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New trader needing help.


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New trader needing help.

  #1 (permalink)
 bb7000 
San Antonio, Tx
 
Experience: None
Platform: Ninja Trader
Trading: Futures
Posts: 7 since Apr 2015
Thanks Given: 0
Thanks Received: 3

Hello, I'm a brand new trader and been trying to trade zb and tf. Not having much luck. Is there an indicator I can get to know when to buy and sell or any tips for me. I have no idea what I'm doing. But want to learn. thanks

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  #2 (permalink)
 
lemons's Avatar
 lemons 
Tallinn, Estonia
 
Experience: Beginner
Platform: SC
Trading: NAS100
Posts: 959 since Nov 2010

Trading Wyckoff way makes lot of sens to me :


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  #3 (permalink)
DrewDown
Kansas City, MO U.S.
 
Posts: 211 since Mar 2015
Thanks Given: 301
Thanks Received: 122


Rather than using indicators, I would recommend reading Wyckoff's law of supply and demand. Learn price action. If that is still hard, read up on using Bollinger bands and trade as many days as you can.

Beat me to it, Lemons. Great minds think alike.

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  #4 (permalink)
 
trendisyourfriend's Avatar
 trendisyourfriend 
Quebec Canada
Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader
Broker: AMP/CQG
Trading: ES, NQ, YM
Frequency: Daily
Duration: Minutes
Posts: 4,527 since Oct 2009
Thanks Given: 4,171
Thanks Received: 6,018

https://www.amazon.com/s/ref=nb_sb_noss_2?url=search-alias%3Dstripbooks&field-keywords=Seven%20Trading%20Systems%20for%20the%20S%26P%20Futures

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  #5 (permalink)
 
TheShrike's Avatar
 TheShrike 
Bridgeport, Ct
 
Experience: None
Broker: Tasty
Trading: Fops
Posts: 533 since Jun 2012
Thanks Given: 1,588
Thanks Received: 922


bb7000 View Post
Hello, I'm a brand new trader and been trying to trade zb and tf. Not having much luck. Is there an indicator I can get to know when to buy and sell or any tips for me. I have no idea what I'm doing. But want to learn. thanks

If you're trading real money, cease immediately! You're in waaay over your head right now. I would recommend just poking around the forum a bit.

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  #6 (permalink)
 
gregid's Avatar
 gregid 
Wrocław, Poland
 
Experience: Intermediate
Platform: NinjaTrader, Racket
Trading: Ockham's razor
Posts: 650 since Aug 2009
Thanks Given: 320
Thanks Received: 623


TheShrike View Post
If you're trading real money, cease immediately! You're in waaay over your head right now. I would recommend just poking around the forum a bit.

^^^THIS^^^

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  #7 (permalink)
 xandman 
Chicago IL
 
Experience: Intermediate
Platform: NT CQG TWS
Trading: Futures and FOPs
Posts: 59 since Mar 2014
Thanks Given: 7
Thanks Received: 15

Very unusual products to start in. It's like watching paint dry. The shortest time frame I would ever trade that would be a multi-day swing. Additionally, the ticks are huge in relation to the possible daily move.

I would recommend scalping Japanese Yen and the Euro in Demo Mode for a few months. There is sufficient volatility and liquidity to familiarize yourself with price action and volume behavior. There is a very good reason why membership seats are expensive for this type of product. Do a ton of reading while in demo mode.

Additionally, bring up a chart of ES and see how they are often correlated in the short term.

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  #8 (permalink)
 MacroNinja 
Buenos Aires Argentina
 
Experience: Advanced
Platform: NT, MT4, Sierra
Trading: S&P, Bonds, Crude, FX
Posts: 250 since Sep 2014
Thanks Given: 37
Thanks Received: 256

Learn the fundamentals of what drives the short end of the yield curve versus the long end of the yield curve first.

Make sure you know when the buy the spread versus selling the spread. This is going to be more important than any indicator. I would say that a cursory glance of the retail indicators available, none of them present an easy button solution, especially when it comes to bonds.

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  #9 (permalink)
 resirca52009 
Indianapolis, Indiana/ USA
 
Experience: Advanced
Platform: MT4, Ninjatrader
Broker: AMP / CQG
Trading: Futures
Posts: 64 since Oct 2012
Thanks Given: 112
Thanks Received: 35


TheShrike View Post
If you're trading real money, cease immediately! You're in waaay over your head right now. I would recommend just poking around the forum a bit.

I second that; park your desire to trade and read some of the invaluable knowledge in the forum, You're in a good place.......

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  #10 (permalink)
 bb7000 
San Antonio, Tx
 
Experience: None
Platform: Ninja Trader
Trading: Futures
Posts: 7 since Apr 2015
Thanks Given: 0
Thanks Received: 3


Thanks Guys. I'm now playing on Demo account. Just trying to figure all this out. Thanks for all the advice.

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Last Updated on May 21, 2015


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