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New to futures, can someone offer some guidance please?
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New to futures, can someone offer some guidance please?

  #21 (permalink)
Every Day I'm a n00b
San Tan Valley, AZ/USA
 
Futures Experience: Advanced
Platform: NT7
Broker/Data: IB, Tallinex, & 10 others.
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I appreciate it lol.

The posts I read so far was 30% you being annoyed with other people, 70% super useful information haha.

Thanks friend

-Jimmy
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  #22 (permalink)
Banned: Vendor self-promotion
Phoenix AZ
 
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FABRICATORX View Post
I appreciate it lol.

The posts I read so far was 30% you being annoyed with other people, 70% super useful information haha.

Thanks friend

I'm at the get off my lawn stage of life

But I'll work toward 20/80.

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  #23 (permalink)
Trading Apprentice
Chicago
 
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DbPhoenix View Post
The challenge now is to get rid of all the indicators as one isn't really "trading price" unless price is all he has on his screen.

This is not to say that indicators are of no use; but if one is using them, even a moving average, he's trading something in addition to or even instead of price.

It's a matter of focus. Proper focus leaves no room for emotions.

Agreed. Price and price action is the important item, and indicators usually just distort or delay. If you can simplify to the point that you can envision, then anticipate the action, you have truly evolved to where you need to be. I use some items on the chart, not really indicators, but more "highlighters" to keep my attention focused. This has completely changed how I view setups and my discipline and patience has increased exponentially because of it. This was my Aha! moment. If you are not sure what or where to look to improve, I'd still recommend a mentor. I was mentioning someone that helped me get to this point of vision in my original post as I thought it may be helpful to others as well, but apparently sharing that level of detail is not appropriate here so my entire post was deleted, my bad. My premise still stands though, find someone that is successfully trading and ask the questions that will clarify for you. Everyone's questions will be different and the answers will mean different things, so if it doesn't click for you, move on. You have to find what your psyche needs to allow you to be successful. Trading successfully is mostly psychological rather than technical, at least for me...

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  #24 (permalink)
Banned: Vendor self-promotion
Phoenix AZ
 
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krosen1 View Post
Agreed. Price and price action is the important item, and indicators usually just distort or delay. If you can simplify to the point that you can envision, then anticipate the action, you have truly evolved to where you need to be. I use some items on the chart, not really indicators, but more "highlighters" to keep my attention focused. This has completely changed how I view setups and my discipline and patience has increased exponentially because of it. This was my Aha! moment. If you are not sure what or where to look to improve, I'd still recommend a mentor. I was mentioning someone that helped me get to this point of vision in my original post as I thought it may be helpful to others as well, but apparently sharing that level of detail is not appropriate here so my entire post was deleted, my bad. My premise still stands though, find someone that is successfully trading and ask the questions that will clarify for you. Everyone's questions will be different and the answers will mean different things, so if it doesn't click for you, move on. You have to find what your psyche needs to allow you to be successful. Trading successfully is mostly psychological rather than technical, at least for me...

If knowing what to look for and/or where to look for it is an issue, the pdf I posted four posts back may provide a starting point.

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  #25 (permalink)
Trading Apprentice
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DbPhoenix View Post
If knowing what to look for and/or where to look for it is an issue, the pdf I posted four posts back may provide a starting point.

Nice info... "Context" is what I missed in my remedial trading class some years ago. Just a curiosity, is this reprinted from somewhere or are you the original author?

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  #26 (permalink)
Banned: Vendor self-promotion
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krosen1 View Post
Nice info... "Context" is what I missed in my remedial trading class some years ago. Just a curiosity, is this reprinted from somewhere or are you the original author?

I wrote it, but after having studied Wyckoff since '98. I had a tough time getting people to read Wyckoff's course. I can guess the reasons, but that doesn't really matter. Eventually I threw the chief elements into a can and shook it real hard and poured out the SLA. The AMT stuff was the result of my own research, though at the time there wasn't a whole lot out there. Wyckoff came just that close to AMT. I suspect that if he hadn't died in '34, he would have taken that extra step and come up with what Steidlmayer finished fifty years later. Livermore understood AMT as well to some extent, though he didn't quite put it all together either.

If I haven't written something myself, I always provide attribution.

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  #27 (permalink)
Every Day I'm a n00b
San Tan Valley, AZ/USA
 
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I read the trading plan, with heavy annotation. The SLA AMT PDF is next. Thank you for those

Sent from my hltetmo using Tapatalk

-Jimmy
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  #28 (permalink)
Trading Apprentice
Chicago
 
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DbPhoenix View Post
I wrote it, but after having studied Wyckoff since '98. I had a tough time getting people to read Wyckoff's course. I can guess the reasons, but that doesn't really matter. Eventually I threw the chief elements into a can and shook it real hard and poured out the SLA. The AMT stuff was the result of my own research, though at the time there wasn't a whole lot out there. Wyckoff came just that close to AMT. I suspect that if he hadn't died in '34, he would have taken that extra step and come up with what Steidlmayer finished fifty years later. Livermore understood AMT as well to some extent, though he didn't quite put it all together either.

If I haven't written something myself, I always provide attribution.

Thanks for that... I found your insightful and certainly confirmed a lot of what I hold true about trading "price action"...
Kudos,
Krosen1

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  #29 (permalink)
Membership Temporarily Revoked
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Tape readers and day traders, how do you plan to "retire" from gluing to the screen every trading day and still make money?

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  #30 (permalink)
Banned: Vendor self-promotion
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Dorky View Post
Tape readers and day traders, how do you plan to "retire" from gluing to the screen every trading day and still make money?

Why would we want to? It's fun, it's interesting, and it's often fascinating. And as one grows older, keeping the "mind" active is critical. 90-120m a day and then the rest of the day to do as one pleases. Beats sitting around watching your toe nails turn yellow.

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