Hi Alejo, Sorry about the recent turn of events. I thought Welly192's scalping was working fine for you a few weeks ago. Just my 2 cents. I would suggest maybe learning more "context" if you hadn't done so already. Maybe try out
Al Brook's videos. Are you still trading the ES? The ES is so difficult. It's probably the futures instrument most infiltrated by HFT and it's the biggest volume index futures. So yes, it may make a move like with a fakeout "trend" in the first hour or so, then a trend in the other way. Not every day, but ending up from day to day, some kind of overall difference. But it's harder to see it just from a 2000 tick with all the turns. I'm thinking Welly192's method works for now because it kind of knows where to make the opposite turn scalps after the HFT/algo stoprunning on each bend
as he claims his method is counter-intuitive to begin with. Maybe just having an extra chart, daily or hourly/15min showing the overall swinging of the ES can help. I know you are hands-off mode, so this is all just a sim or back history viewing suggestion.
The following user says Thank You to Cloudy for this post:
I dk if you already tried trading zf,zn, or even zb (I saw you liked some posts where people were discussing them) but they're very predictable instruments to trade intraday if all else fails. There's a lot of benefits to trading these instruments
- commission is a lot less
- they offer many instances to scale out and think about what you're doing. (builds discipline)
- they obey s/r lines & hh/LL more so than most other instruments
- if you lose power or internet they usually won't move far enough to do much damage in a 5 minute time frame to call the broker.
- extremely liquid
I really enjoy trading these futures because they rotate so much they're almost like a slowed down dummy version of the ES.
I've come to the conclusion that the bottom line is to make money even if that means sacrificing the entertainment value of fast moving instruments.
The following 2 users say Thank You to Itchymoku for this post:
thanks for your support, i do not how to trade, also i was in a adiction situation, then i stop, and take a look more distant, now i am try to undersatnd how my mind work and why is so difficult to made the right decisions to trade.
i am working with @wldman reading how to trade and commnet about that, and i try to find out how can i re try this, but i need to build/manage a different way to think/decide/control, otherwise i fail again
today is the 2 years i start to trade, and really it was a very sad and bad experiencies for me, lot of $, time, live i left there,
La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
The following 2 users say Thank You to alejo for this post:
I want to be sure that you understand that I can only make suggestions for you based on my experience and that I am not a guru...just a guy that does not want to see an honest and good man like you suffer needlessly. Trading is a very difficult and competitive way to try to make money. What I want you to do is change your pattern, stop trading and start to consider things from a different perspective. IMO when your focus is on losing you attract more opportunity to lose into your life. When you lose and it becomes ordinary you start to accept and expect to lose.
One of the hardest things for me still, but something that I must do is kill the losers when they are little. When you kill those little bastards small you can stack them up till you can stand on the pile to increase your view. We learn to love the little loser for the service it provides in guiding us to what we seek.
I hate to lose...even a few ticks, but I know that I have to get through that while gaining from the experience.
The following 5 users say Thank You to wldman for this post:
Actually self-coach trading is the only working method to develop profitable trading strategy. Following signals and webinars just embarass you from your own advancement, stuffing head with ideas that you need to sort out before to use.
The following user says Thank You to kernel for this post: