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ES Future - Beginner guidance


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ES Future - Beginner guidance

  #1 (permalink)
 
guizera's Avatar
 guizera 
Monforf-les-Bains/Luxembourg
 
Experience: Intermediate
Platform: NinjaTrader
Broker: NinjaTrader Brokerage
Trading: Futures: E-Mini ES, Crude CL
Posts: 11 since Sep 2016
Thanks Given: 6
Thanks Received: 1

Hello experts,

I'd like to start this topic in order to try to get some guidance to start trading ES for living. I`m planning to try this in the future, but I really don`t know how to start. There are a lot of content in the internet, some rich and some very poor. Unfortunately I have only 2 hours/day to study so I want to study with quality. I had a basic course once, I started to operate with some simple tape reading strategies and I really want to specialize myself, at least know "how to do" and define my own strategies. I'm also a developer, I know a little bit of development on Ninja Trader and I want to create some automation.

What do you suggest to start this journey?

Please advise.

Thank you in advance,

Best regards.

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  #2 (permalink)
 
Anagami's Avatar
 Anagami 
Cancun, Mexico
Legendary Market Hustler
 
Experience: Advanced
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Gaspah View Post
Hello experts,

I'd like to start this topic in order to try to get some guidance to start trading ES for living. I`m planning to try this in the future, but I really don`t know how to start. There are a lot of content in the internet, some rich and some very poor. Unfortunately I have only 2 hours/day to study so I want to study with quality. I had a basic course once, I started to operate with some simple tape reading strategies and I really want to specialize myself, at least know "how to do" and define my own strategies. I'm also a developer, I know a little bit of development on Ninja Trader and I want to create some automation.

What do you suggest to start this journey?

Please advise.

Thank you in advance,

Best regards.

Start by watching the market every day... and develop your own trading strategies based on price behavior tendencies that you notice.
Alternatively, you could use the techniques of others as your starting point.... and develop your own trading methodology from there.
Happy Trading!

You are never in the wrong place... but sometimes you are in the right place looking at things in the wrong way.
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  #3 (permalink)
 
wldman's Avatar
 wldman 
Chicago Illinois USA
Legendary Market Wizard
 
Experience: Advanced
Broker: IB, ToS
Trading: /ES, US Equities/Options
Frequency: Several times daily
Duration: Hours
Posts: 3,507 since Aug 2011
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Follow the Spoonalysis thread. It is rich and well established for this purpose.



Gaspah View Post
Hello experts,

I'd like to start this topic in order to try to get some guidance to start trading ES for living. I`m planning to try this in the future, but I really don`t know how to start. There are a lot of content in the internet, some rich and some very poor. Unfortunately I have only 2 hours/day to study so I want to study with quality. I had a basic course once, I started to operate with some simple tape reading strategies and I really want to specialize myself, at least know "how to do" and define my own strategies. I'm also a developer, I know a little bit of development on Ninja Trader and I want to create some automation.

What do you suggest to start this journey?

Please advise.

Thank you in advance,

Best regards.


Visit my NexusFi Trade Journal Reply With Quote
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  #4 (permalink)
 
guizera's Avatar
 guizera 
Monforf-les-Bains/Luxembourg
 
Experience: Intermediate
Platform: NinjaTrader
Broker: NinjaTrader Brokerage
Trading: Futures: E-Mini ES, Crude CL
Posts: 11 since Sep 2016
Thanks Given: 6
Thanks Received: 1

Thanks wldman. Sorry I didn't find in the search, how can I found that?


wldman View Post
Follow the Spoonalysis thread. It is rich and well established for this purpose.


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  #5 (permalink)
 yoyotrader1 
COLUMBIA, SC USA
 
Experience: Beginner
Platform: Tradestation
Trading: emini
Posts: 16 since Aug 2017
Thanks Given: 22
Thanks Received: 17

I am trying to find it too. Did you find it? I put in search - did not come up. Not sure of any other way...


Gaspah View Post
Thanks wldman. Sorry I didn't find in the search, how can I found that?


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  #6 (permalink)
tmaccorm
east bay n.s.
 
Posts: 9 since Jan 2010
Thanks Given: 6
Thanks Received: 1

There are very basic concepts that if you can wrap your head around them will save you a lot of heartache.

Think of the market like being any other market. If you approach it as you would when you consider buying a new car, TV, toaster, pair of shoes, etc., then you acknowledge that there are prices that are at retail levels, and prices at wholesale or sale levels. So you wait, probably, to buy on sale, or at wholesale prices. Not retail. It's the same in the market. You want to buy at wholesale and sell at retail. That's what the institutions are doing.

But in that process, they have to find liquidity if they hope to do business. That then brings us to approaches that are more like how the market really works. It's not indicator driven. The price will move up and down in search of places where the big boys want to do business. If you can understand how they do that, then you are more than halfway there. Support and resistance levels or zones are vital for you to understand.

The best thing you can do is watch for a week or so. Just watch. The es is a good example. Look at where the price stops and turns around. Look at where it tends to stall out. It will generally hit an area rather than an exact price point, although that will happen as well. It's all about liquidity at certain levels, and the volume there. If they don't find the volume they need, they move price elsewhere in their search. A great indicator to display this is the profile indicator -- for volume and for price. Just look up profile trading, along with some kind of indication of order flow.

That's a place to start.

I've come across an organization called Neurostreet trading. Get a guest pass. Buy three months at a discount and you'll have in your hands an incredible amount of information that will pretty well teach you everything you need to know about futures trading. You don't have to follow their approach, but it will arm you with the kind of top-class education you might be looking for at a price that might set you back a couple hundred dollars as opposed to the thousands other educators ask for.

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  #7 (permalink)
 
matthew28's Avatar
 matthew28 
United Kingdom
 
Experience: Beginner
Platform: Bookmap
Broker: Stage 5, Rithmic
Trading: US Equity Index Futures
Posts: 1,250 since Sep 2013
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Gaspah View Post
Sorry I didn't find in the search, how can I found that?


yoyotrader1 View Post
I am trying to find it too. Did you find it? I put in search - did not come up. Not sure of any other way...


You do not win as a trader, you just get to play again the next day. If that game doesn’t appeal to you then you should not trade. Gary Norden
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Last Updated on May 9, 2020


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