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Help for finding a good method to trade Futures


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Help for finding a good method to trade Futures

  #1 (permalink)
 
masoud's Avatar
 masoud 
canada
 
Experience: Beginner
Platform: ninja
Trading: ES CL
Posts: 48 since Dec 2010
Thanks Given: 19
Thanks Received: 16

Hello Guys,

I have been looking around and spending more than 30K on systems and soft wares to trade Futures, but It was not helpful, Still can not find any system or method with a profitable result, So I want to ask for the members opinion about this and see anyone has any suggestion about a room or method?
So I appreciate if you please help me and share your experience about any system or method that I can use?

Thank you so much for your help.
Masoud

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  #3 (permalink)
 cencored 
Australia
 
Posts: 49 since Oct 2015


Just my 2cents, as a beginner I'd stay away from ES and CL (what you say are your favorite instruments). Both are no places for beginners. Particularly CL can be a mad dog if you haven't watched it for a very long time.
Personally I'd remove any indicators that you have, learn to draw proper s/r, and learn to read the market you are trading. It's all a matter of putting in the hours and applying yourself and your trade plan.

I know this is generic advice but it's true.

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  #4 (permalink)
 
casey44's Avatar
 casey44 
Louisville KY
 
Experience: Beginner
Platform: NT8
Trading: micros
Frequency: Daily
Duration: Minutes
Posts: 247 since Jan 2010
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recent thread along same lines...


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  #5 (permalink)
 
masoud's Avatar
 masoud 
canada
 
Experience: Beginner
Platform: ninja
Trading: ES CL
Posts: 48 since Dec 2010
Thanks Given: 19
Thanks Received: 16


cencored View Post
Just my 2cents, as a beginner I'd stay away from ES and CL (what you say are your favorite instruments). Both are no places for beginners. Particularly CL can be a mad dog if you haven't watched it for a very long time.
Personally I'd remove any indicators that you have, learn to draw proper s/r, and learn to read the market you are trading. It's all a matter of putting in the hours and applying yourself and your trade plan.

I know this is generic advice but it's true.

Thanks for your advice.

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  #6 (permalink)
 
masoud's Avatar
 masoud 
canada
 
Experience: Beginner
Platform: ninja
Trading: ES CL
Posts: 48 since Dec 2010
Thanks Given: 19
Thanks Received: 16


casey44 View Post
recent thread along same lines...


Thank you

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  #7 (permalink)
 MacroNinja 
Buenos Aires Argentina
 
Experience: Advanced
Platform: NT, MT4, Sierra
Trading: S&P, Bonds, Crude, FX
Posts: 250 since Sep 2014
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@masoud, most banks and hedgefunds spend millions in R&D and the top of the line systems, so the likelihood of even investing $100k to randomly find a profitable system is probably not going to happen.

Start with the foundations and getting your priorities straight. Become really good at managing risks. Know the bath behind risk management. Get so good at it, that your defense becomes offense, i.e. that you can take a random trade and squeeze out positive expectancy because of the quality of your risk management.

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  #8 (permalink)
 
masoud's Avatar
 masoud 
canada
 
Experience: Beginner
Platform: ninja
Trading: ES CL
Posts: 48 since Dec 2010
Thanks Given: 19
Thanks Received: 16


MacroNinja View Post
@masoud, most banks and hedgefunds spend millions in R&D and the top of the line systems, so the likelihood of even investing $100k to randomly find a profitable system is probably not going to happen.

Start with the foundations and getting your priorities straight. Become really good at managing risks. Know the bath behind risk management. Get so good at it, that your defense becomes offense, i.e. that you can take a random trade and squeeze out positive expectancy because of the quality of your risk management.

MacroNinja, Your first Sentence totally make sense I have never thought about it that way. However I am not looking for perfect system which I now it doesn't exist, something that you can invest your time on it. Thanks for the answer.

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  #9 (permalink)
 
dakine's Avatar
 dakine 
Volcano, HI
 
Experience: None
Platform: Ninja
Broker: AMP/CQG
Trading: Futura2000
Posts: 200 since Dec 2009
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Since you trade ES do you follow futurestrader71? Go through his webinars on here and check out his youtube channel if you haven't already. Alot of solid advice for new traders. If you like his style join his firm so you can gain access to his room.

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  #10 (permalink)
 GFIs1 
who cares
Legendary Market Wizard
 
Experience: None
Platform: nobody interested
Broker: none
Trading: forget about it
Posts: 6,921 since Feb 2012
Thanks Given: 6,181
Thanks Received: 15,564


As @dakine mentioned there is a whole bunch of great of information here on future.io

Best of all: it is nearly FREE!

Investment of the FIO membership is the longtime method for exchanging good advice for trading.
Which you obviously already have done.

Go to the webinar section and watch the great sessions done with some honored FIO members -
most done by Big Mike as moderator.
First they are very informative and some are really encouraging and motivating.

Don't pay for a "room" where you will not find free money but pay a fortune. Nor pay for expensive
webinars or courses. In the long run you need to find your own trading style and make a stringent
trading plan with good money management (means to find out when NOT to trade).

Good trades

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