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)
It is not for big trade I use that for "normal trades". My stop is at 12 so I put first target at 12 and keep runners after if I find it appropriate and sometime I cut all at 12 or even before but at least after 12 I am conformable. That solve (partially) my biggest problem. Because I start to see big $ on the screen but not realized (just virtual) this is where I take stupid decisions that I regret after and when you play with several contract the numbers grow rapidly and instead of thinking in ticks you start to think in $ which is not very good. The other little tricks is to setup your DOM to show P&L in Ticks instead $. It is just a trick but it could works.
R.I.P. Olivier Terrier (aka "Okina"), 1969-2016.
Please visit this thread for more information.
Finally was able to scalp on sim...was very late to the party even-though I know price is going to going up after failing to break 48 I didn't take any real orders.
I know for someone outside (or maybe for someone inside too) of the trading community the effort is not at all worth but what to do I can't give it up. One freaking misread was the difference maker. Anyway, I am not taking this serious enough (I missed lot of trading days) that's the KEY here...good luck everyone. I am done for the week.
I missed this move in both oil and YM/ES. I am frustrated for not able to take signals due to all sorts of factors (personal/work/fear) only solution is to partially automate this i.e automate entries but exit manually. Only software I like for automation is Multicharts (Easy Language). Any suggestions out there for automation for Interactive Brokers?
Edit: This is exactly my problem, once I miss the opportunity I ALWAYS look for the other side because my brain thinks that's the right trade (sometimes it works exactly but on a trend day it won't).
Yup I am convinced that you don't need big account or multiple trades of flipping etc etc...YOU just freaking need a plan with stop/scale in's and lots of patience....I had everything lined up properly but couldn't execute the plan...my bad. Was in this oil trade from 46 with one point stop just freaking didn't hold on to it, instead made a nice hole to start the month....
Sent from my SAMSUNG-SM-G900A using Tapatalk
Edit: Tomorrow it seems oil report so I shouldn't be looking at oil instead will try to trade OR breakout system on SIM.
Trading: The one I'm creating in the present....Index Futures mini/micro, ZF
Posts: 2,311 since Nov 2011
Thanks Given: 7,341
Thanks Received: 4,518
Maybe download a copy of NT8 beta and try out their new Strategy Builder...???.... You can do a lot with it (compare data series i.e. ES & YM etc for confluences) and there's no C# coding but there still is a learning curve. Works with IB.
Ron
Sent from my iPhone using Tapatalk
Edit: grammar
...My calamity is My providence, outwardly it is fire and vengeance, but inwardly it is light and mercy...
The steed of this Valley is pain; and if there be no pain this journey will never end.
Buy Low And Sell High (read left to right or right to left....lol)
Jokes aside, explain what you did. Why didn't you trade what you see there? Give us something so we can help
I was trading the ES today. I was bullish going into the open and was able to ride the first up-leg for 5 points and then changed bias after market failed to push the day high (also internals and other markets were proving the bull-side to be weak). Once I changed my bias to the downside, I was able to capture a good chunk of the move again.
I guess what I am trying to say is in this game you have to be willing to admit defeat and to change bias when needed. I hope this helps!
