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How would you start learning futures all over again if you had to?


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How would you start learning futures all over again if you had to?

  #11 (permalink)
 bulge 
Dayton, Ohio
 
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bobarian View Post
I would stay away from indicators all together.Only real time things like volume would be used.Also, I believe the tails and the wicks on all time frames are the best for candlesticks.Also Engulfing.These are statement candles.I honestly wasted many years ignoring price action, and looking at indicators.

What do you mean by “tails and wicks on all time frames”?

Thank you.

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  #12 (permalink)
spawnxxx
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danielk View Post

A basket of good funds can fairly safely yield 10-30% returns without you lifting a finger. Make sure you can leverage your agility as a small trader to substantially outperform those figures before placing a live trade.

Hi, What good funds do you recommend?. I'm newbie and tried to search in google this but I don't know if I founded is correct: Ultra ProShares

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  #13 (permalink)
 
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 bobarian 
whitestone, new york
 
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bulge View Post
What do you mean by “tails and wicks on all time frames”?

Thank you.

sorry about that.If you look at candlesticks, you have the body, tail , and wick.When you see a huge tail at the lows on high volume at the lows of the day, typically there will be a bounce.Now, this happens on all time frames.There is a big difference tho, when its a 30 min tail compared to a 1min tail.With a 1min tail, you might expect a short term bounce.However, a 1min tail followed by a 5min tail is a good start, then watch the 30.

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  #14 (permalink)
 jbover 
Des Moines, Iowa/USA
 
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Look at FT71 - https://futurestrader71.com/under-construction/ he does a youtube video broadcast every morning at 8AM CST before the market open. Very good stuff, he teaches volume profile and covers other trader pertinent topics. He has done several trading webinars posted on this site. He also has hundreds of videos on youtube. He is from Stage5 Trading, but really does not promote it. He also uses Bookmap software (not necessary, and if you wanted to use it you could use the much less expensive Jigsaw software - see below). That said, you can learn everything you'll ever need from him w/o spending a dime on training.

Also look at Peter Davies from Jigsaw Trading - https://www.jigsawtrading.com/day-trading-home/ his website and webinars (several on this site and his website - also has a youtube page) have been invaluable to me. He uses order flow and volume profile. He posts a market view every morning (hasn't posted since 11/28) on this site (DTs market prep, username DionysusToast) before market open - . His Jigsaw orderflow software has been of great value to me, although not necessary. Once again you could probably get most of what you need from him w/o spending a penny.

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  #15 (permalink)
 bulge 
Dayton, Ohio
 
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bobarian View Post
sorry about that.If you look at candlesticks, you have the body, tail , and wick.When you see a huge tail at the lows on high volume at the lows of the day, typically there will be a bounce.Now, this happens on all time frames.There is a big difference tho, when its a 30 min tail compared to a 1min tail.With a 1min tail, you might expect a short term bounce.However, a 1min tail followed by a 5min tail is a good start, then watch the 30.

Thank you! Fascinating! I'll look for those elements.

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  #16 (permalink)
 
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 COTtrader 
JACKSON, MICHIGAN
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@bulge -- If I could start all over again, I would spend money on learning the art of professional trading from guys like Frank Ochoa and Rob Hoffman. Proven professional trading methods for understanding markets, reading markets and trading the markets. Had I been able to do that, I would have saved myself a good deal of money. Yet, for some traders, learning the hard way may be the only way.

COTtrader

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  #17 (permalink)
 bulge 
Dayton, Ohio
 
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COTtrader View Post
@bulge -- If I could start all over again, I would spend money on learning the art of professional trading from guys like Frank Ochoa and Rob Hoffman. Proven professional trading methods for understanding markets, reading markets and trading the markets. Had I been able to do that, I would have saved myself a good deal of money. Yet, for some traders, learning the hard way may be the only way.

COTtrader

I'll look into them, and thanks @COTtrader.

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  #18 (permalink)
 kevinkdog   is a Vendor
 
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COTtrader View Post
@bulge -- If I could start all over again, I would spend money on learning the art of professional trading from guys like Frank Ochoa and Rob Hoffman. Proven professional trading methods for understanding markets, reading markets and trading the markets. Had I been able to do that, I would have saved myself a good deal of money. Yet, for some traders, learning the hard way may be the only way.

COTtrader

Isn't Rob Hoffman the same guy who lost over $300K on a trade once?

https://www.elitetrader.com/et/threads/did-robert-hoffman-really-lose-312k-in-a-single-tf-trade-yikes.223845/

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  #19 (permalink)
 
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 TheShrike 
Bridgeport, Ct
 
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Listen to @danielk - longer timeframes. Also, once you get the elite membership look at the Spoo thread several years ago when tigertrader was posting regularly. Also check out Big Mike's thread when he detailed his trading daily. Those threads are invaluable and worth the membership alone. You don't need to purchase education. Most of it is a sham anyway.

edit : those are very large threads and it may take you several weeks/months of steady reading to get through them. Trust me, they are worth the effort

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Last Updated on December 6, 2017


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