking the time to read this, cause im pretty sure you have maybe answered the same question a million times.

Im a beginner trader. Just have a couple of months experience. I took a course on a local company that taught me a very simple method of trading the EMini ES for 2 points daily. Sadly as i was practicing and doing more simulations i didn't feel very comfortable with all the indicators i was using or the rules for taking entries.

Currently i want to focus on Emini ES and aim for 4-6 point profit with a 2 point risk. Im using only a bar chart of 610 ticks and another of 5 minutes, no other indicators that im aware of.

What i usually do, is:

1. Before the market opens, i mark the highest and lowest prices for the european/asian session and usually after the price break those zones or rejects them, usually use them as support of resistances.

2. When i identify a trend i mark trend lines a wait for pullback to take the trade

I would like the polish my method and i was wondering if you could give me some pointers, maybe some books or maybe recommendations on what i should focus on to improve. I do like simplicity and the less indicators i can use the better.

Thanks in advance

JS