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Bat Yam
Posts: 1 since Mar 2020
Thanks Given: 0
Thanks Received: 1
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Hey Everyone
I'm looking for some advice from you guys that have been trading for a couple years,
I came to a crossroad in my trading in which i don't know in which direction to process and would like to hear your thought
First Let me explain what i did in the past year:
- I've started my Journey by learning why the price moves Reading the Dom and understating Market and Limit Orders
- From there I've started learning about different Indicators, what to do with them, how they work and how to trade them
- Then I've started to Demo trade and getting as match screen time as possible
- After almost half a year I've decided that Im going for scalping the ES and from there I demo traded everyday in order to improve my timing
My Strategy:
Like i mentioned i trade the ES
- I Start my day with reading the News and Drawing Support and Resistance.
- I'm always trading with the Trend so I'm using EMA 200 To show me the trend, I also sometimes take trades on it when when market is in certain condition and i see a familiar setup
- I'm using MACD to get a grasp on where the price is now and to Increase my confidence in taking Long/Short
- I'm also Using Bollinger Band MA for Entries
- The Majority of my trades (70%) are Buying on Support and Shorting on Resistance based on my Dom skills and screen time and how i feel about the situation happening there
My Risk Management:
- Im Using 12x12 ATM (12 Tick Stop, 12 Tick Profit) and for now i don't have daily profit goal or loss because I'm trying to test as much as possible.
- When the trade goes against me I'm increasing my stop to the next support/resistance and wait for the move to fadeout to take another contract and exit with 1 tick profit, when that fails i call it a day and stop trading
My Results:
I'm able to make 100 Ticks per day most of the time (about 3/5 trading days) with 1-2 contracts with 70-60% accuracy
The Problems Im Facing:
This is where I need your advice with some of my problem
- I Still feel after almost a year that i don't know what I'm doing Like I'm gambling. I can't Decide if my results are from the big amount of screen time I have or Pure Luck, I've tried Live trading 1st day was green second was red and 3rd was also red thats where i stopped and decided I'm not ready
- I don't know if i should be focusing on learning Order Flow or Not, I Read lots of post here about the topic and some say the edge from order flow has already Past
- I don't Like my Risk Management because it is not friendly for small accounts but i feel if i don't double down every now and then i will Loss most of the Time, I sometime get to a point where I'm 600-1000$ down on a trade before it turns around
Also I'm Sorry in advance If my English is a little broken 
Hope to Hear you thoughts  )
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