Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Look for the "CL trades" thread from Vince Virgill. There are few guys trading his system live on forum and publishing their results daily. Nothing too complicated and no really suffering of go-live phenomenons like slippage. Fixed stop loss, so no reason to move it.
Been trying to develop a method/plan of trading for a couple of years now, and joined nexusfi.com (formerly BMT) about a year and a half ago. Tried indicators/trading systems and nothing fit the bill for what I was looking for. After following numerous …
thank you for your idea, i was reading that thread a couple of months, it is very interesting.
i have trade cl in my horror months, and i use to love that
but really, i am not prepared for its volatility and speed
now i am focus on zn, it gives me more time to think, and its less risky for volatility reasons
also ,i think ,if i find a strategy that works for me with zn, i can increase size
i am almost completely lost, if you have some suggestions that you considerer could help me to trade zn, to know where i am stand up, perfect!
i am using js dom to try to read and trade with that,
thanks
alejo
La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Are you trading JS Dom only? Then John Grady's No BS ebook is helpful. But really, I would hope you are using a chart for finding your entries, and then the JS Dom for confirming same.
Here's a FREE Trading Course that may help. It's from Adam Grimes who covers trading and psychology. Based on price action which you can also learn from Al Brooks or Mack. See the PATS trading journals here for more.
Don't go live trying to perfect a system. That's what SIM is for.
last week i have finished an stage, i close the test to try scalping 1 and 2 tick and this week start to trying the scalping strategy with 5 stop loss and minimum 4 target in sim, and i try 100 samples and check the results.
It was good i took 4/5 days to cooling the heat i have with the live testing, of not move the stops.
I was feeling bad about that experiencies, instead of increasing the confident, that destroyed it.
I need to refocus on the track, I continue my practice on zn, I will continue to hand crafting the strategy, I have a lot of doubts, I realize the lot of of things than i need to know but in the other hand ,also i know that the problem is not the amount of knowledge, maybe the opposite is true.
The other day i went to close a sale with a client , and i saw he was checking some charts of forex, and he say he started to practicing 3 month ago, sim, no fear, he convert 10k in 90k, high confidence, and what true it is, at first we do not realize that we have the closest mindset necesary to become a sucessfull trader.
He show me two simple graph, w and 4 hs(1 monitor), and how ,he decide his entries, trend w, trend 4h,use stops, target>stops
that is.
simple.
I recomend him, to journal, and practice only that,and choose 1 instrument (he is practicing with 12)
we will see what happen when he start to trade live, and receive a big smack down...
When i try to learn MP, dom, etc, i feel strange, is that necesary?
Or the problem is to forget the big smackdown that i have received?
forget is not possible
live with that, maybe
trade with that...
we ll see
first i practice this strategy to see if i can be profitable with that.
must i watch more webinars? read more books?
La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
today i wake up with this new label, that s nice, but i not deserve that, i am only a begineer struggling as a crazy.
that is 5% members points levels,ok, it looks to big the label
It is motivating for my future, maybe, some times, become market wizard...
each day i feel the way is longer.
i was wonder how overcome the amount of info and material that look interesting out there, boks, webinars, etc.
and the limited time that one have it
maybe i have too much platforms , too much material to read, here in bmt theres a tons of interesting thing , to read, to watch, and i can lose my north
Also i have not re read my own thread, i think that is prioritary
Maybe i do not want to do it, ?
I have more than year of documented trades than never re read, i know that were horrible trades , i remember well
I am reading mind over market and theres a lot of ideas and things to learn and study and practice there
the same with wyckoff, yesterday another trader provide me more info, i am planning to join mext week a webinar for eurex.
Theres a lot of things to do
The question is , which one can help me in my path?
I receive a PM froma trader that suggest me to check a website, one more.NOOO!! please, no more
I say not and i not press the hyperlink.
I have the stage5 material,bmt ,books, tapereading videos, my journal,
the IDT says filter the info!
i would like to stop and say, with my knolwledge i have enough to create my handcraft
I need to learn how to realize if it fit or not my personality
I need to find and test at least 1 (i am here stage2)
as @Traderwolf says, maybe a couple of years in this stage...i hope not
but a couple of month ago, i talk with one trader that told me that after 6 years he is not get it, and continue be a member of a trading room...crazy (but he did not this path, journaling, find his own way)
i am starting to record the sessions, and maybe could be interesting to re watch the reversal, the priceaction, to learn. i need to find time to do that
i give me the task to re read my threads and extract the conclusions
the trade for today took more 3 hs to develop, i have the patience, to wait, that was good
i suggest, focus on your strategy test, on tape reading, on MP, try to simplify the platforms, find time to re read the threads. trading time 2 hs only, the rest study., focus
you need to find the strategy that work on sim for you with 1 lot
test you in live
try to work live with 1 lot
find your level of risk and trade it
good work
good luck
La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
I was going through your thread. I found that you had 3 ticks stop loss at the beginning of your trading journal. Did you got stopped very often? Which instrument did you trade initially?
well, i use to have 1 tick and 2 tick target, then i did not get stopped so much (i reach this conclusion after watching most trades only go 1 or 2 tick, and my plan was to capture that)but i use 3 lot for that strategy, i like it a lot
(the problem was when i try this live, it doesn not work because the live fills were different, almost 1 tick difference)
in the period of 24sept to 15 oct i went for big targets with 1 lot ,and there, i had have stopped a lot (now i am coming back to this period but with 5 tickstop
my idea was to close it imediatly if it goes bad, but i need some room to enter
ZN since i start the test in sept
thanks for your interest!
alejo
La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
