Need a true Teacher Mentor - futures io
futures io



Need a true Teacher Mentor


Discussion in Trading Reviews and Vendors

Updated
      Top Posters
    1. looks_one Ty199 with 16 posts (27 thanks)
    2. looks_two spideysteve with 9 posts (7 thanks)
    3. looks_3 goodoboy with 7 posts (0 thanks)
    4. looks_4 DavidHP with 5 posts (26 thanks)
      Best Posters
    1. looks_one sbogatin with 8 thanks per post
    2. looks_two Mich62 with 6.3 thanks per post
    3. looks_3 DavidHP with 5.2 thanks per post
    4. looks_4 Ty199 with 1.7 thanks per post
    1. trending_up 23,901 views
    2. thumb_up 314 thanks given
    3. group 522 followers
    1. forum 138 posts
    2. attach_file 6 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • 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 and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

Need a true Teacher Mentor

(login for full post details)
  #1 (permalink)
Ty199
Joplin, Mo. Jasper
 
 
Posts: 45 since Sep 2019
Thanks: 16 given, 47 received

Really need help to learn. I have been trading for about 4 years and lost so much money. I paper trade and did use real money until I finally learned that I am not doing any good loosing my money. I have tried so many set ups, indicators all that stuff but cant get the solid foundation to start with. Im missing something somewhere and have been trying so long to find what it is. I want to learn ! I have to learn ! This is what I want to do... Even after all the lost money, failing and feeling like crap I still have a drive to do it and it has not slowed down. I am not getting something somewhere. Looking for a true person or group to teach me. I dont want to follow someone I want to be on my own after I learn. Recommendations on where to look and start ?

Reply With Quote
The following 7 users say Thank You to Ty199 for this post:

Journal Challenge April 2021 results (now extended!):
Competing for $1800 in prizes from Jigsaw
looks_oneMaking a Living with the Microsby sstheo
(254 thanks from 25 posts)
looks_twoSalao's Journalby Salao
(61 thanks from 12 posts)
looks_3Deetee’s DAX Trading Journal (time based)by Deetee
(48 thanks from 18 posts)
looks_4Learning to Profit - A journey in algorithms and optionsby Syntax
(37 thanks from 15 posts)
looks_5Maybe a little bit different journalby Malykubo
(17 thanks from 16 posts)
 
Best Threads (Most Thanked)
in the last 7 days on futures io
The Crude Dude Oil Trading System
83 thanks
Big Mike in Ecuador
76 thanks
Help improve the FIO community
41 thanks
The New Micro Contract - MICRO BITCOIN coming May 2021
30 thanks
futures io site changelog and issues/problem reporting
21 thanks
 
(login for full post details)
  #2 (permalink)
 kevinkdog   is a Vendor
 
 
Posts: 2,990 since Jul 2012
Thanks: 1,590 given, 5,937 received


Ty199 View Post
Really need help to learn. I have been trading for about 4 years and lost so much money. I paper trade and did use real money until I finally learned that I am not doing any good loosing my money. I have tried so many set ups, indicators all that stuff but cant get the solid foundation to start with. Im missing something somewhere and have been trying so long to find what it is. I want to learn ! I have to learn ! This is what I want to do... Even after all the lost money, failing and feeling like crap I still have a drive to do it and it has not slowed down. I am not getting something somewhere. Looking for a true person or group to teach me. I dont want to follow someone I want to be on my own after I learn. Recommendations on where to look and start ?

First step would be the figure out what kind of trading you like:

Chart/discretionary trading?
Systems/algo trading?
Combination of the 2?

Then what type of instruments:

Stocks?
Futures
Forex?
Crypto?

Once you know those 2 things, then seek out information on your chosen path. Don't sign up with an "educator" right away - most are scams, and most do not even trade (full disclosure: I am an educator).

Get your hands or free or nearly free info: books, internet sites, etc. Learn as much as you can. Absorb as much as you can, until you feel full of knowledge.

Then, and only then, seek out experts in your chosen path.


NOTE: Most people jump right to the first "educator" who dangles a pretty equity curve, because what I propose takes time and effort Don't fall for the scams. Realize trading is HARD work - treat it that way.

Follow me on Twitter Reply With Quote
The following 14 users say Thank You to kevinkdog for this post:
 
(login for full post details)
  #3 (permalink)
Ty199
Joplin, Mo. Jasper
 
 
Posts: 45 since Sep 2019
Thanks: 16 given, 47 received


I am very weary of anyone who wants to sign up and pay them to take a course. There is a lot of scams out there and find a legit person has been pretty much impossible so far. I Day Trade, its my type of trading that I get to interact and be active. Chart trading, algo systems both are what I want to learn , but being best at one is fine. I am only interested is Futures. I started with penny stocks and that just sent me to not liking stocks pretty much. I see stocks as a long term trading. I tried Forex and found that it seems like MT4 was designed by a grade school class. I did not like it and I never found interest in currencies. My opinion ,,, Cryto is a bunch of junk, there is nothing there to back it, I dont see anything there period that you actually purchase and resale. Its all made up from nothing. I have traded it but just as a try it for fun , never looked at it as something real. I wont keep going on it as I could for a while. But when I found the Futures market it went so simple to understand ticks and points and you know what it cost to buy a contract, what each tick is worth, just so much cleaner not trying to think I need 1000 shares to be 10$ a penny move. 1000 shares of ABCD at 16.98 isnt as easy as seeing 1 CL contract is $10 a tick . Easy to figure what P/L to look at. How much to invest as a percentage wise. Plus you use the market, not very ofton is there a huge dump or spike out of nowhere for no reason. Ok I will stop rambling. But trading the E Minis and some Oil and Gold is easier to keep up with than a bunch of stocks that you cant keep track of and trade so many of them. I want to learn the Eminis and some Oil and Gold and get them down solid on how they like to move.
I also have read and listened to so many people about how to learn to trade but none truly show you. So many say stuff that the other says is BS. I have paid for a course and I believe the guy to be honest and truthful. But still never gave a real way to trade. I am not the smartest I will admit that and have no problem. But Im not dumb, not lazy, and want to succeed at trading. I love it, even when I hate it. It becomes a part of you almost. Ok done on the rant but Day Trading Futures is what gets me wanting to learn more and not give up. 4 almost 5 years of loosing I think shows I want this. I did it everyday paper trade or real account. I was there and put the time in but just cant see what Im missing

Reply With Quote
The following 5 users say Thank You to Ty199 for this post:
 
(login for full post details)
  #4 (permalink)
 LastDino 
Legendary Pratik_4Clover
Mumbai, India
 
Experience: Beginner
Platform: TradingView & ZerodhaKite
Trading: Crude, NIFTY, BANKNIFTY
 
LastDino's Avatar
 
Posts: 890 since Jan 2019
Thanks: 2,744 given, 2,579 received


Quoting 
I was there and put the time in but just cant see what Im missing

Journal often helps in this case.

I've been spending quite a bit of time here in last year or so, I just pick-up a thread and read. Its fascinating how many things I thought I was doing right and was proven wrong. After that it was not surprising for me to see why even my wholehearted effort was not resulting in strong positive money performance.

Read journals and make one yourself as well if you have not already.

I can't personally recommend any mentor, I've not really done that myself so just take my words with pinch of salt.

Visit my futures io Trade Journal Reply With Quote
The following 4 users say Thank You to LastDino for this post:
 
(login for full post details)
  #5 (permalink)
 rlstreet 
Arnhem, The Netherlands
 
Experience: Intermediate
Platform: NinjaTrader, Zorro
Broker: RCG/Continuum, IB, Oanda
Trading: Futures: FDAX, GC, ES, CL also: FX, CFD, ETF
 
rlstreet's Avatar
 
Posts: 74 since Aug 2012
Thanks: 47 given, 84 received

Before seeking advice from others maybe start with the question why you want to trade as there are a lot of easier ways of making money.

And if you have the passion for it, reading your post and troubles you have gone through certainly points that way, it is also advisable to have an extra income on the side. Don't bet the farm on a trading income.

So get the pressure of this learning phase on one hand but on the other hand try to learn with real money on the line, no paper trading. Just do it very small, not too much leverage, just so you can sleep at night when things go south. And when things are going terribly wrong the better, your job is to endure that little pain and eval your own reaction. You have.to train that skill. So in time you can psychologically can handle more leverage. For every person this is different. Some of us have natural talent most of us haven't because our baked in flight fight response

So start with proving to yourself that you can handle a small account. Consider a modest profit, at least not blowing up the account as an real achievement. That will build your confidence more than any mentor can do.






Sent using the futures.io mobile app

Reply With Quote
The following 3 users say Thank You to rlstreet for this post:
 
(login for full post details)
  #6 (permalink)
 DavidHP 
Legendary Market Wizard
New Orleans, La (Mardi Gras City)
 
Experience: Advanced
Platform: NinjaTrader
Broker: Ninjatrader / Optimus Futures / AmpFutures
Trading: ES / 6E / 6B / CL
 
DavidHP's Avatar
 
Posts: 1,376 since Aug 2009
Thanks: 10,028 given, 2,410 received


Ty199 View Post
Really need help to learn. I have been trading for about 4 years and lost so much money. Recommendations on where to look and start ?

First of all. 4 years may not be enough time.
The biggest thing for me was 'screen time'.
I was not able to spend much time with 'actual' market screen time at first.
I had a job, family, friends etc that took much of my time during market hours.

When I devoted more time to just watching the market I noticed there are trends and rhythms.
It is like dating a new girl. At first you don't know what she likes and does not like. But after spending some time with her, you either find what she likes and hates or you find a new girl. You will NEVER be able to always know what will work, but your time with her will be enjoyable anyway.

There are no Holy Grails.
The best way to trade is the way that YOU are comfortable trading.
Your biggest edge is being able to enjoy trading.
You already know some 'methods' so put them to work for you.

Here is my suggestion:
DON"T PAPER TRADE
Decide what you want to trade.
I suggest ES, YM, NQ, etc (very active futures)
Once you decide on ONE not all. Create some simple charts with only two indicators.
(I suggest moving averages or vwap)
These ARE NOT Holy Grails. But they help to see the trend and support.
Then watch the chosen chart for a month EVERY DAY.
If you add indicators keep them simple.
Indicators ONLY indicate they do not predict.

(If you have a system that has worked for you it may be ok to watch that.)
It is hard for me to know if the way you currently trade is even a possible method.

After you have watched the chart for a while, bring up a similar chart of the MICRO version of that futures contract. (i.e. ES = MES / NQ = MNQ / YM = MYM) These are VERY small mirrors of your chosen target. Start trading using these micro contracts. LIVE.

Use very conservative entries and exits. NEVER let the trade get away from you and not use an appropriate stop. Just because they are small, you are developing skill and you don't want to learn bad habits.

By trading the micros live and not paper you will learn the rhythm of your chosen contract.
You will be able to 'relax' into the way it feels and trades and not risk the farm in doing this.
You will develop transferable habits that you can use on the full contract after you become consistent.

This may help to allow you to practice without developing the bad habit of paper trading.

Rejoice in the Thunderstorms of Life . . .
Knowing it's not about Clouds or Wind. . .
But Learning to Dance in the Rain ! ! !
Follow me on Twitter Reply With Quote
 
(login for full post details)
  #7 (permalink)
 PilotTrader 
New Brunswick NJ/USA
 
Experience: Intermediate
Platform: NT7, NT8
Trading: NQ, CL, GC, NG, HG
 
PilotTrader's Avatar
 
Posts: 154 since Aug 2014
Thanks: 90 given, 346 received


Ty199 View Post
Really need help to learn. I have been trading for about 4 years and lost so much money. I paper trade and did use real money until I finally learned that I am not doing any good loosing my money. I have tried so many set ups, indicators all that stuff but cant get the solid foundation to start with. Im missing something somewhere and have been trying so long to find what it is. I want to learn ! I have to learn ! This is what I want to do... Even after all the lost money, failing and feeling like crap I still have a drive to do it and it has not slowed down. I am not getting something somewhere. Looking for a true person or group to teach me. I dont want to follow someone I want to be on my own after I learn. Recommendations on where to look and start ?

If you are interested in trading futures, I highly recommend SMB Futures.

Here's a forum thread on SMBF and Merritt Black, head of SMB Futures:

DM me if you wish more detailed information. BTW, just fyi, I am not affiliated with SMBF but have taken their Market Profile & Futures Foundation Course and am currently in Merritt Black's mentoring class.

Good luck to you,
Ricardo aka PilotTrader

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 5 users say Thank You to PilotTrader for this post:
 
(login for full post details)
  #8 (permalink)
 phantomtrader 
Reno, Nevada
 
Experience: Advanced
Platform: NinjaTrader
Trading: ZN, ZB, CL
 
phantomtrader's Avatar
 
Posts: 357 since May 2011
Thanks: 107 given, 615 received

You need to learn to test your ideas. The best way IMO is TradeStation where you can learn EasyLanguage which is an offshoot of C++. There are templates in TS (I wrote one of them) where you can just fill in the blanks and test your setups. EL is extremely easy to learn.
The EL library contains all the mathematical functions and indicators you need. You simply plug them in to the template and test, test, test.
Ninja is too difficult and their testing engine is crap.

You can't compete in this business without a thorough, back tested strategy. You can learn order flow with Jigsaw or John Grady which is also helpful. However, if you're trading the ES or the NQ the DOM is practically useless as the market moves too fast and the computer algos are running hundreds of times faster than you can execute a trade. Bonds are different - there you have a chance with using the Jigsaw DOM. I don't know about currency futures as I only trade bonds, but you might look at them as well. CL volatility is too strong, especially right now - I'd stay away from that.

In any case, if you can't test your ideas, you're wasting your time in this business.

Reply With Quote
The following 4 users say Thank You to phantomtrader for this post:
 
(login for full post details)
  #9 (permalink)
 phantomtrader 
Reno, Nevada
 
Experience: Advanced
Platform: NinjaTrader
Trading: ZN, ZB, CL
 
phantomtrader's Avatar
 
Posts: 357 since May 2011
Thanks: 107 given, 615 received


PilotTrader View Post
If you are interested in trading futures, I highly recommend SMB Futures.

Here's a forum thread on SMBF and Merritt Black, head of SMB Futures:

DM me if you wish more detailed information. BTW, just fyi, I am not affiliated with SMBF but have taken their Market Profile & Futures Foundation Course and am currently in Merritt Black's mentoring class.

Good luck to you,
Ricardo aka PilotTrader

SMB also costs a fortune - and as we all know, there's no guarantee of success. Most of their videos show they are trading stocks, not futures. I wouldn't trust their business model.

Reply With Quote
The following 5 users say Thank You to phantomtrader for this post:
 
(login for full post details)
  #10 (permalink)
 PilotTrader 
New Brunswick NJ/USA
 
Experience: Intermediate
Platform: NT7, NT8
Trading: NQ, CL, GC, NG, HG
 
PilotTrader's Avatar
 
Posts: 154 since Aug 2014
Thanks: 90 given, 346 received



phantomtrader View Post
SMB also costs a fortune - and as we all know, there's no guarantee of success. Most of their videos show they are trading stocks, not futures. I wouldn't trust their business model.

Yes, it does cost a lot. But for me personally, it has been well worth the investment. Also agree that there is no guarantee of success, such is life, generally.

Regards
Ricardo aka 'PilotTrader'

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to PilotTrader for this post:
 
(login for full post details)
  #11 (permalink)
 rlstreet 
Arnhem, The Netherlands
 
Experience: Intermediate
Platform: NinjaTrader, Zorro
Broker: RCG/Continuum, IB, Oanda
Trading: Futures: FDAX, GC, ES, CL also: FX, CFD, ETF
 
rlstreet's Avatar
 
Posts: 74 since Aug 2012
Thanks: 47 given, 84 received

@phantomtrader "In any case, if you can't test your ideas, you're wasting your time in this business."

Like you I like quantifiable edges as this fits my believe system, and keeps me going when thing gets rough. But other people trade more out more fundemental reasons which are less testable, but believe in these fundementals keeps them going.

There are many ways of making money in the markets. I like to think there is no one right way in trading.

Sent using the futures.io mobile app

Reply With Quote
The following 2 users say Thank You to rlstreet for this post:
 
(login for full post details)
  #12 (permalink)
 wyz00888 
Longyan Fujian/China
 
Experience: Beginner
Platform: Multicharts
Trading: ES
 
Posts: 56 since Apr 2015
Thanks: 27 given, 46 received


Ty199 View Post
Really need help to learn. I have been trading for about 4 years and lost so much money. I paper trade and did use real money until I finally learned that I am not doing any good loosing my money. I have tried so many set ups, indicators all that stuff but cant get the solid foundation to start with. Im missing something somewhere and have been trying so long to find what it is. I want to learn ! I have to learn ! This is what I want to do... Even after all the lost money, failing and feeling like crap I still have a drive to do it and it has not slowed down. I am not getting something somewhere. Looking for a true person or group to teach me. I dont want to follow someone I want to be on my own after I learn. Recommendations on where to look and start ?



Do you prefer scalping or intraday swing trade, or even daily swing trading? If you want to scalping, And want to learn orderflow, I recommend Kevin Toch’s one on one DOM trading mentoring, and Walter’s ttwatrader’s Bookmap master class. I can also recommend you good course for intraday or daily swing trading course, you can PM me for more details.

Reply With Quote
 
(login for full post details)
  #13 (permalink)
Ty199
Joplin, Mo. Jasper
 
 
Posts: 45 since Sep 2019
Thanks: 16 given, 47 received


DavidHP View Post
First of all. 4 years may not be enough time.
The biggest thing for me was 'screen time'.
I was not able to spend much time with 'actual' market screen time at first.
I had a job, family, friends etc that took much of my time during market hours.

When I devoted more time to just watching the market I noticed there are trends and rhythms.
It is like dating a new girl. At first you don't know what she likes and does not like. But after spending some time with her, you either find what she likes and hates or you find a new girl. You will NEVER be able to always know what will work, but your time with her will be enjoyable anyway.

There are no Holy Grails.
The best way to trade is the way that YOU are comfortable trading.
Your biggest edge is being able to enjoy trading.
You already know some 'methods' so put them to work for you.

Here is my suggestion:
DON"T PAPER TRADE
Decide what you want to trade.
I suggest ES, YM, NQ, etc (very active futures)
Once you decide on ONE not all. Create some simple charts with only two indicators.
(I suggest moving averages or vwap)
These ARE NOT Holy Grails. But they help to see the trend and support.
Then watch the chosen chart for a month EVERY DAY.
If you add indicators keep them simple.
Indicators ONLY indicate they do not predict.

(If you have a system that has worked for you it may be ok to watch that.)
It is hard for me to know if the way you currently trade is even a possible method.

After you have watched the chart for a while, bring up a similar chart of the MICRO version of that futures contract. (i.e. ES = MES / NQ = MNQ / YM = MYM) These are VERY small mirrors of your chosen target. Start trading using these micro contracts. LIVE.

Use very conservative entries and exits. NEVER let the trade get away from you and not use an appropriate stop. Just because they are small, you are developing skill and you don't want to learn bad habits.

By trading the micros live and not paper you will learn the rhythm of your chosen contract.
You will be able to 'relax' into the way it feels and trades and not risk the farm in doing this.
You will develop transferable habits that you can use on the full contract after you become consistent.

This may help to allow you to practice without developing the bad habit of paper trading.

I am doing micros now learning that profit is profit and not just looking for a trade of 100's every time. A 20$ profit on a trade is good on a micro and would be good on a Emini. Say NQ or ES , those are the ones I like the best. MNQ and MGC would be my 2 that I would want to trade. I have tried moving averages and cant seem to get a solid pattern with them, the VWAP is confusing as i have found so many that say what works for them is not the same for others. The VWAP bounce seems to never work for me, it dont bounce and hits my SL. I think reading the charts would be the best, looking at what is happening and having a very good indication of what its going to do.

Reply With Quote
The following user says Thank You to Ty199 for this post:
 
(login for full post details)
  #14 (permalink)
 DavidHP 
Legendary Market Wizard
New Orleans, La (Mardi Gras City)
 
Experience: Advanced
Platform: NinjaTrader
Broker: Ninjatrader / Optimus Futures / AmpFutures
Trading: ES / 6E / 6B / CL
 
DavidHP's Avatar
 
Posts: 1,376 since Aug 2009
Thanks: 10,028 given, 2,410 received


Ty199 View Post
I am doing micros now learning that profit is profit and not just looking for a trade of 100's every time. A 20$ profit on a trade is good on a micro and would be good on a Emini. Say NQ or ES , those are the ones I like the best. MNQ and MGC would be my 2 that I would want to trade. I have tried moving averages and cant seem to get a solid pattern with them, the VWAP is confusing as i have found so many that say what works for them is not the same for others. The VWAP bounce seems to never work for me, it dont bounce and hits my SL. I think reading the charts would be the best, looking at what is happening and having a very good indication of what its going to do.

You can use any system that has an edge for you.
The reason I suggested a mostly empty chart with just moving averages is because the exercise is to get screentime in the market of your choice. If you put moving averages on a chart you should understand their purpose. They are to show how extended from the 'average' price is. They give you and idea of the way the market moves above and below average and then returns. (rhythm).

I personally don't take trades from standard moving averages. My trading chart uses anchored VWAP mostly but I have at least one ema/sma on my charts.

Here is a chart I posted in a different thread.
I posted it to show how I was thinking short but the market was saying ??? You are going short when the market keeps bouncing from the 50. What are you thinking.
As you can see, the average shows the market is in a uptrend and shorting was not wise unless it was a scalp at the top of the rhythm waves. (there was more risk to be short)

50 Bounce (ES on 1000 Delta Chart)

Rejoice in the Thunderstorms of Life . . .
Knowing it's not about Clouds or Wind. . .
But Learning to Dance in the Rain ! ! !
Follow me on Twitter Reply With Quote
The following 5 users say Thank You to DavidHP for this post:
 
(login for full post details)
  #15 (permalink)
 Mich62 
Netherlands
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: IB, NinjaTrader Brokerage
Trading: Commodities, (crypto)currencies & equities
 
Mich62's Avatar
 
Posts: 311 since May 2012
Thanks: 340 given, 536 received


Ty199 View Post
I have tried so many set ups, indicators all that stuff but cant get the solid foundation to start with. Im missing something somewhere and have been trying so long to find what it is.


Ty199 View Post
I think reading the charts would be the best, looking at what is happening and having a very good indication of what its going to do.

It seems to me that indeed a good solid foundation is missing. As long as you don't have a good foundation all the trying will cost you till someday you may accidentally stumble across something which resonates with you.

So the question is where to get a good foundation? That's where someone with a lot of experience, call it a mentor, can help. Someone who studied the market for a long time and paid his dues. Someone who walk the talk. Preferable someone who has written down his knowledge so it can be studied. How do you know this person is a trader and not an educator without real successful experience? How do you know his methods work? You look at their track record.

For example Peter L. Brandt, trading commodity futures for the intermediate- & longer term. He runs his own hedge fund successfully since long and published his trading record in his book "Diary of a Professional Commodity Trader: Lessons from 21 Weeks of Real Trading".

Or Mark Minervini who won the US championship and is featured in Jack Schwager's Market Wizards together with Pit Bull Marty Schwartz, Linda Raschke and others.

Now Peter Brandt may not resonate with you because of the longer term trading and Mark Minervini not because he trades stocks. Because of these reasons I don't recommend them in particular for you. Nevertheless one will pick up valuable things from their books which one can use in developing one's own personal foundation and trading method. And that's what it's all about, a personal style in tune with one's temperament.

I will name a few "mentors" (with a real trading background, not educators or brokers) who will give you a good foundation for what I think is your preferred way of trading, that is intraday trading using chart reading / price action:

1. Linda Raschke, more than 40 years of experience with a consistent approach (foundation). Traded on the floor (verifiable). Focus on the LBR310 indicator. Watch her videos here on FIO and on YouTube. Search for "Professional Trading Techniques" by Linda Bradford Raschke pdf.

2. Richard Wyckoff developed a great foundation based on support and demand rules. He spent his whole life studying and describing the markets.

He left us with a great legacy (in the form of his books and a course) which, when studied, will make you aware of important eye opening (at least for me) aspects of trading like:

"There are those who think they are studying the market -- what all they are doing is studying what someone said about the market -- not what the market said about itself"

or

"Listen to what the market is saying about others, not what others are saying about the market"

This requires a lot of work & screen time (and the guts to take responsibility). How to analyze a market is one thing. To trade it is something completely different.

Some good resources regarding the Wyckoff method:
- Studies in Tape Reading. More versions online available. Also named " The Day Traders Bible".
- The Wyckoff Method: A Tutorial
- Richard Wyckoff method.

One can make a living by only trading springs and upthrusts (David Weis in "Trades About to Happen: A Modern Adaptation of the Wyckoff Method").

3. Bob Volman wrote "Forex Price Action Scalping: an in-depth look into the field of professional scalping" on chart reading with clearly defined setups and in-depth view on scalping & price action. He has no verified track record but wrote only two books and doesn't sell anything else so I regard him as a professional trader.

4. Lance Beggs ( YourTradingCoach) offers a course with clearly designed setups. He writes a lot on different aspects of intraday trading on his blog. He has no verified track record but offers a clear, understandable and useful trading approach.

His setups are more or less described in the free e-book " Trading Decision Points" and in the corresponding blog " NiftyNirvana" (see e-books at the bottom). I think the setups in this free e-book can provide a consistent income when trained long enough and it suits one's personality.

At last there is this remarkable fellow under the name Verniman who calls out his ES trades in real time (verifiable but maybe sim). You can follow him every day via Twitter for $30 a month or for free via https://twitter.com/verniman (see blog link there). I think he is a good example of someone who trades his own developed specific method. Maybe difficult to replicate (that should not be the goal) but there is something to learn nevertheless (for example discipline).

Focus on one instrument only, be it MES or MNQ. No internet and no e-mail during trading. Trade live and analyze your trades thoroughly. Think about starting a journal here on FIO for feed back. Good luck.

-Mich

p.s. I am not affiliated with either one mentioned.

Visit my futures io Trade Journal Reply With Quote
The following 16 users say Thank You to Mich62 for this post:
 
(login for full post details)
  #16 (permalink)
 DrPatrick 
Murfreesboro, TN, USA
 
Experience: Intermediate
Platform: ThinkorSwim
Broker: Thinkorswim
Trading: emini ES
 
Posts: 8 since Feb 2017
Thanks: 2 given, 22 received

I highly recommend Randall Hudgens as a trading coach and mentor. He loves options but also trades futures. He teaches daytrading, but also swing trading and longer term trading. He is the real deal and also works with a trading mindset coach (who I also highly recommend.) You can see him on Twitter @stkoptioncoach or his website https://www.stockoptioncoach.com/. He is a great guy and the real deal.

Follow me on Twitter Reply With Quote
The following 3 users say Thank You to DrPatrick for this post:
 
(login for full post details)
  #17 (permalink)
 LonnieMSP 
Minneapolis
 
Experience: Intermediate
Platform: Sierra Chart
Broker: Optimus Futures, CQG
Trading: E-mini ES,
 
LonnieMSP's Avatar
 
Posts: 27 since May 2019
Thanks: 342 given, 45 received


kevinkdog View Post
First step would be the figure out what kind of trading you like:

Chart/discretionary trading?
Systems/algo trading?
Combination of the 2?

Then what type of instruments:

Stocks?
Futures
Forex?
Crypto?

Once you know those 2 things, then seek out information on your chosen path. Don't sign up with an "educator" right away - most are scams, and most do not even trade (full disclosure: I am an educator).

Get your hands or free or nearly free info: books, internet sites, etc. Learn as much as you can. Absorb as much as you can, until you feel full of knowledge.

Then, and only then, seek out experts in your chosen path.


NOTE: Most people jump right to the first "educator" who dangles a pretty equity curve, because what I propose takes time and effort Don't fall for the scams. Realize trading is HARD work - treat it that way.

Along with what @DavidHP said, I think @kevinkdog should get you on the right path. Don't overthink this. You have two very successful traders offering up advice that you should stop, think and take it to heart.

Reply With Quote
The following 3 users say Thank You to LonnieMSP for this post:
 
(login for full post details)
  #18 (permalink)
 DataMagic 
Cincinnati OHIO
 
Experience: Advanced
Platform: MultiChart
Trading: ES
 
Posts: 1 since Jun 2019
Thanks: 0 given, 1 received

before any further real money trading, you ‘d better evaluate what kind of trader you are : your personal/mental strength/weakness, Long term/short preference. Large/small draw down tolerance. From that point : find/search most suitable indicator/signal and build up rule based method (for me it is automatic signal/trading in MultiChart, I develop my own signal). It really doesn’t matter what kind of system/indicator/signal you use, any methods have pros/cons (For the one I use, I always use program to go through all possible outcome in certain time frame to validate first). Trading is Just a game if you took that as a result of probability!

Reply With Quote
The following user says Thank You to DataMagic for this post:
 
(login for full post details)
  #19 (permalink)
 c7ulm 
london
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Emini ES, Crude CL Gold GC
 
Posts: 1 since Feb 2018
Thanks: 1 given, 1 received

Awais bokhari a genuine trader/teacher, took me 4yrs to find him.
He has opentrader, and emini player.
Check him out.

Reply With Quote
The following user says Thank You to c7ulm for this post:
 
(login for full post details)
  #20 (permalink)
 Aurac 
London+United Kingdom
 
Experience: Advanced
Platform: eSignal
Broker: InteractiveBrokers
Trading: If it moves...
 
Aurac's Avatar
 
Posts: 34 since Jan 2013
Thanks: 28 given, 61 received


Ty199 View Post
I am very weary of anyone who wants to sign up and pay them to take a course. There is a lot of scams out there and find a legit person has been pretty much impossible so far. I Day Trade, its my type of trading that I get to interact and be active. Chart trading, algo systems both are what I want to learn , but being best at one is fine. I am only interested is Futures. I started with penny stocks and that just sent me to not liking stocks pretty much. I see stocks as a long term trading. I tried Forex and found that it seems like MT4 was designed by a grade school class. I did not like it and I never found interest in currencies. My opinion ,,, Cryto is a bunch of junk, there is nothing there to back it, I dont see anything there period that you actually purchase and resale. Its all made up from nothing. I have traded it but just as a try it for fun , never looked at it as something real. I wont keep going on it as I could for a while. But when I found the Futures market it went so simple to understand ticks and points and you know what it cost to buy a contract, what each tick is worth, just so much cleaner not trying to think I need 1000 shares to be 10$ a penny move. 1000 shares of ABCD at 16.98 isnt as easy as seeing 1 CL contract is $10 a tick . Easy to figure what P/L to look at. How much to invest as a percentage wise. Plus you use the market, not very ofton is there a huge dump or spike out of nowhere for no reason. Ok I will stop rambling. But trading the E Minis and some Oil and Gold is easier to keep up with than a bunch of stocks that you cant keep track of and trade so many of them. I want to learn the Eminis and some Oil and Gold and get them down solid on how they like to move.
I also have read and listened to so many people about how to learn to trade but none truly show you. So many say stuff that the other says is BS. I have paid for a course and I believe the guy to be honest and truthful. But still never gave a real way to trade. I am not the smartest I will admit that and have no problem. But Im not dumb, not lazy, and want to succeed at trading. I love it, even when I hate it. It becomes a part of you almost. Ok done on the rant but Day Trading Futures is what gets me wanting to learn more and not give up. 4 almost 5 years of loosing I think shows I want this. I did it everyday paper trade or real account. I was there and put the time in but just cant see what Im missing

It appears to me that your focus seems to be on making money rather than learning to trade. Imagine someone wanting to earn a living from tennis going on tour trying to win matches. They will fail miserably. Their focus should be on learning learning how to play tennis and getting fit, etc. Then after learning the process of playing tennis, they can start playing matches and they will lose at first. But all the time they will be learning and getting better at the process of playing tennis.
There are no low hanging fruit in trading any more. Every time you step on to the field you are going against professionals that have exemplary trading processes. Unless you are aligned with them....you will lose.
If I were you I would learn how to trade, which means developing a really good trading system. I think these are very difficult to do starting from scratch. So you need to find a suitable one that fits in with your ideas about trading (of which you seem to have some strong opinions) and then adapt it to your personality.
I would start here https://www.vantharp.com/ and go through all the free stuff of which they have a lot.
At the end of that process you will have a different idea of trading than you have now. It will also help you in your search for a suitable system.
You will also need to let go of all your opinions otherwise you will not find truth which is what you are missing.

Reply With Quote
The following 6 users say Thank You to Aurac for this post:
 
(login for full post details)
  #21 (permalink)
 FastNCurious 
saint louis MO
 
Experience: Intermediate
Platform: TradeStation
Trading: NQ, ES, YM, CL, GC
 
FastNCurious's Avatar
 
Posts: 116 since Oct 2017
Thanks: 75 given, 125 received


Ty199 View Post
I am very weary of anyone who wants to sign up and pay them to take a course. There is a lot of scams out there and find a legit person has been pretty much impossible so far. I Day Trade, its my type of trading that I get to interact and be active. Chart trading, algo systems both are what I want to learn , but being best at one is fine. I am only interested is Futures. I started with penny stocks and that just sent me to not liking stocks pretty much. I see stocks as a long term trading. I tried Forex and found that it seems like MT4 was designed by a grade school class. I did not like it and I never found interest in currencies. My opinion ,,, Cryto is a bunch of junk, there is nothing there to back it, I dont see anything there period that you actually purchase and resale. Its all made up from nothing. I have traded it but just as a try it for fun , never looked at it as something real. I wont keep going on it as I could for a while. But when I found the Futures market it went so simple to understand ticks and points and you know what it cost to buy a contract, what each tick is worth, just so much cleaner not trying to think I need 1000 shares to be 10$ a penny move. 1000 shares of ABCD at 16.98 isnt as easy as seeing 1 CL contract is $10 a tick . Easy to figure what P/L to look at. How much to invest as a percentage wise. Plus you use the market, not very ofton is there a huge dump or spike out of nowhere for no reason. Ok I will stop rambling. But trading the E Minis and some Oil and Gold is easier to keep up with than a bunch of stocks that you cant keep track of and trade so many of them. I want to learn the Eminis and some Oil and Gold and get them down solid on how they like to move.
I also have read and listened to so many people about how to learn to trade but none truly show you. So many say stuff that the other says is BS. I have paid for a course and I believe the guy to be honest and truthful. But still never gave a real way to trade. I am not the smartest I will admit that and have no problem. But Im not dumb, not lazy, and want to succeed at trading. I love it, even when I hate it. It becomes a part of you almost. Ok done on the rant but Day Trading Futures is what gets me wanting to learn more and not give up. 4 almost 5 years of loosing I think shows I want this. I did it everyday paper trade or real account. I was there and put the time in but just cant see what Im missing

I can honestly say in my experience that systems/algo trading is the most important step I have ever taken in my trading education. Ironically the first one to respond to your thread, Kevin Davey, is also the greatest resource I have found on the subject and he offers so much free education to help you get started. I would check out every free video he has on youtube and get on his mailing list right away and just gobble up every last morsel of his material as it is very helpful and educational. Later down the road after you have agreed that algo trading is the way to go to reach consistent profit without emotion involved I would invest in a good walkforward processor to help you with the heavy lifting of backtesting the proper way.

for me as it was for Kevin Davey, discretionairy trading was a recipe for disaster for my health and wealth. Algo is not easy but very rewarding. Its easy to sit down and hit a button and lose money and maybe even have a few stellar winning days but algo trading is very analytical and systems oriented and has a lot to do with the scientific method which I can really understand that. Also, it gives me the ability to trade nearly every futures asset simultaneously.

I hope this helps. For more resources check out Kevin Davey's youtube videos for free online and i would buy every one of his books. they are cheap and will really help you get started with your algo education. Also, open a tradestation account as this is a very easy platform to use and run with algos.

Happy trading and education.

Visit my futures io Trade Journal Reply With Quote
The following 6 users say Thank You to FastNCurious for this post:
 
(login for full post details)
  #22 (permalink)
 itrader46 
Manchester, UK
 
Experience: Beginner
Platform: Ninja Trader
Trading: Emini, Currency Futures
 
Posts: 28 since Sep 2017
Thanks: 11 given, 19 received

Ty199, what you want is to learn from the best before you wipe your account clean.

In my opinion, 'the best' would be Axia Futures. I am now doing the Career Course online and it is by far the best training I've done and I should know, as I've spent thousands on training so far.

Have a look on their YouTube channel and you will soon understand those are people that know what they are talking about. You will learn volume profile, order flow, volume, macro etc. from Richard Bailey, which has the very rare qualities of knowing how to do it and being able to explain others how to do it themselves.

Stop spending any more money elsewhere, learn with Axia and you will stand a much better chance.

Reply With Quote
The following user says Thank You to itrader46 for this post:
 
(login for full post details)
  #23 (permalink)
FabriceM
Denver
 
 
Posts: 21 since Apr 2020
Thanks: 3 given, 26 received

I think there maybe several things you might address.

1/ unless you work for a hedge fund, or any type of financial institution, finding a mentor is going to be pretty much not going to happen. Mentors don't get paid, they mentor you because they believe in your skills and need you to be up to speed for the task at end: Make money for the company.

2/There are a lot of online courses, trade rooms or on-site trading schools. When I started and after looking the overwhelming choices available I decided to go to Online Trading Academy. It is expensive, yes, and very controversial school, many people swear by OTA, and as many feels it's a scam, it doesn’t really matter, what I am about to say could apply to any schools…. I came to OTA to learn Futures, I already had extensive experience with stocks and longer term investing, and made a good living at it. This is what OTA taught me and what I feel any good school should:

It teaches you risk management more than anything else, this is the most important skill if you want to survive the game.
It teaches you to create a thorough trade plan. Probably as important as risk management and actually a big part of risk management.
It gives you an understanding of technical analysis and its mechanics.

This is what you should expect from most better schools. Now the biggest problem with trading education that I have seen, and the reason the "scam" word is so popular with most schools, is expectation:

The expectation to learn a "System" that will make you a successful trader.

That school doesn't exist. And most people end-up blaming the school because they feel they paid all that money and are not making any... Going to Harvard Law School doesn't guarantee you will become a successful lawyer, going to the “Cordon Blue” culinary school will not make you a great chef, chances are you will start washing the dishes first… You have to pay your dues, and in trading paying your dues is making costly mistakes and leaving more money than you should at the table.. You have to put the work, your have to have talent, and by talent I mean a disposition for the trade (pardon my pun) you have chosen as a career, as a profession. I have seen many students from OTA who spend a lot of money on their education and after a couple of month had only placed 10 trades, of course they are not going to succeed.

I have put an enormous amount of work and time, because I understood that my education was only the beginning , it got me started in the right direction and with the right mind set. Since, I have read a lot of books on technical analysis, successful traders, psychology etc... I spend a gigantic amount of time looking at charts, charting, reading charts and deciphering what the chart is trying to tell me.

There are no tricks or systems. Indicators and studies are only good as odd enhancers, barely helping confirm what you should already be seeing. The only thing that works, is to be consistent and stick to it. If, let say you are a trend follower, then that's all you do, if you see a counter trend opportunity, don't take it, this isn't on your trade plan. Don't move your stops, stick to your plan and repeat. With every-book I have been reading, there is a few universal themes that comes up, the biggest one it seems is:

The major reason traders don't succeed is because they can't stick 100% to their trading plan, they deviate... They let their emotions take over.

And then there is you... If you have done it for 4 years and haven't been profitable, it maybe an opportunity to take a good look at yourself, be honest and fold. Maybe trading isn't for you. It is incredibly hard to take emotions out of the equation, it is extremely hard to stick to a plan and never deviate. When you lose trades a number of times, one after the other, it is only human to doubt the plan, to doubt yourself even though statistically it may be perfectly normal. Not everybody can do it, especially with Futures and that explain why less than 1% futures trader are successful.
I started a year ago and I am still not successful, I lose money. However, I also day trade stocks and I am profitable and able to offset my futures loses. Have you considered trading stocks or even better options? Less risk, a different dynamic and maybe a good way to expend your trading. Stock to me are much safer to trade of course you don’t get as much leverage, but you can still make a very good living. Options is a nice in between, more leverage less risk.
Last. It might be helpful if you could post your trade plan, it might be easier to be specific and help you further.

Good luck.


PS: I often see people referring to sim. trading (paper money) as useless. I disagree. A chart is a chart, and the ability to read it well doesn't require that real money be involved. If you can be profitable trading sim, chance are you will be as successful trading real money as long as you don't deviate from your trading plan.

Reply With Quote
The following 3 users say Thank You to FabriceM for this post:
 
(login for full post details)
  #24 (permalink)
 vbalaga99 
Atlanta
 
Experience: Intermediate
Platform: Ninja Trader, Tradovate
Trading: ES
 
Posts: 7 since Sep 2017
Thanks: 0 given, 1 received

My mentor is Ray Freeman from iamadaytrader.com. He has a systematic approach to the market. I would suggest him. He is very knowledgeable and affordable and most of all he is a very good person. Please reach out to him.

Reply With Quote
 
(login for full post details)
  #25 (permalink)
 severdog 
Greenville, SC/USA
 
Experience: Advanced
Platform: NinjaTrader
Broker: CQG
Trading: Emini NQ
 
Posts: 2 since May 2018
Thanks: 1 given, 1 received

There are a couple of headwinds that everyone has to overcome. Some do, some are unable to. But we all share the same liabilities.

* Risk - we spend our entire lives from childhood on being taught that RISK is a BAD THING and is to be avoided. If we live past our teens, we learn not to play on the freeway. Then when we get into trading, we naturally try to use the same techniques of risk avoidance. This is what causes every retail trader to start by eating like a bird and crapping like an elephant. That mode is unsustainable as you'll eventually grind your account down with minuscule profits and big losses. You'll have to learn to embrace risk as a tool and think differently about risk than you have been for your entire life.

* Trading not to lose - closely related to #1 above is the general attitude of "trading not to lose" which is very different than "trading to win." Everyone starts in this business by trading "not to lose," and by doing so, they subconsciously are pulled towards losing. This is the underlying cause of the "eat like a bird" thing listed above.

It doesn't matter what system that you use; the mind is the number one weapon and also the number one liability.

Focus on one thing and one thing only to master it. Don't trade someone else's system, or at least start with someone's then work to alter whatever you start with until it is uniquely "yours." Only then will you start to accept the risk of the system due to the hundreds of iterations which sends a subtle message to your subconscious that "this system can be trusted."

Doc

Reply With Quote
The following 7 users say Thank You to severdog for this post:
 
(login for full post details)
  #26 (permalink)
 JMAL 
Houston Texas
 
Experience: Beginner
Platform: NinjaTrader 7
Broker: NinjaTrader Brokerage
Trading: ES, MES
 
JMAL's Avatar
 
Posts: 65 since Jul 2014
Thanks: 22 given, 36 received


Ty199 View Post
Recommendations on where to look and start ?

Best advice I can give you is to give Price Action Trading (by Mack) a look. He trades the E-mini S&P 500.
https://priceactiontradingsystem.com/pats-price-action-trading-manual/

Mack has a daily Youtube video he puts out 4 days a week showing trade entries, along with good trading advice.


I found Mack's Trading through here (futures.io back then it was Big Mikes) six years ago, he was mentioned in one of the post so I looked him up and found him to be a very trustful person. Mack uses a trading methodology based off of a second entry. He has literature available for a small sum and a subscription to his web site that does have lots of good learning material. I would recommend watching his daily videos for a while and then if you feel good about him then become a member.

Don't let Fear, Greed and Gambling overRule
Reply With Quote
The following 2 users say Thank You to JMAL for this post:
 
(login for full post details)
  #27 (permalink)
 hoppy123 
orlando
 
Experience: Beginner
Platform: esignal
Trading: forex emini oil gas
 
Posts: 49 since Jan 2017
Thanks: 19 given, 54 received

My 2 cents

!st you need to have a technique to read charts . pick one and screen shot 1000 charts . then pick 3-4 set ups . I use a windows program called paint.net allows you to draw boxes trendlines write notes on the image of the chart . my biggest break through was when i stopped trading for 3 months and studied charts every day and wrote a detailed trade plan .

pick a technique elliot wave , volume profile , moving averages gann etc .

Reply With Quote
The following 2 users say Thank You to hoppy123 for this post:
 
(login for full post details)
  #28 (permalink)
 seattle7 
Seattle, WA
 
Experience: Advanced
Platform: TradeStation + Bookmap
Trading: ES only
 
Posts: 23 since Aug 2016
Thanks: 11 given, 57 received

My suggestions:

1. For the time being, forget about trading and learning how to trade and trading rooms etc. Concentrate on learning how the market works, what makes it move, why does it do what it does?

2. What has been helpful for me is learning more about market/order flow. And one tool that has been helpful has been subscribing to and using Bookmap (bookmap.com), at $50/month for the program plus data fees. Here, I have an account with S5 Trading, which clears through Gain Capital, and Gain can supply CME data for $12/month, so I pay $62/month for the Bookmap program plus CME data (I'm really only interested in ES). As a Bookmap subscriber, I get access to its educator's daily hourlong analysis and comments, from 8-9 AM Pacific. Mind you, his purpose is NOT to propose or recommend trades --- it is to analyze the market, mainly ES, in terms of where it has been, its order flow, and likely ideas on where it is going. How you might want that to inform your trading is up to you. That's been helpful for me, and I commend it to you.

Reply With Quote
The following user says Thank You to seattle7 for this post:
 
(login for full post details)
  #29 (permalink)
 redneck4Christ 
Vancouver, WA
 
Experience: Intermediate
Platform: Jigsaw, MC.NET, ToS, SC
Broker: Stage5,IronBeam/Rithmic, ToS
Trading: Emini ES & YM
 
Posts: 76 since Apr 2019
Thanks: 827 given, 121 received


Ty199 View Post
I am doing micros now learning that profit is profit and not just looking for a trade of 100's every time. A 20$ profit on a trade is good on a micro and would be good on a Emini. Say NQ or ES , those are the ones I like the best. MNQ and MGC would be my 2 that I would want to trade. I have tried moving averages and cant seem to get a solid pattern with them, the VWAP is confusing as i have found so many that say what works for them is not the same for others. The VWAP bounce seems to never work for me, it dont bounce and hits my SL. I think reading the charts would be the best, looking at what is happening and having a very good indication of what its going to do.

I really appreciate the outpouring of advice when folks tell of their struggles and ask for help. I have similar struggles and I hesitate to throw another log on this raging fire of advice, but, like most others, I think this is unique:

Brian McAboy was a quality assurance engineer. He turned trader and brought his skill set along. For a reasonable fee, he teaches his approach.

Brian is very personable -- you can call or email him to discuss your issues and see if what he offers can help. He doesn't teach new trading method, rather he teaches you how to winnow through your bag of tools, find the sharp ones, and jettison the others. He teaches a pragmatic approach to trading and provides tools for analysis and documentation.

https://insideouttrading.com/

https://insideouttrading.com/tpa-discipline/

Another option:

I watched this video:

And I tracked Rico down. He offers private mentoring and he is demonstrably a successful trader. He trades Forex if I remember correctly, but there are currency futures you can trade under his mentorship, if you are both amenable.

This was his email response to my website (https://www.fxtitans.com/) inquiry:

Thanks for your email.

The goal of the program is to help traders find consistency in trading. Traders will learn two systems that Rico uses every day. Rico will guide trades and mentor them for at least three months. During this time, traders will trade together, share ideas, and aim to pass FTMO challenge. The end goal is for the traders to be profitable and trade on their own.

Rico uses Skype to do trading sessions with the students and Telegram as the main app.

For a three month mentoring, we charge $500.

BTW, I too am finding helpful tips and concrete guidance in Minervini's book, like "Only losers add to losers." (PT Jones)

God speed your turning of this difficult corner.

Reply With Quote
The following 3 users say Thank You to redneck4Christ for this post:
 
(login for full post details)
  #30 (permalink)
 kevinkdog   is a Vendor
 
 
Posts: 2,990 since Jul 2012
Thanks: 1,590 given, 5,937 received

One thing to beware of is in this thread a lot of people are directing you to trading education sites. Some of these people may be shills for these sites (Big Mike does a great job of filtering them out, but some shills always sneak in).


I personally think looking for an educator is the LAST thing you need to be doing at this point.

Follow me on Twitter Reply With Quote
The following 7 users say Thank You to kevinkdog for this post:
 
(login for full post details)
  #31 (permalink)
 gregrnoe 
Denver, Colorado
 
Experience: Advanced
Platform: NinjaTrader/TOS
Broker: TOS/DTN IQFeed
Trading: Emini ES/NQ
 
Posts: 3 since Jul 2018
Thanks: 1 given, 4 received

Hey Ty, see my private message. I would be glad to help you improve your success odds. Reach out to me ASAP. Take care.

Reply With Quote
 
(login for full post details)
  #32 (permalink)
 Big Mike 
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
 
Big Mike's Avatar
 
Posts: 50,005 since Jun 2009
Thanks: 32,468 given, 98,288 received


gregrnoe View Post
Hey Ty, see my private message. I would be glad to help you improve your success odds. Reach out to me ASAP. Take care.

Are you a vendor? Do you have, or are related to, any product/service?

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/

Visit other sites? Please spread the word about your experience with our community!
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #33 (permalink)
 SMCJB 
Legendary Market Wizard
Houston, TX
 
Experience: Advanced
Platform: Trading Technologies
Broker: Primary Advantage Futures. Also ED&F and Tradestation
Trading: Primarily Energy but also a little GE, GC, SI & Bitcoin
 
Posts: 4,050 since Dec 2013
Thanks: 3,353 given, 7,999 received


Ty199 View Post
Really need help to learn. I have been trading for about 4 years and lost so much money. I paper trade and did use real money until I finally learned that I am not doing any good loosing my money. I have tried so many set ups, indicators all that stuff but cant get the solid foundation to start with. Im missing something somewhere and have been trying so long to find what it is. I want to learn ! I have to learn ! This is what I want to do... Even after all the lost money, failing and feeling like crap I still have a drive to do it and it has not slowed down. I am not getting something somewhere. Looking for a true person or group to teach me. I dont want to follow someone I want to be on my own after I learn. Recommendations on where to look and start ?

Okay I'll say what nobody else seems to have said.

Even though you'd love this to work have you ever considered that maybe this isn't for you and that you should move on?

I'd love to be an NFL Middle Linebacker but it ain't ever going to happen no matter how much I love it or how matter I try.

Reply With Quote
The following 2 users say Thank You to SMCJB for this post:
 
(login for full post details)
  #34 (permalink)
 QCDragon 
Columbus, OH USA
 
Experience: Intermediate
Platform: Jigsaw Tradr+MultiCharts
Trading: eMini ES
 
QCDragon's Avatar
 
Posts: 3 since Feb 2016
Thanks: 1 given, 2 received

Check out Jigsaw Trading platform and the work of Peter Davies (Jigsaw's creator) and John Grady who trades treasuries on the Jigsaw platform.

Worthy of your time...

Sent using the futures.io mobile app

Reply With Quote
 
(login for full post details)
  #35 (permalink)
 gregrnoe 
Denver, Colorado
 
Experience: Advanced
Platform: NinjaTrader/TOS
Broker: TOS/DTN IQFeed
Trading: Emini ES/NQ
 
Posts: 3 since Jul 2018
Thanks: 1 given, 4 received


Big Mike View Post
Are you a vendor? Do you have, or are related to, any product/service?

Mike

Hi BM, I am not a vendor. I sell nothing. I am a successful trader.

Reply With Quote
The following 2 users say Thank You to gregrnoe for this post:
 
(login for full post details)
  #36 (permalink)
 Big Mike 
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
 
Big Mike's Avatar
 
Posts: 50,005 since Jun 2009
Thanks: 32,468 given, 98,288 received


gregrnoe View Post
Hi BM, I am not a vendor. I sell nothing. I am a successful trader.

Why not post in public? Instead of spending all of your time (the most valuable commodity on earth) in a single private message thread, if you make public posts then tens of thousands benefit simultaneously.

Plus, your kind of post is notoriously suspicious -- in my experience, it usually indicates you want to "recommend" something for them to buy or subscribe to, but don't want to get banned so you do it in private. Of course, "usually" does not mean "always". I'm sure you won't be doing anything like that...

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/

Visit other sites? Please spread the word about your experience with our community!
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 7 users say Thank You to Big Mike for this post:
 
(login for full post details)
  #37 (permalink)
 Kb111169 
Alexandria, La./ USA
 
Experience: Intermediate
Platform: Sierra/Metatrader
Trading: Futures, Oil
 
Posts: 12 since Jun 2015
Thanks: 1 given, 1 received

I’m in the same boat. YouTube and Internet are my friends. I’m using Sierra Charts / MNQ single contract to start. All automated in c++ now. It is hard. Especially in this market. What worked great two weeks ago didn’t work last week. Once I dialed into what works last week, it didn’t work on Friday probably because of the jobs report. I spend 90% of my time backtesting and 10% of the time sitting on my hands trying to let the algo run its course without me taking control.

Kevin


Sent using the futures.io mobile app

Reply With Quote
 
(login for full post details)
  #38 (permalink)
 exiledgoblin 
Toronto, ON
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Amp Futures/CQG and Interactive Brokers
Trading: ES
 
exiledgoblin's Avatar
 
Posts: 73 since Aug 2009
Thanks: 7 given, 20 received


Ty199 View Post
Really need help to learn. I have been trading for about 4 years and lost so much money. I paper trade and did use real money until I finally learned that I am not doing any good loosing my money. I have tried so many set ups, indicators all that stuff but cant get the solid foundation to start with. Im missing something somewhere and have been trying so long to find what it is. I want to learn ! I have to learn ! This is what I want to do... Even after all the lost money, failing and feeling like crap I still have a drive to do it and it has not slowed down. I am not getting something somewhere. Looking for a true person or group to teach me. I dont want to follow someone I want to be on my own after I learn. Recommendations on where to look and start ?

I can feel your pain!

My first bit of advice is quit. Only a tiny minority (3-5%) of people who try to day trade futures ever make any money. In other words, you have as much chance of winning this game as you do winning a gold medal at the Olympics.

Second, avoid the snake oil vendors. Anyone who offers to sell you magic red/green (buy/sell) indicators or their "never before revealed secret" knowledge that will have you making money in a month or so is in all likely-hood a con artist.

Third, if you are still reading at this point, you need a mentor. You are not going to figure this out by yourself by buying a $200 course or $2000 magic indicator. Find a real trader with a real (verified) record of success and become an apprentice. Unfortunately that costs money and most of the retail traders out there are severely under-funded and don't want to spend their precious and limited capital for training. But there is no alternative. Imagine deciding to become a brain surgeon and insisting on teaching yourself everything you need to know.

I wish you the best!
exiledgoblin

Follow me on Twitter Reply With Quote
The following user says Thank You to exiledgoblin for this post:
 
(login for full post details)
  #39 (permalink)
 tigertrader 
Philly, Pa
 
Experience: Master
Platform: NinjaTrader
Trading: ES, ZB
 
tigertrader's Avatar
 
Posts: 6,255 since Jul 2010
Thanks: 6,574 given, 34,957 received


DavidHP View Post
You can use any system that has an edge for you.
The reason I suggested a mostly empty chart with just moving averages is because the exercise is to get screentime in the market of your choice. If you put moving averages on a chart you should understand their purpose. They are to show how extended from the 'average' price is. They give you and idea of the way the market moves above and below average and then returns. (rhythm).

I personally don't take trades from standard moving averages. My trading chart uses anchored VWAP mostly but I have at least one ema/sma on my charts.

Here is a chart I posted in a different thread.
I posted it to show how I was thinking short but the market was saying ??? You are going short when the market keeps bouncing from the 50. What are you thinking.
As you can see, the average shows the market is in a uptrend and shorting was not wise unless it was a scalp at the top of the rhythm waves. (there was more risk to be short)

50 Bounce (ES on 1000 Delta Chart)


Hmmmm, looks familiar!

Follow me on Twitter Reply With Quote
The following 4 users say Thank You to tigertrader for this post:
 
(login for full post details)
  #40 (permalink)
 faithdefender 
Salem VA USA
 
Experience: Beginner
Platform: Oanda, NT8, TradingView
Broker: Oanda
 
Posts: 26 since Jan 2019
Thanks: 38 given, 27 received

I feel your pain. Having spent over 35 Grand and using it for Trading "education" with Online Trading Academy, AND, losing another 90 Grand on my live account, I feel your pain. I do not hold OTA responsible for the 90 grand, but the 35 grand that went toward education and specifically ProPicks, was a waste of money.

My recommendation, however, is to learn the Weekly and Monthly trend. I am finally making a few dollars with Forex (because you can trade pennies)ONLY if I follow this rule. And Do not trade against that trend. Wait for the price to get back to an area of supply/demand and only then take the trade WITH the trend.

Two inspirations that have helped me are Atlas FX on YouTube. If you can learn his event sequence, you can be helped. And, Mission FX is also my favorite to watch because his trendlines are so easy, they are often times ignored.

I am in no place to help another, but I can say I share your pain because I share the zeal to trade that you communicated. My zeal is to pay off medical bills because of a damn tick bite and moronic doctors who couldn't diagnose me. Nevertheless, Do not go against the trend. If you can identify where Institutions are taking the train, you can learn to hop aboard and ride it. I just did this with the USDMXN recently and made forty bucks. Because I waited for price to come to me instead of going to price.

Reply With Quote
The following 5 users say Thank You to faithdefender for this post:
 
(login for full post details)
  #41 (permalink)
 trader1419 
Chicago IL
 
Experience: None
 
Posts: 13 since Apr 2019
Thanks: 1 given, 10 received

I feel your pain, many here do. Been trading 4-5 years and while I'm making improvements, still not where I want to be. Every successful trader seems to have had a mentor, I never have. I've always found this frustrating and discouraging. However, a mentor doesn't NEED to be someone in real life that you talk to on the phone or in person each day. A mentor can simply be a successful trader's video, book, article. I've accepted that this is the next best thing.

Take for example the Market Wizard series books. These are essentially distillations of hundreds of mentors giving their best wisdom, TO YOU. When you read their words, pretend they are talking directly to you. Believe and implement every word they say. So what if it's on a printed page. It's the same thing they'd tell you if you sat down with them for coffee.

On a final note, one wizard I really really resonate with is Marty Schwartz. Marty lost money for 10 years before he finally figured things out and guess what, he didn't have a mentor. He figured it out all on his own and then went on to be one of the most successful traders in history. He's driven, likes to work alone, and has never ever given up.

Never give up. Ever. If you want to trade, you will find success eventually.

Reply With Quote
The following 3 users say Thank You to trader1419 for this post:
 
(login for full post details)
  #42 (permalink)
 Oriole 
Naples FLA
 
Experience: Beginner
Platform: Ninja Trader 8
Broker: NinjaTrader
Trading: Currency Futures, RTY, ES, NQ
 
Oriole's Avatar
 
Posts: 87 since Dec 2019
Thanks: 194 given, 58 received


DrPatrick View Post
I highly recommend Randall Hudgens as a trading coach and mentor. He loves options but also trades futures. He teaches daytrading, but also swing trading and longer term trading. He is the real deal and also works with a trading mindset coach (who I also highly recommend.) You can see him on Twitter @stkoptioncoach or his website https://www.stockoptioncoach.com/. He is a great guy and the real deal.

How much does he charge?

Reply With Quote
 
(login for full post details)
  #43 (permalink)
 spideysteve 
Fort McMurray, AB Canada
 
Experience: Beginner
Platform: NT, MT4, Jigsaw
Broker: Continuum
Trading: ZN, ES
 
spideysteve's Avatar
 
Posts: 153 since Mar 2015
Thanks: 360 given, 169 received


trader1419 View Post
On a final note, one wizard I really really resonate with is Marty Schwartz. Marty lost money for 10 years before he finally figured things out and guess what, he didn't have a mentor. He figured it out all on his own and then went on to be one of the most successful traders in history. He's driven, likes to work alone, and has never ever given up.

Never give up. Ever. If you want to trade, you will find success eventually.

Pitbull by Marty Schwartz was a fantastic book. I read it a couple of months ago and it was highly entertaining while also showing his drive and motivation.

Follow me on Twitter Reply With Quote
The following 2 users say Thank You to spideysteve for this post:
 
(login for full post details)
  #44 (permalink)
 n5rinivas 
Frisco
 
Experience: Beginner
Platform: Sierra Chart,NinjaTrader
Trading: Emini ES
 
Posts: 3 since Mar 2017
Thanks: 5 given, 1 received

Price action can help you. I was in a similar position and i have seen lot of improvement. I have not been consistent in profit making , but my winning rate has increased after joining here. You can trade Oil, ES and other Futures with mechanism thought in this group.

https://www.oiltradinggroup.com/

Reply With Quote
 
(login for full post details)
  #45 (permalink)
 Mich62 
Netherlands
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: IB, NinjaTrader Brokerage
Trading: Commodities, (crypto)currencies & equities
 
Mich62's Avatar
 
Posts: 311 since May 2012
Thanks: 340 given, 536 received

Be wary of posts directing you to algorithmic / system trading. I would say this is a difficult and slippery path where curve fitting makes a system looks great in a backtest but will likely not make profits trading live. At least not in the long run. This also would require a lot of education (which I am sure they would like to help you with).

If you like to be active this is not for you (I would say). You could not sit on your hands seeing your system burning money and trusting it's gonna be okay.

Linda Raschke knows a lot of professional traders. This is what she wrote:

"I’ve known hundreds of professional traders throughout my career. I don’t want to disappoint you, but I know of only two who where able to make a steady living for themselves with a mechanical system. (I am not counting the well-capitalized CTA’s who are running a money-management program with “OPM” – other people’s money.) All those other traders used some type of discretion that invariably involved watching the price action at some moment – even if just to move a stop up or down."

Source: Linda Raschke, Tape Reading (read the article)

Focus on the foundation, what makes price move.

Take care,
-Mich

p.s. riding a bike, swimming, skating, car driving and so on. You will only learn by doing (and by making mistakes). Don't be hard on yourself, be patient, go slowly and remember capital preservation comes first.

Visit my futures io Trade Journal Reply With Quote
The following 6 users say Thank You to Mich62 for this post:
 
(login for full post details)
  #46 (permalink)
 seveneigthtsix 
Dubai, UAE
 
Experience: Advanced
Platform: Sierra Chart, Ninja Trade
Trading: ES, CL, FX
 
Posts: 9 since Mar 2012
Thanks: 208 given, 4 received

I'm not affiliated, and can strongly second what Pilot has written before about SMB Futures and Merritt Black.
He's a futures trader first and foremost (within the SMB Capital prop desk structure, and yes, the firm mainly trades stock, but Merritt only trades futures and some options).
He traded live on youtube for several years every day at the CL open for everyone to see. No hype, no bs.
He's a consistently profitable trader.
And he is in the process of building a futures desk within the SMB structure, hence the coaching and mentoring.
He is backed by years of experience within SMB rg. what it takes to become consistently profitable.
He's had his ups and downs, he knows what it's like and what it takes.
He is walking the talk.
I can highly recommend him as a personal coach.
And depending on your level of knowledge, his "futures foundation course" as well.
He does group mentoring which is less expensive than individual coaching.
In both he teaches EVERYTHING he uses daily, shares his screen setups, shows his trades and reasoning behind them.
He's a very successful trader, who also coaches.
His motive is NOT making money through coaching, but finding talented traders who want to trade for the SMB futures desk.
Dr. Brett Steenbarger refers to him in several blog posts and uses him as a positive role model / example.
If your serious about finding a coach, you need to check out Merritt Black.

Reply With Quote
The following user says Thank You to seveneigthtsix for this post:
 
(login for full post details)
  #47 (permalink)
hclara
Bangor Maine
 
 
Posts: 25 since Nov 2018
Thanks: 16 given, 21 received

WOW ---- Sure are lots of do this and don't do that . It goes to show there are many ways to succeed and also to fail . One person mentions 4 years may not be enough time and I don't disagree with that as it took me more time then that . That being said I know people who caught on really quickly , sure wasn't me . My biggest mistake was trying to look at several mkts at once rather then to really concentrate on one . Once you master one mkt others will become much easier . It took me years of chart time , every single time the mkts. were open to grasp hold of a plan that worked for me . I also made the mistake of trying to find the perfect plan where I would never lose and there is no such plan . Remember what works for one may not work for you . The best plan may just be the one you come up with as you gather knowledge over time . I never stop looking for ways to improve , that's what makes trading so interesting to me . There are many ways to to succeed at this the question is will a mentor do that for you . A mentor will will hopefully show you what works for them , the question is will his or her methods work for you .

Reply With Quote
The following 2 users say Thank You to hclara for this post:
 
(login for full post details)
  #48 (permalink)
 MiniP 
Market Wizard
Columbus OHIO
 
Experience: Intermediate
Platform: NinjaTrader
Broker: NinjaTrader Brokerage
Trading: ES,
 
MiniP's Avatar
 
Posts: 1,142 since May 2017
Thanks: 1,102 given, 2,898 received


DavidHP View Post
You can use any system that has an edge for you.
The reason I suggested a mostly empty chart with just moving averages is because the exercise is to get screentime in the market of your choice. If you put moving averages on a chart you should understand their purpose. They are to show how extended from the 'average' price is. They give you and idea of the way the market moves above and below average and then returns. (rhythm).

I personally don't take trades from standard moving averages. My trading chart uses anchored VWAP mostly but I have at least one ema/sma on my charts.

Here is a chart I posted in a different thread.
I posted it to show how I was thinking short but the market was saying ??? You are going short when the market keeps bouncing from the 50. What are you thinking.
As you can see, the average shows the market is in a uptrend and shorting was not wise unless it was a scalp at the top of the rhythm waves. (there was more risk to be short)

50 Bounce (ES on 1000 Delta Chart)

might be having a brain fart but care to explain the "1000 delta chart" that makes my 4500 tick look like a sloppy mess. And honestly would rather trade off that, looks very clean... and I thought my 4500 tick was clean.. please share details/set up. Is this an add on I assume?

-P

"Truth is not what you want it to be; it is what it is, and you must bend to its power or live a lie"-Miyamoto Musashi
Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to MiniP for this post:
 
(login for full post details)
  #49 (permalink)
 gregrnoe 
Denver, Colorado
 
Experience: Advanced
Platform: NinjaTrader/TOS
Broker: TOS/DTN IQFeed
Trading: Emini ES/NQ
 
Posts: 3 since Jul 2018
Thanks: 1 given, 4 received


Big Mike View Post
Why not post in public? Instead of spending all of your time (the most valuable commodity on earth) in a single private message thread, if you make public posts then tens of thousands benefit simultaneously.

Plus, your kind of post is notoriously suspicious -- in my experience, it usually indicates you want to "recommend" something for them to buy or subscribe to, but don't want to get banned so you do it in private. Of course, "usually" does not mean "always". I'm sure you won't be doing anything like that...

Mike

Sorry Mike,

New to posting here. Not always easy for me to see if it is private or public. Great community here. I dislike vendors and snake Oilers in the industry. Wont get any of that from me.

Cheers.

Reply With Quote
The following 2 users say Thank You to gregrnoe for this post:
 
(login for full post details)
  #50 (permalink)
 spideysteve 
Fort McMurray, AB Canada
 
Experience: Beginner
Platform: NT, MT4, Jigsaw
Broker: Continuum
Trading: ZN, ES
 
spideysteve's Avatar
 
Posts: 153 since Mar 2015
Thanks: 360 given, 169 received


MiniP View Post
might be having a brain fart but care to explain the "1000 delta chart" that makes my 4500 tick look like a sloppy mess. And honestly would rather trade off that, looks very clean... and I thought my 4500 tick was clean.. please share details/set up. Is this an add on I assume?

-P

Ninjatrader has delta bars, although I’m not certain what platform @tigertrader uses.

Follow me on Twitter Reply With Quote
 
(login for full post details)
  #51 (permalink)
 madelynnjohnson 
Laramie, Wyoming
 
Experience: Advanced
Platform: Ninjatrader
Broker: NinjaTrader Brokerage
Trading: TF, 6E, ES
 
madelynnjohnson's Avatar
 
Posts: 117 since Jun 2011
Thanks: 331 given, 319 received

TY199

I don't normally post a lot of posts and I have only glanced through this thread. So I can't speak as far as what others are suggesting. However, as an educator in the public sector and a trader for over 10 years this would be my suggestion for someone beginning to trade. Search for two threads and two webinars that were done by Perry at this website. You should easily find them. I participated in his methodology training. His first webinar was laying a foundation and the second was setting things up in a more sophisticated fashion with more sophisticated indicators, but still using his basic method. I would search in thread attachments for .xlm files which will give you a variety of chart templates. The indicators are usually listed in the first couple of entries in the threads. Download the indicators first and then .xlm file for templates.

Keep your charts as simplified as possible. There are a plethora of indicators out there and many spend a lifetime searching for the "one". It DOES NOT exist. I believe that this is an interpretive skill that we learn as to how to "read" our charts which gather information and then we form opinions leading to decisions as to how and when we want to place a trade. I use no gap range bars. I learned this way and it feels intuitive because I am visual and need to see the path of price as a path and not as a candle that resembles a thermometer. In addition to incorporating Perry's method, I have made some tweaks that make it more easy for me to read my charts. There is one indicator that is a simple one, but enable me to see price action better. It is called Three Bar Reversal and is in the download section at futures.io.

So, here's what I would suggest:
1. Download Ninjatrader 7. This will give you the most access to the indicators available. Get familiar with Ninjatrader platform if you are not already using it.
2. Get some kind of data feed if you don't already have one.
3. Study and learn Perry's method. Send him a private message if you need to as he has always been opening to helping students.
4. Get a chart template and indicators from the first thread (the second thread is designated as a continuation of the first)
5. Find the No Gap Range Bar indicator here at futures.io. I believe that it has to be installed as a chart style (if you don't know how to do this.....ask.)
6. Add the Three Bar Reversal indicator to the other indicators on your chart.
7. Set your chart up using 4 No Gap Range bars and start reading the data that your charts are telling you. There are many examples in Perry's thread that will help you pinpoint entries. Use your DOM and set your profit stop at 4 ticks and for now your exit stop for 8. This is just practice. You have to get completely comfortable with the chart reading and spotting trade entries. By using the DOM your entries and exits are predetermined. You want to create a system and procedure that you can do over and over. This is not a trading strategy where you are going to be in a trade for a long time making a lot of points. That comes later. Use the ES futures for your instrument. Concentrate on one instrument and for now stay away from CL. It's too volatile. Remember, you are approaching this like a babe in the woods and reprogramming how your think, read charts and react to the information that you are receiving from the interpretation of the chart.

Trade in SIM. You would not go out and use some complicated piece of equipment without proper training and that includes practice. After using Perry's method for a while you will be able to spot trades while they are setting up. Use market replay. You can use this like a tape recorder. Rewind, watch how that trade started setting up to get to the point where an entry would have been possible. With this method and a little practice it's not going to take long for you to see the entries.....especially with the example charts which were submitted for critique to Perry.

Here's the money strategy for the ES: 4 tick profit with 1 contract equals $50.00; 4 trades per day (and we don't over trade) equals $200.00 per day: that equals approximately $1,000.00 per week and finally, $50,000 over a 50 week time period. Of course, you have a small commission. However, with accuracy this should not eat you up and we are going for accuracy. Once you get comfortable, go to 6 no gap range. You will be able to get more ticks per trade. Set your DOM for 6 ticks profit. This means 1 contract at 6 tick equals $75.00. You do the math. For now, you want to develop a consistent performance. If this is done the money will follow. Once you are consistent go to trading SIM with live market data. You are looking for the same thing.....consistent performance. Stay away from trying to look for another indicator if you start having trouble making good trades. It's not out there. Stay with your simple chart. This is the instance where less is better. Listen to the voice of experience. I've been there and done that.

This is just a rough tip of the iceberg, but will get you started. You need a foundation and I feel this will work for you. If my daughter wanted to get into trading, this is what I would suggest for her. I know that you will have a number of questions. I did. This forum is an excellent place for answers and if you need any other hep, holler.

All the best,
Madelynn

Reply With Quote
The following 3 users say Thank You to madelynnjohnson for this post:
 
(login for full post details)
  #52 (permalink)
 romerico 
South Elgin IL/USA
 
Experience: Intermediate
Platform: Sierra Chart
Broker: AMP CQG
Trading: ES
 
romerico's Avatar
 
Posts: 6 since Oct 2013
Thanks: 17 given, 5 received

try here, yes it costs money but it is the best for the money I've found that's legit https://www.tradingresearchgroup.com/

Reply With Quote
 
(login for full post details)
  #53 (permalink)
 tigertrader 
Philly, Pa
 
Experience: Master
Platform: NinjaTrader
Trading: ES, ZB
 
tigertrader's Avatar
 
Posts: 6,255 since Jul 2010
Thanks: 6,574 given, 34,957 received


Ty199 View Post
Really need help to learn. I have been trading for about 4 years and lost so much money. I paper trade and did use real money until I finally learned that I am not doing any good loosing my money. I have tried so many set ups, indicators all that stuff but cant get the solid foundation to start with. Im missing something somewhere and have been trying so long to find what it is. I want to learn ! I have to learn ! This is what I want to do... Even after all the lost money, failing and feeling like crap I still have a drive to do it and it has not slowed down. I am not getting something somewhere. Looking for a true person or group to teach me. I dont want to follow someone I want to be on my own after I learn. Recommendations on where to look and start ?


Here are 2 separate pieces that I posted the other day in another thread, that I believe you should read very slowly and very carefully. They are extremely relevant to the dilemma you are encountering. In any event, if you lack the skills to trade, you are going to have to trade , to acquire the skills you lack. That's a fact, and there's no way around it. What you do have control over, is how you approach the task.

**********************************************************************************************************

I believe there are at least a few points we can all agree upon; because they are blatantly obvious to anyone who has ever endeavored to become a profitable trader. And for the most part, they are self-explanatory. 1) Adequate capitalization 2) Emotional Aptitude, which includes the requisite temperament, attitude, patience, discipline, mindfulness, and humility. 3) Risk/Trade Management i.e., traders must strive for both a high win rate and asymmetric payoffs. It is essential in trading that a high win rate is attained in conjunction with high expectancy, because the risk of ruin is a function of the loss rate. If your method does not have a high enough win rate then the risk of ruin will be greater due to the inevitability of an idiosyncratic loss or consecutive losers. As an addendum, an approach that provides quick feedback to alert the trader of failure as soon as possible is highly preferable. That being said, no matter how crude or refined a method one employs, it finally boils down to surviving against one's own incomplete intellect, a misfired bout of randomness, in controlling the risk, and in executing a set of consistent ideas day in and day out, so that chance can prevail.

Perhaps another fact we can all agree upon, is that there isn’t one correct way to trade, nor one correct approach to the market that will afford you the best chance of coming out a consistent winner. A lot of that has to do with the fact that no two traders are exactly alike. Allow me to generalize and classify the 3 main types of traders. 1) Those who don’t know anything, or have a very limited understanding about the markets. 2) Those who think they have an understanding of the markets; but are unable to recognize their lack of relevant knowledge. And, 3) Those who understand how the markets are structured, how they function, and who drives price.

In a very generalized manner (once again), the markets are still the same as they were in the past. Markets go up and they go down, they back and fill, and risk and uncertainty is still a fundamental reality in trading; and just as in the past, the best we can hope to achieve is an incomplete, but probabilistic knowledge of that environment. However, today’s markets have evolved considerably from past markets. Not the least of the reasons why they have changed is the shift from active to passive investment, and increased AUM of strategies that are on “autopilot” There are still decisions being made by humans; by active value investors, and the fundamental/discretionary crowd, but their influence on price has dwindled dramatically. ~90% of trading volume comes from Quant, Index, ETFs, and Options.

Back in the day, the market used to work something like this. The market had been moving in a certain regime, and sooner or later a fund manager would get the inkling that a change was afoot. His action or inaction would disseminate exponentially to others, and then the regime would change. The key to keeping up with this was to know what the fund manager was keying off of, and then following that signal. So, back then 2 of the most important things that counted with regard to markets were sentiment and momentum. That is, it was all behavioral, and reasonably efficient. Sure, they would like to comment on fundamentals, but the fundamentals were only important because they influenced the behavioral.

.A great deal of the human component has been removed, and this is why a trader should have a foundation of knowledge about the market and an understanding of how it works, before he actually begins to trade. One used to have to monitor data with human input, and you had best be making your inputs adapt to what the fund managers were watching (i.e. usually the length of past data). If the in-crowd had switched to watching the last week and you are watching the last two months, a change would occur before you become aware.

There Is still a herd effect, in a sense. It’s self-referential in the same way that the human phenomenon would feed upon itself.However, it is much more mechanical than psychological in nature. For the most part, non-human influenced data is fixed and linear And, it all falls neatly into place. “An increase in volatility typically leads to an increase in systematic selling, which happens in an environment of reduced liquidity, and hence can produce outsized market impact” Volatility spikes lead to less liquidity and also to systematic de-leveraging, which means selling into a falling and illiquid market, which in turn drives volatility higher, and around and around. Once trailing realized starts to move higher in a sustainable fashion, target-vol. deleveraging starts and executes “passively” in the market over the ensuing days until there’s nothing left to purge."

The markets have changed and that requires an approach built on an analytical framework that is relevant to current drivers of price. Accordingly, the tools we use have to change and so does the perspective needed to understand the context of the modern market. Therefore, it is not the tool nor technique so much, but the features of the market that count and define if an idea might work. The goal should always be to figure out the game that is being played, and then play that game.

**********************************************************************************************************
There really isn't that many different ways of approaching trading correctly, but there are an infinite number of ways to trade incorrectly. Unfortunately, higher visibility is a user level factor, and the acquisition of information and adoption of that information transfers almost instantaneously when it is readily available, versus when one has to seek it out and perception of adoption is non-existent.

Obviously, there are many more failed traders than successful traders, so there is a very high probability, that there is a commensurate amount of bad advice and faulty knowledge available to aspiring newbie traders. In other words, what-they-see-is what-they-get. The stuff that really works takes time and is hard work to uncover. That is, the methodological wrapper for inductively organizing the information gathered is accomplished through quasi-experimentation.

The other problem is, people believe what they want to believe, see what they want to see, and hear what they want to hear. They tend to avoid information that contradicts what they already think or believe, and tend to seek out other like-minded people. It’s the guiding force behind organized religion, the political system, cults, and yes...forums.

Researchers found that people are about twice as likely to select information that supports their own point of view (67 percent) as to consider an opposing idea (33 percent) and 3 times as reluctant to consider differing perspective when it pertains to politics and religion. One could only imagine what the percentage is when it comes to money and trading -probably 95-99%, huh? I've seen this phenomenon repeat itself ad infinitum on this forum. Big Mike and other experienced traders will dole out advice, and it is summarily ignored or even refuted, by aspiring traders with little experience.

It is not only easy to get sidetracked, spun around, and derailed by the markets, but one can also be misled if the information they are receiving is apocryphal. Everyone wants to make money, but with respect to what? Everyone one wants to wrestle the gorilla, until the door opens. So, instead of making rational decisions based on objective observation, they make emotional decisions that make them feel safe and comfortable. They develop a compulsive addiction to this stimulus-response loop which reduces them to instant-gratification junkies. They may have a seemingly effective methodology that generates profitable trades, but in the end, they never get ahead because they end giving it all back in the rake and grind. They either choose the markets-they-trade and the strategies-they-use randomly, or once again, make the decision based on comfort.

The result is that 80% of the ideas that are freely exchanged on this site are invalid. They are misguided, anachronistic, simplistic, irrelevant and often just plain wrong. The dilemma is, how does one separate the wheat from the chaff. Logic would dictate, and it is confirmed from my personal experience, that the best place to seek knowledge is from someone who is extremely knowledgeable and experienced. So for starters, i would question the quality of the sources of the advice you are seeking, and look to those individuals who are proven and have successfully accomplished what you seek to achieve.

Rational traders incorporate risk into the determination of their expectation, because their approach is reason-based, rather than driven by emotion. They are able to build positions, add to their positions, and follow the move-to-the-end. They focus on getting bigger, and size their trades to get the maximum compounded growth of their capital relative to the amount of risk they are willing to incur, and they trade the markets and use the strategies that allows them to accomplish these goals. They realize and accept that markets vary from day-to-day and even intra-day, and that it is unwise to trade the market the same way, on days that aren't alike.

Forums can be beneficial and I would certainly argue that more education is preferable to less, provided the education doesn't impede someone's ability to reason things through for themselves. And provided the knowledge that is imparted is accurate and doesn’t mislead it’s readers.. In order to effectively convey ideas to others, you must amend their perspective and their point of reference, so that they may see it anew, and from an entry point that they will understand. To spare them the inevitable beatings of otherwise learning it the hard way is not often appreciated until its too late.

I realize this is very theoretical sounding and not very practical in nature, but it is not without its reason. Learn to think critically (& on your own) and don't be a follower. The way you choose to learn and acquire expertise in trading is as important as the actual process. So, give it careful thought and approach it logically - develop a plan to learn and then execute the plan. Forget about popular opinion and don't take anything at face value. Organize and filter your ideas and determine what is relevant, but allow conflicting ideas to generate new conclusions. Keep in mind, that in theory, there is no difference between theory and practice, but in practice there is.

Follow me on Twitter Reply With Quote
The following 11 users say Thank You to tigertrader for this post:
 
(login for full post details)
  #54 (permalink)
 Pocketful 
Vancouver, BC, Canada
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Ironbeam
Trading: MES YM
 
Posts: 26 since Jan 2013
Thanks: 30 given, 30 received


Ty199 View Post
I am doing micros now learning that profit is profit and not just looking for a trade of 100's every time. A 20$ profit on a trade is good on a micro and would be good on a Emini. Say NQ or ES , those are the ones I like the best. MNQ and MGC would be my 2 that I would want to trade. I have tried moving averages and cant seem to get a solid pattern with them, the VWAP is confusing as i have found so many that say what works for them is not the same for others. The VWAP bounce seems to never work for me, it dont bounce and hits my SL. I think reading the charts would be the best, looking at what is happening and having a very good indication of what its going to do.


I use the ES for reading orderflow volume data; and executes micro-ES trades because my account is small. I would too say that I've overspent on 3rd party indicators after trying every possible free one from the internet.

Since being in Edge Trading Group from last July, I have a trading buddy to zoom in each moring to review our trades together after the room closes. For starters, review this playlist for some education and see if how it resonates with you. [yt]https://www.youtube.com/playlist?list=PLNBRFHLLvHYY-OrWk7seuit0CB8P_RxGR[/yt]

Good luck in your continued trading journy.

Reply With Quote
 
(login for full post details)
  #55 (permalink)
sraman
washington, D.C.
 
 
Posts: 22 since Jul 2018
Thanks: 0 given, 11 received

You need to develop your strategy first and then test it. You do not need to decide what you want to trade - stocks, futures, bond, or FX. Once you have the strategy figured out, you trade whatever you feel comfortable with.

I would like to recommend these books to start with:
1. Trading in the Zone by Mark Douglas
2. Candlestick Trading by Stephen Bigalow
3. Atomic Habits by James Clear

If you are still not clear after reading these, you can contact me through DM for further cooperation.

Reply With Quote
 
(login for full post details)
  #56 (permalink)
 DavidHP 
Legendary Market Wizard
New Orleans, La (Mardi Gras City)
 
Experience: Advanced
Platform: NinjaTrader
Broker: Ninjatrader / Optimus Futures / AmpFutures
Trading: ES / 6E / 6B / CL
 
DavidHP's Avatar
 
Posts: 1,376 since Aug 2009
Thanks: 10,028 given, 2,410 received


MiniP View Post
might be having a brain fart but care to explain the "1000 delta chart" that makes my 4500 tick look like a sloppy mess. And honestly would rather trade off that, looks very clean... and I thought my 4500 tick was clean.. please share details/set up. Is this an add on I assume?

-P

This type of chart was posted by @tigertrader on this link.


I have a custom Delta Bar Type and I made a similar chart.
I've had it for a very long time.
Thanks to @tigertrader for the reminder.

I think you can look up Delta Volume Chart for information about them.

Rejoice in the Thunderstorms of Life . . .
Knowing it's not about Clouds or Wind. . .
But Learning to Dance in the Rain ! ! !
Follow me on Twitter Reply With Quote
The following user says Thank You to DavidHP for this post:
 
(login for full post details)
  #57 (permalink)
 DrPatrick 
Murfreesboro, TN, USA
 
Experience: Intermediate
Platform: ThinkorSwim
Broker: Thinkorswim
Trading: emini ES
 
Posts: 8 since Feb 2017
Thanks: 2 given, 22 received


Oriole View Post
How much does he charge?

I would encourage you to contact him and ask him that question.

Follow me on Twitter Reply With Quote
 
(login for full post details)
  #58 (permalink)
 bandtasia 
Grand Junction, Colorado/USA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB/NinjaTrader
Trading: ES
 
Posts: 11 since Mar 2015
Thanks: 26 given, 36 received

My three top choices, not necessarily in order are: Merritt uses Market Profile at SMB Futures if you want to immerse yourself in this methodology, but his mental approach is noteworthy. Ray Burchett at Trust1st has a 2 part program which was also known as IDT, or Intuitive Development for Traders. Part 1 is a continuous self-discovery to help you uncover exactly where you need the work at any point in your development, and the other is teaching his trading system, primarily with the ES. I won't go into detail here other than he was an S&P Futures pit trader, and currently trades his own account online. There are excellent references to him in Futures.io if you search under his name or google trust1st. The other is Robin Dayne, who approaches both the psychological and technical aspects of trading, and she doesn't teach a trading "system", she teaches how to read the market bar by bar which is either complementary or stand alone. She is very methodical in her trading approach, which I find useful. I've also referenced her in previous posts. She worked with Paul Tudor Jones for a number of years, and is also a new member in Futures.io, so you can look her up within the site. These three have contributed the most to my trading progress over the years. Lately I have found Robin's methods of reading the charts most helpful, even as solid as I am in my own strategy - excellent for beginners or advanced traders. It is definitely a subject for introspection, and I see there are excellent suggestions in the other posts as well. I'm just speaking from the experience of working directly with coaches.

Reply With Quote
The following 2 users say Thank You to bandtasia for this post:
 
(login for full post details)
  #59 (permalink)
 tigertrader 
Philly, Pa
 
Experience: Master
Platform: NinjaTrader
Trading: ES, ZB
 
tigertrader's Avatar
 
Posts: 6,255 since Jul 2010
Thanks: 6,574 given, 34,957 received


madelynnjohnson View Post
TY199

I don't normally post a lot of posts and I have only glanced through this thread. So I can't speak as far as what others are suggesting. However, as an educator in the public sector and a trader for over 10 years this would be my suggestion for someone beginning to trade. Search for two threads and two webinars that were done by Perry at this website. You should easily find them. I participated in his methodology training. His first webinar was laying a foundation and the second was setting things up in a more sophisticated fashion with more sophisticated indicators, but still using his basic method. I would search in thread attachments for .xlm files which will give you a variety of chart templates. The indicators are usually listed in the first couple of entries in the threads. Download the indicators first and then .xlm file for templates.

Keep your charts as simplified as possible. There are a plethora of indicators out there and many spend a lifetime searching for the "one". It DOES NOT exist. I believe that this is an interpretive skill that we learn as to how to "read" our charts which gather information and then we form opinions leading to decisions as to how and when we want to place a trade. I use no gap range bars. I learned this way and it feels intuitive because I am visual and need to see the path of price as a path and not as a candle that resembles a thermometer. In addition to incorporating Perry's method, I have made some tweaks that make it more easy for me to read my charts. There is one indicator that is a simple one, but enable me to see price action better. It is called Three Bar Reversal and is in the download section at futures.io.

So, here's what I would suggest:
1. Download Ninjatrader 7. This will give you the most access to the indicators available. Get familiar with Ninjatrader platform if you are not already using it.
2. Get some kind of data feed if you don't already have one.
3. Study and learn Perry's method. Send him a private message if you need to as he has always been opening to helping students.
4. Get a chart template and indicators from the first thread (the second thread is designated as a continuation of the first)
5. Find the No Gap Range Bar indicator here at futures.io. I believe that it has to be installed as a chart style (if you don't know how to do this.....ask.)
6. Add the Three Bar Reversal indicator to the other indicators on your chart.
7. Set your chart up using 4 No Gap Range bars and start reading the data that your charts are telling you. There are many examples in Perry's thread that will help you pinpoint entries. Use your DOM and set your profit stop at 4 ticks and for now your exit stop for 8. This is just practice. You have to get completely comfortable with the chart reading and spotting trade entries. By using the DOM your entries and exits are predetermined. You want to create a system and procedure that you can do over and over. This is not a trading strategy where you are going to be in a trade for a long time making a lot of points. That comes later. Use the ES futures for your instrument. Concentrate on one instrument and for now stay away from CL. It's too volatile. Remember, you are approaching this like a babe in the woods and reprogramming how your think, read charts and react to the information that you are receiving from the interpretation of the chart.

Trade in SIM. You would not go out and use some complicated piece of equipment without proper training and that includes practice. After using Perry's method for a while you will be able to spot trades while they are setting up. Use market replay. You can use this like a tape recorder. Rewind, watch how that trade started setting up to get to the point where an entry would have been possible. With this method and a little practice it's not going to take long for you to see the entries.....especially with the example charts which were submitted for critique to Perry.

Here's the money strategy for the ES: 4 tick profit with 1 contract equals $50.00; 4 trades per day (and we don't over trade) equals $200.00 per day: that equals approximately $1,000.00 per week and finally, $50,000 over a 50 week time period. Of course, you have a small commission. However, with accuracy this should not eat you up and we are going for accuracy. Once you get comfortable, go to 6 no gap range. You will be able to get more ticks per trade. Set your DOM for 6 ticks profit. This means 1 contract at 6 tick equals $75.00. You do the math. For now, you want to develop a consistent performance. If this is done the money will follow. Once you are consistent go to trading SIM with live market data. You are looking for the same thing.....consistent performance. Stay away from trying to look for another indicator if you start having trouble making good trades. It's not out there. Stay with your simple chart. This is the instance where less is better. Listen to the voice of experience. I've been there and done that.

This is just a rough tip of the iceberg, but will get you started. You need a foundation and I feel this will work for you. If my daughter wanted to get into trading, this is what I would suggest for her. I know that you will have a number of questions. I did. This forum is an excellent place for answers and if you need any other hep, holler.

All the best,
Madelynn

Use your DOM and set your profit stop at 4 ticks and for now your exit stop for 8.

really?...you're risking 8 tics to make 4 tics? What could go wrong with that?

This is not a trading strategy where you are going to be in a trade for a long time making a lot of points. That comes later.

So, forget that you are learning on how to trade incorrectly and forming bad habits, now. You can always learn how to trade correctly later.

Once you get comfortable, go to 6 no gap range. You will be able to get more ticks per trade.

Because the data series you use determines trade management?

Follow me on Twitter Reply With Quote
The following 6 users say Thank You to tigertrader for this post:
 
(login for full post details)
  #60 (permalink)
 spideysteve 
Fort McMurray, AB Canada
 
Experience: Beginner
Platform: NT, MT4, Jigsaw
Broker: Continuum
Trading: ZN, ES
 
spideysteve's Avatar
 
Posts: 153 since Mar 2015
Thanks: 360 given, 169 received

@Ty199

There are a lot of people recommending certain course or people, and that's great - because those are things that have helped them individually and they are trying to help you by making suggestions.

For example, Merrit Black from SMB has been recommended here by several people. IMO, he's a horrible educator. I really can't put my finger on WHY I don't like him, I just don't. And, while I have no doubt that he's a profitable trader and has a lot of knowledge, the times I've watched videos by him have been a giant waste of my time, because I don't like him and therefore I learned nothing from him. I have no personal sort of dealings with him, it's just that I don't connect with him and his mannerisms, personality and style. Nothing personal, it's just how I perceive him, for whatever reason. I've accepted it and moved on. On the other hand, Mike and Steve from SMB I think are great and I watch videos they do all the time as I seem to take a little something away from nearly every one, even though they are focused on stocks as opposed to futures.

My point is that you need to study people to learn from, if you really want to learn. If you don't connect with a person, you won't be able to learn from them and you should move on. There are a ton of suggestions here and you will need hours of your time to try and find someone that you can connect with.

Good luck in your journey.

Follow me on Twitter Reply With Quote
 
(login for full post details)
  #61 (permalink)
 MiniP 
Market Wizard
Columbus OHIO
 
Experience: Intermediate
Platform: NinjaTrader
Broker: NinjaTrader Brokerage
Trading: ES,
 
MiniP's Avatar
 
Posts: 1,142 since May 2017
Thanks: 1,102 given, 2,898 received


DavidHP View Post
This type of chart was posted by @tigertrader on this link.


I have a custom Delta Bar Type and I made a similar chart.
I've had it for a very long time.
Thanks to @tigertrader for the reminder.

I think you can look up Delta Volume Chart for information about them.

@tigertrader

Thanks for the info, can't find anything in the download section and everything on NT8 talks about the order flow+ suite

if anyone has a download that's for NT8 please let me know.. found a ton of info for sierra charts but nothing for NT8

-P

"Truth is not what you want it to be; it is what it is, and you must bend to its power or live a lie"-Miyamoto Musashi
Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to MiniP for this post:
 
(login for full post details)
  #62 (permalink)
 tigertrader 
Philly, Pa
 
Experience: Master
Platform: NinjaTrader
Trading: ES, ZB
 
tigertrader's Avatar
 
Posts: 6,255 since Jul 2010
Thanks: 6,574 given, 34,957 received


MiniP View Post
@tigertrader

Thanks for the info, can't find anything in the download section and everything on NT8 talks about the order flow+ suite

if anyone has a download that's for NT8 please let me know.. found a ton of info for sierra charts but nothing for NT8

-P


Follow me on Twitter Reply With Quote
The following 2 users say Thank You to tigertrader for this post:
 
(login for full post details)
  #63 (permalink)
 MiniP 
Market Wizard
Columbus OHIO
 
Experience: Intermediate
Platform: NinjaTrader
Broker: NinjaTrader Brokerage
Trading: ES,
 
MiniP's Avatar
 
Posts: 1,142 since May 2017
Thanks: 1,102 given, 2,898 received


tigertrader View Post

my bad I thought that was just for the Delta at the bottom of the chart, thanks guys

-P

"Truth is not what you want it to be; it is what it is, and you must bend to its power or live a lie"-Miyamoto Musashi
Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #64 (permalink)
 Joseph Connors 
Colorado Springs, CO USA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Amp Futures. CQG
Trading: Futures
 
Joseph Connors's Avatar
 
Posts: 63 since Jul 2012
Thanks: 28 given, 50 received


madelynnjohnson View Post
TY199

....

... There is one indicator that is a simple one, but enable me to see price action better. It is called Three Bar Reversal and is in the download section at futures.io.

...

All the best,
Madelynn


I can't seem to find the "Three Bar Reversal" in the downloads section. Does it have another name?

Persistence! Nothing in the world can take the place of persistence.
Talent will not ... nothing is more common than unsuccessful men with talent.
Genius will not ... Unrewarded genius is almost a proverb.
Education will not ... The world is full of educated derelicts.
Persistence and determination alone are omnipotent!
Calvin Coolidge
Reply With Quote
 
(login for full post details)
  #65 (permalink)
 Smackalackattack 
Newnan Ga/US
 
Experience: Beginner
Platform: Sierra Chart
Trading: Emini ES/CL/GC
 
Posts: 7 since Feb 2020
Thanks: 4 given, 9 received

I highly recommend doing Adam Grimes’ course. It’s like 25 hours and it takes you through everything a trader needs (journaling, psychology, market structure, etc., etc,.). Best part is that it is completely free. I would recommended his book as well, it goes very well with the course. The book of course you would have to pay for. And with you trading for a few years, it could potentially fill in some of the holes you may be having with your system/process/plan. Anyways, hopes this can help.

Reply With Quote
The following user says Thank You to Smackalackattack for this post:
 
(login for full post details)
  #66 (permalink)
 madelynnjohnson 
Laramie, Wyoming
 
Experience: Advanced
Platform: Ninjatrader
Broker: NinjaTrader Brokerage
Trading: TF, 6E, ES
 
madelynnjohnson's Avatar
 
Posts: 117 since Jun 2011
Thanks: 331 given, 319 received


Joseph Connors View Post
I can't seem to find the "Three Bar Reversal" in the downloads section. Does it have another name?

@Joseph Connors

The indicator that I mentioned was in a thread because it had a problem that was fixed. The indicator is named as follows ThreeBarReversalPaint.cs and can be found in a thread named Three Bar Reversal, page 1, post # 4. I'm using it with the latest Ninjatrader 7 version on the Ninjatrader website. It is a .cs file which is easy to install. If you need further help with the .cs file, please let me know. Or you can probably find out info on .cs files at futures.io. When using the indicator put it to False on calculate at close of bar and True to the other options regarding showing all reversals. If you study it you will realize that the candles are showing price action by virtue of color.

Reply With Quote
The following user says Thank You to madelynnjohnson for this post:
 
(login for full post details)
  #67 (permalink)
 madelynnjohnson 
Laramie, Wyoming
 
Experience: Advanced
Platform: Ninjatrader
Broker: NinjaTrader Brokerage
Trading: TF, 6E, ES
 
madelynnjohnson's Avatar
 
Posts: 117 since Jun 2011
Thanks: 331 given, 319 received


Ty199 View Post
Really need help to learn. I have been trading for about 4 years and lost so much money. I paper trade and did use real money until I finally learned that I am not doing any good loosing my money. I have tried so many set ups, indicators all that stuff but cant get the solid foundation to start with. Im missing something somewhere and have been trying so long to find what it is. I want to learn ! I have to learn ! This is what I want to do... Even after all the lost money, failing and feeling like crap I still have a drive to do it and it has not slowed down. I am not getting something somewhere. Looking for a true person or group to teach me. I dont want to follow someone I want to be on my own after I learn. Recommendations on where to look and start ?

@Ty199 Apparently, there are some on the site that did not realize that I was talking about rudimentarily learning a system. I was NOT espousing going live with the stops I mentioned. And in no was this sophisticated money management. All I was trying to do is give you a plan for learning the mechanics.

Reply With Quote
 
(login for full post details)
  #68 (permalink)
 nikotron1124 
Anahein+California
 
Experience: Intermediate
Platform: Ninja Trader
Trading: Gold
 
Posts: 21 since Oct 2012
Thanks: 117 given, 29 received


Ty199 View Post
Really need help to learn. I have been trading for about 4 years and lost so much money. I paper trade and did use real money until I finally learned that I am not doing any good loosing my money. I have tried so many set ups, indicators all that stuff but cant get the solid foundation to start with. Im missing something somewhere and have been trying so long to find what it is. I want to learn ! I have to learn ! This is what I want to do... Even after all the lost money, failing and feeling like crap I still have a drive to do it and it has not slowed down. I am not getting something somewhere. Looking for a true person or group to teach me. I dont want to follow someone I want to be on my own after I learn. Recommendations on where to look and start ?


Although I am not using any indicators now, I would give you a nice setup to help you get some confidence in "Pulling The Trigger" to place a trade. Just setup the following two indicators on the platform you are using for trading.

1. Use either the MACD, or the PPO depending which one your platform has. If both, then select the PPO (Percent Price Oscillator). The settings for either one are 8, 13, and 9 (for the moving average). If there is a choice, I would select the Exponential, or the Front Weighted type of average.

2. Use the ADX with +DI/-DI and set the period to 10. Use Green color for the +DI and Red color for the -DI and use maybe Blue for the ADX, it really does not matter as long as it is different from +DI/-DI.


Now if you can, place the PPO, or MACD on top of the ADX +DI/-DI and watch for the following to occur. At some point, the PPO moving average will get close to the ADX line. Like the PPO average declining and starting to turn up, while the ADX line rising and starting to turn down. In other words, those two are getting close to each other and then starting to pull apart. Once this happens, watch for a cross of the DI lines and if the +DI (green) line crosses over the -DI (red) line, then this is your signal to go Long what ever you trade. The opposite holds true for going Short. BUT, the signal starts with the ADX and PPO average getting close first and then pulling apart. That's where the trade setup starts.

If for some reason your trading platform does not allow you to place those two indicators in this fashion, then if those two lines mentioned above, instead of coming together they will be pulling apart before they start coming together. I know Ninja Trader lets you place them any way you want, but some platforms (Like Interactive Brokers) place them in alphabetic order with the ADX on top of PPO (or MACD).

This setup can be used on ANY time frame, ANY! So, try it and wish you the very best and remember nothing is 100% in trading, BUT this setup is as close to being a Holy Grail as anything I have seen in my multi year trading career. GOOD LUCK and GOOD PROFITS!

Reply With Quote
The following 3 users say Thank You to nikotron1124 for this post:
 
(login for full post details)
  #69 (permalink)
Ty199
Joplin, Mo. Jasper
 
 
Posts: 45 since Sep 2019
Thanks: 16 given, 47 received


DavidHP View Post
You can use any system that has an edge for you.
The reason I suggested a mostly empty chart with just moving averages is because the exercise is to get screentime in the market of your choice. If you put moving averages on a chart you should understand their purpose. They are to show how extended from the 'average' price is. They give you and idea of the way the market moves above and below average and then returns. (rhythm).

I personally don't take trades from standard moving averages. My trading chart uses anchored VWAP mostly but I have at least one ema/sma on my charts.

Here is a chart I posted in a different thread.
I posted it to show how I was thinking short but the market was saying ??? You are going short when the market keeps bouncing from the 50. What are you thinking.
As you can see, the average shows the market is in a uptrend and shorting was not wise unless it was a scalp at the top of the rhythm waves. (there was more risk to be short)

50 Bounce (ES on 1000 Delta Chart)


First thing I saw was long positions on that chart due to being above the 50 showing bullish at the time. I know ema and sma are are not the same on differant time frames. You prefer a 1000 tick chart ? Im going to have to play stupid here and ask what you mean Delta Chart. I only know Delta as an option term.

Reply With Quote
 
(login for full post details)
  #70 (permalink)
 Sandpaddict 
Langley
 
Experience: Intermediate
Platform: IB
Trading: Futures
 
Posts: 298 since Mar 2020
Thanks: 313 given, 261 received

Ty199! Thats MY story. Same evolution. Except futures then penny stocks... forex... then back to futures... everytime loosing tens of thousands. Yet I dont feel like I can give up. Its IN me now. Once you get to a certain point YOU dont need a trading coach! You NEED an ACCOUNTABILITY coach. I have a profitable strategy now that Ive been testing but I need a few thousand trades to verify l got something. So far im CONSISTENT for the first time ever. And it comes with a certain confidence. Ive probably studied every day since I stumbled across trading in 2015. This is MY strategy, like Richard Dennis used to say "I could print my rules on the front page of the news paper and no one would listen." I am still a kindergarten trader but of all the posts here, and some seem dangerous, Mich62 has some REAL traders here. (I have followed Beggs for years) I have my own. He is a day trader. He has hosted here and Im sure Big Mike would agree has contributed something to the trading community that is quite impressive in its own right and is as timeless as it is extensive and concise. I HAVE ZERO AFFILIATION TO ANYTHING TO DO WITH HIM.. but I buy it all and think his video course is possibly the only money you will need to put out as it has EVERYTHING you need and you get a nearly inexhaustible content. He trades almost exclusively on the 5 minute Emini S&P with no indicators other than the 20EMA. One other thing. I spent many years programming easy language in Tradestation. I am not saying it was not a great learning experience but I challenge anyone on here to show you a consistently profitable peice of code. Its NOT that easy. Even less easy trying to let it trade. Btw that trader is Al Brooks of Brookstradingcourse.com

Mich62 View Post
It seems to me that indeed a good solid foundation is missing. As long as you don't have a good foundation all the trying will cost you till someday you may accidentally stumble across something which resonates with you.

So the question is where to get a good foundation? That's where someone with a lot of experience, call it a mentor, can help. Someone who studied the market for a long time and paid his dues. Someone who walk the talk. Preferable someone who has written down his knowledge so it can be studied. How do you know this person is a trader and not an educator without real successful experience? How do you know his methods work? You look at their track record.

For example Peter L. Brandt, trading commodity futures for the intermediate- & longer term. He runs his own hedge fund successfully since long and published his trading record in his book "Diary of a Professional Commodity Trader: Lessons from 21 Weeks of Real Trading".

Or Mark Minervini who won the US championship and is featured in Jack Schwager's Market Wizards together with Pit Bull Marty Schwartz, Linda Raschke and others.

Now Peter Brandt may not resonate with you because of the longer term trading and Mark Minervini not because he trades stocks. Because of these reasons I don't recommend them in particular for you. Nevertheless one will pick up valuable things from their books which one can use in developing one's own personal foundation and trading method. And that's what it's all about, a personal style in tune with one's temperament.

I will name a few "mentors" (with a real trading background, not educators or brokers) who will give you a good foundation for what I think is your preferred way of trading, that is intraday trading using chart reading / price action:

1. Linda Raschke, more than 40 years of experience with a consistent approach (foundation). Traded on the floor (verifiable). Focus on the LBR310 indicator. Watch her videos here on FIO and on YouTube. Search for "Professional Trading Techniques" by Linda Bradford Raschke pdf.

2. Richard Wyckoff developed a great foundation based on support and demand rules. He spent his whole life studying and describing the markets.

He left us with a great legacy (in the form of his books and a course) which, when studied, will make you aware of important eye opening (at least for me) aspects of trading like:

"There are those who think they are studying the market -- what all they are doing is studying what someone said about the market -- not what the market said about itself"

or

"Listen to what the market is saying about others, not what others are saying about the market"

This requires a lot of work & screen time (and the guts to take responsibility). How to analyze a market is one thing. To trade it is something completely different.

Some good resources regarding the Wyckoff method:
- Studies in Tape Reading. More versions online available. Also named " The Day Traders Bible".
- The Wyckoff Method: A Tutorial
- Richard Wyckoff method.

One can make a living by only trading springs and upthrusts (David Weis in "Trades About to Happen: A Modern Adaptation of the Wyckoff Method").

3. Bob Volman wrote "Forex Price Action Scalping: an in-depth look into the field of professional scalping" on chart reading with clearly defined setups and in-depth view on scalping & price action. He has no verified track record but wrote only two books and doesn't sell anything else so I regard him as a professional trader.

4. Lance Beggs ( YourTradingCoach) offers a course with clearly designed setups. He writes a lot on different aspects of intraday trading on his blog. He has no verified track record but offers a clear, understandable and useful trading approach.

His setups are more or less described in the free e-book " Trading Decision Points" and in the corresponding blog " NiftyNirvana" (see e-books at the bottom). I think the setups in this free e-book can provide a consistent income when trained long enough and it suits one's personality.

At last there is this remarkable fellow under the name Verniman who calls out his ES trades in real time (verifiable but maybe sim). You can follow him every day via Twitter for $30 a month or for free via https://twitter.com/verniman (see blog link there). I think he is a good example of someone who trades his own developed specific method. Maybe difficult to replicate (that should not be the goal) but there is something to learn nevertheless (for example discipline).

Focus on one instrument only, be it MES or MNQ. No internet and no e-mail during trading. Trade live and analyze your trades thoroughly. Think about starting a journal here on FIO for feed back. Good luck.

-Mich

p.s. I am not affiliated with either one mentioned.

Sent using the futures.io mobile app

Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to Sandpaddict for this post:
 
(login for full post details)
  #71 (permalink)
Ty199
Joplin, Mo. Jasper
 
 
Posts: 45 since Sep 2019
Thanks: 16 given, 47 received


rlstreet View Post
Before seeking advice from others maybe start with the question why you want to trade as there are a lot of easier ways of making money.

And if you have the passion for it, reading your post and troubles you have gone through certainly points that way, it is also advisable to have an extra income on the side. Don't bet the farm on a trading income.

So get the pressure of this learning phase on one hand but on the other hand try to learn with real money on the line, no paper trading. Just do it very small, not too much leverage, just so you can sleep at night when things go south. And when things are going terribly wrong the better, your job is to endure that little pain and eval your own reaction. You have.to train that skill. So in time you can psychologically can handle more leverage. For every person this is different. Some of us have natural talent most of us haven't because our baked in flight fight response

So start with proving to yourself that you can handle a small account. Consider a modest profit, at least not blowing up the account as an real achievement. That will build your confidence more than any mentor can do.






Sent using the futures.io mobile app

I just love the complete aspect of Trading, it takes time and knowledge to learn, some more than others. It is hard and can be very stressful but when it goes good it a nice stress of relief of accomplishment. But I have to ask, what other ways do you mean to make money that is easier ? There is I know but I am pretty much unable to work with public or be in certain situations or places. I am a retired Police Officer after only 10 years of the career. I had to hang up the badge ( volunterly but advised by medical Dr. ) due to several incidents that caused me to suffer from PTSD. Not going to details but I was changed as they all happened in a span of 1 year. But enough on that lets talk money and the market. Now there is ways to make money but to love what your doing also other than trading ?

Reply With Quote
 
(login for full post details)
  #72 (permalink)
Ty199
Joplin, Mo. Jasper
 
 
Posts: 45 since Sep 2019
Thanks: 16 given, 47 received


Aurac View Post
It appears to me that your focus seems to be on making money rather than learning to trade. Imagine someone wanting to earn a living from tennis going on tour trying to win matches. They will fail miserably. Their focus should be on learning learning how to play tennis and getting fit, etc. Then after learning the process of playing tennis, they can start playing matches and they will lose at first. But all the time they will be learning and getting better at the process of playing tennis.
There are no low hanging fruit in trading any more. Every time you step on to the field you are going against professionals that have exemplary trading processes. Unless you are aligned with them....you will lose.
If I were you I would learn how to trade, which means developing a really good trading system. I think these are very difficult to do starting from scratch. So you need to find a suitable one that fits in with your ideas about trading (of which you seem to have some strong opinions) and then adapt it to your personality.
I would start here https://www.vantharp.com/ and go through all the free stuff of which they have a lot.
At the end of that process you will have a different idea of trading than you have now. It will also help you in your search for a suitable system.
You will also need to let go of all your opinions otherwise you will not find truth which is what you are missing.

I think this is very good advise and I Thank you for that. That is developing a trading system on your own ( than hits it right on ) or finding one that you can adjust to.

Reply With Quote
 
(login for full post details)
  #73 (permalink)
Ty199
Joplin, Mo. Jasper
 
 
Posts: 45 since Sep 2019
Thanks: 16 given, 47 received


SMCJB View Post
Okay I'll say what nobody else seems to have said.

Even though you'd love this to work have you ever considered that maybe this isn't for you and that you should move on?

I'd love to be an NFL Middle Linebacker but it ain't ever going to happen no matter how much I love it or how matter I try.

Yes I have, 2 times I said I was done and meant it. But after a couple weeks I would start studying again not meaning to. Just did it and I dont want to say this because it can sound bad. Its like a infatuation. Let me make this clear . I do not gamble, I do not bet, If I go to a Casino once every 5 years maybe I will only take $20 in and when its gone Im done. I cant see how people loose so much money on hoping for luck..

I appreciate your view and saying what you did. But I dont see myself stopping to learn. My wife says she has never seen me so determined and inspired by something like this. I probably could have played MLB, right out of H.S. but I turned down 2 invitations to try out for KC. I loved it but wasnt what I wanted. I raced Pro MotoX and Freestyle MX but never had the desire to keep going after something. My wife has noticed all this and has asked me why ? Honest I dont have a answer besides I find it fascinating and want to make it a career.

Reply With Quote
The following user says Thank You to Ty199 for this post:
 
(login for full post details)
  #74 (permalink)
Ty199
Joplin, Mo. Jasper
 
 
Posts: 45 since Sep 2019
Thanks: 16 given, 47 received


exiledgoblin View Post
I can feel your pain!

My first bit of advice is quit. Only a tiny minority (3-5%) of people who try to day trade futures ever make any money. In other words, you have as much chance of winning this game as you do winning a gold medal at the Olympics.

Second, avoid the snake oil vendors. Anyone who offers to sell you magic red/green (buy/sell) indicators or their "never before revealed secret" knowledge that will have you making money in a month or so is in all likely-hood a con artist.

Third, if you are still reading at this point, you need a mentor. You are not going to figure this out by yourself by buying a $200 course or $2000 magic indicator. Find a real trader with a real (verified) record of success and become an apprentice. Unfortunately that costs money and most of the retail traders out there are severely under-funded and don't want to spend their precious and limited capital for training. But there is no alternative. Imagine deciding to become a brain surgeon and insisting on teaching yourself everything you need to know.

I wish you the best!
exiledgoblin


Thanks for your advice but I wont quit. What would I do ? What could I find that gives the drive so much to learn trading and the market ? I have never found anything that motivates me to learn more than trading.

Reply With Quote
The following 2 users say Thank You to Ty199 for this post:
 
(login for full post details)
  #75 (permalink)
 n7ekg 
Pahrump, NV
 
Experience: Advanced
Platform: Sierra Chart
Broker: AMP
Trading: ES, NQ, CL
 
Posts: 48 since Aug 2016
Thanks: 5 given, 35 received


Ty199 View Post
Thanks for your advice but I wont quit. What would I do ? What could I find that gives the drive so much to learn trading and the market ? I have never found anything that motivates me to learn more than trading.

That's because trading is crack!

Most of the advice is probably stuff you've already thought of before, is really generic in nature, and won't help you develop a strategy.

Trading isn't an Olympic sport, or any of that stuff - trading is a BUSINESS. You're in business to make a profit. 90% of "mentors", and "trading education" companies are BS. They don't trade live, and they use a variety of tricks to convince you that what they're showing you is real. Most of it is not.

Rule #1: Trading is HARD. The reason why 95% of traders fail is because (1) they have no discipline and no focus, (2) they have no money management skills, and (3) they don't know how to read the market.

Rule #2: Most trading courses are worthless beyond teaching the basics of the market.

Rule #3: Most indicators are garbage. Moving averages lag - they're telling you what happened in the past, not what's happening now.

Rule #4: If someone tells you that you have to have a big account to trade with because you'll lose a lot of money before you learn, they're just plain wrong.

Rule #5: This isn't a get-rich-quick profession - and make no mistake, this *is* a profession. I know folks who are reading and studying 16 or more hours a day, every day.

Rule #6: People will tell you that there is no holy grail in trading. They're wrong also. You want to find high probability entries and exits that don't require huge stops - *that's* the holy grail. Having to have huge stops just means that people are lazy about their entries.

Rule #7: One of the best traders I know doesn't use indicators on his charts. He doesn't need them. He and his team make millions a day, every single day, and rarely lose a trade.

Rule #8: You don't need charts that look like Christmas trees, either. The key to trading is to answer two very simple questions: (1) What causes price to move? (2) How can I see that force or forces on a chart?

A couple of books that might help you out - they improved my trading immensely - are listed below:

A Complete Guide To Volume Price Analysis: Read the book then read the market: https://www.amazon.com/dp/B00DGA8LZC
VOLUME PROFILE: The insider's guide to trading: https://www.amazon.com/PROFILE-insiders-guide-trading-ebook/dp/B07G7KMK8J

These are very inexpensive books if you get them in Kindle format - $5 each - and I think they'll help immensely in pointing you in the right direction.

Good luck, and trade green!

Follow me on Twitter Reply With Quote
The following user says Thank You to n7ekg for this post:
 
(login for full post details)
  #76 (permalink)
 rlstreet 
Arnhem, The Netherlands
 
Experience: Intermediate
Platform: NinjaTrader, Zorro
Broker: RCG/Continuum, IB, Oanda
Trading: Futures: FDAX, GC, ES, CL also: FX, CFD, ETF
 
rlstreet's Avatar
 
Posts: 74 since Aug 2012
Thanks: 47 given, 84 received

Sorry to hear, must be hard this change, I can imagine that trading would be a solution for you in your current situation.

I guess you've heard a phrase like this "trading is most difficult way of making easy money". Will a be a lot of similar phrases out there, all pointing to a truthful point and that learning to trading is a struggle. Much more so then a regular job. Ratings show only 10 to 20% will be making it.

An important part is that a majority of new people entering the markets have completely wrong expectations. Other part is that we as humans are not wired naturly as traders, just the opposite.

So good to have a buffer/backup plan and an other source of steady income in the learningphase when chances are real your not going to make it. Mine was running an IT service company which I did on the side.

Success with your trading journey!
Ty199 View Post
I just love the complete aspect of Trading, it takes time and knowledge to learn, some more than others. It is hard and can be very stressful but when it goes good it a nice stress of relief of accomplishment. But I have to ask, what other ways do you mean to make money that is easier ? There is I know but I am pretty much unable to work with public or be in certain situations or places. I am a retired Police Officer after only 10 years of the career. I had to hang up the badge ( volunterly but advised by medical Dr. ) due to several incidents that caused me to suffer from PTSD. Not going to details but I was changed as they all happened in a span of 1 year. But enough on that lets talk money and the market. Now there is ways to make money but to love what your doing also other than trading ?

Sent using the futures.io mobile app

Reply With Quote
The following user says Thank You to rlstreet for this post:
 
(login for full post details)
  #77 (permalink)
 DavidHP 
Legendary Market Wizard
New Orleans, La (Mardi Gras City)
 
Experience: Advanced
Platform: NinjaTrader
Broker: Ninjatrader / Optimus Futures / AmpFutures
Trading: ES / 6E / 6B / CL
 
DavidHP's Avatar
 
Posts: 1,376 since Aug 2009
Thanks: 10,028 given, 2,410 received


Ty199 View Post
You prefer a 1000 tick chart ? Im going to have to play stupid here and ask what you mean Delta Chart. I only know Delta as an option term.

Maybe you should read the whole thread above you?

Rejoice in the Thunderstorms of Life . . .
Knowing it's not about Clouds or Wind. . .
But Learning to Dance in the Rain ! ! !
Follow me on Twitter Reply With Quote
The following user says Thank You to DavidHP for this post:
 
(login for full post details)
  #78 (permalink)
 martinhunting 
melbourne victoria australia
 
Experience: Advanced
Platform: ninjatrader
Broker: FXCM
Trading: AUS200
 
Posts: 118 since Apr 2016
Thanks: 58 given, 129 received

Firstly, to understand the markets, you have to understand what its purpose and who are the participants The purpose of the market is to facilitate trade. Since the participants are human beings psychology greatly affects the perception of value and price behavior.

All markets has intrinsic supply and demand fundamentals that is affected by human psychology, so understanding value ,supply /demand and human psychology will be a start to understand the complexity of markets.

Their are only two states that the market can exist TRENDING AND BALANCING.
The market is fractal a 60minute candlestick chart can show the market as trending , yet on a five minute chart price could be balancing both are correct A five minute balance exist within the larger trend of the 60 min time frame.
In trending markets perception of value changes and moves away from accepted value.
When a market is in a balance both buyer and sellers perceive price as a fair and is accepted for a period of time. The market spends about 80%of their time on any given time frame in a state of balance. Balances signifies trade facilitation through acceptance of value.

market balance


market balance

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #79 (permalink)
 sbogatin 
oldsmar
 
Experience: Advanced
Platform: multicharts
Trading: currenies
 
Posts: 5 since Jan 2016
Thanks: 0 given, 26 received

Trading is such a difficult, long process. One of the biggest problems is the personal psychology and lack of objectivity...about yourself and also the market. Traders for the most part are attracted to the wrong decision because of their biases and because they cannot read the market correctly. Markets expand and contract and this has to be recognized...and dealt with accordingly. There are bull and bear traps that are not random, but you need to know how to recognize them and act accordingly. You need to think like a buyer and a seller: know where both are...and have an understanding of structure and price action, probability, and risk:reward. You need to learn when the markets are ambiguous...and learn to stay away from them because you will probably lose. You must always evaluate your own subjectivity about the market and your own behaviors that trigger a trade for you. It is a tough business to learn about the market...and learn about yourself. Most teachers make money teaching. not trading ( I can only guess because I don't know most teachers ). I have been at the market just under 40 years. I read a market very well now...and my age and experience has taught me to walk away when I don't see that I have the edge. I don't calculate success from the trades I missed, but by the trades that worked....and all the losses I avoided. I know what bad traders do, and how the smart money attracts bad traders to make bad decisions. I am always aware when I am about to be impulsive and not clear minded...and use that to avoid the trade. When this happens...you can still follow and learn...and if you get no gratification from this...you will probably not succeed. There are traders like Larry Pesavento...a pattern trader and a discretionary trader and a mentor. There are price action traders like Al Brooks who has a video series. Andrew Menaker and Denise Shull work with the psychological aspects of traders....and professional trading firms use them...so why wouldn't you? Do you trade smaller time frames? Do you look at larger time frames. Do you know that larger time frames give you more clarity? Different trades will be attracted to different trading styles...so it's hard to know what you need, and to know what you don't know. Most traders might work hard, but they don't work smart. Most traders don't know what needs to be done...and they would reject it if they knew.

Reply With Quote
The following 4 users say Thank You to sbogatin for this post:
 
(login for full post details)
  #80 (permalink)
 Mich62 
Netherlands
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: IB, NinjaTrader Brokerage
Trading: Commodities, (crypto)currencies & equities
 
Mich62's Avatar
 
Posts: 311 since May 2012
Thanks: 340 given, 536 received

In my first post (#15) I suggested to take a look at the Wyckoff method for a good and solid foundation.

In this post I will present an example of how to use price action in trading based on Wyckoff's method.

In this example I used 2 of the Wyckoff laws namely:

1. The law of supply and demand determines the price direction. This principle is central to Wyckoff's method of trading and investing. When demand is greater than supply, prices rise, and when supply is greater than demand, prices fall. The trader/analyst can study the balance between supply and demand by comparing price and volume bars over time. This law is deceptively simple, but learning to accurately evaluate supply and demand on bar charts, as well as understanding the implications of supply and demand patterns, takes considerable practice.

2. The law of effort versus result provides an early warning of a possible change in trend in the near future. Divergences between volume and price often signal a change in the direction of a price trend. For example, when there are several high-volume (large effort) but narrow-range price bars after a substantial rally, with the price failing to make a new high (little or no result), this suggests that big interests are unloading shares in anticipation of a change in trend.

Attached is a 1m chart of the ES of today May 11th showing the EU open. Times are CET.

At 09:00h EU opened. After making a low it made three pushes up to end at bar A which closed in the middle on high volume. Look at the range and volume of the bar compared to the prior bar. Classic Effort versus Result (E/R) case in Wyckoff terms. Could be seen as a buying climax. On the 3m (not shown) we can see we are in an area where supply emerged earlier on (in the Asia session). Double top and strong move down signaling a Change in Behavior (COB). Shallow pullback (look at the angle) forming a bear flag. No signs of buying pressure. First pullback after crossing the ema20 (1st Cross Sell by Linda Raschke). I went short which is a rather early and aggressive entry. Then bar B prints, low close and look at the volume, there is no demand (ND). Where are the buyers? The following pullbacks to ema20 were all good short entries.

There's much more to tell but I kept it to the 1m chart with price & volume in trying to keep it simple and clear.

If you are interested in price action trading the sources I mentioned in my first post (#15) will show you, and most is available for free. Focus on your foundation (and what resonates with you).

Trade well,
-Mich



200511_ES_1m_EU_Open

Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to Mich62 for this post:
 
(login for full post details)
  #81 (permalink)
 jengland 
Melbourne/Australia
 
Experience: Intermediate
Platform: Ninjatrader
Trading: Oil
 
Posts: 2 since Feb 2014
Thanks: 1 given, 0 received


Ty199 View Post
Really need help to learn. I have been trading for about 4 years and lost so much money. I paper trade and did use real money until I finally learned that I am not doing any good loosing my money. I have tried so many set ups, indicators all that stuff but cant get the solid foundation to start with. Im missing something somewhere and have been trying so long to find what it is. I want to learn ! I have to learn ! This is what I want to do... Even after all the lost money, failing and feeling like crap I still have a drive to do it and it has not slowed down. I am not getting something somewhere. Looking for a true person or group to teach me. I dont want to follow someone I want to be on my own after I learn. Recommendations on where to look and start ?

Hi I was in the same boat. When i see posts like this i put one place forward and that is because i have found them to be really good. Take a look at basecamptrading.com for $7 for the first month its very low risk for you. they have courses that are free from the day you sign up for your trial month (mindset and methods) and the futures rooms especially with Gary are awesome. A great learning curve and experience. Thats where i would send you and no i do not have any affiliation with the company. i am personally a member and this has been the consistent source of knowledge for me over the years. Very simple too!

Reply With Quote
 
(login for full post details)
  #82 (permalink)
 jokertrader 
NYC, NY
 
Experience: Intermediate
Platform: Sierra Qtrader TT
Broker: Amp/CQG/TT, Optimus, ADM
Trading: Mainly CL. Spread researcher currently
 
Posts: 638 since May 2013
Thanks: 538 given, 344 received

I also heard base camp trading to be an honest place from a friend. Other would be convergent trading run by FT71


Sent using the futures.io mobile app

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #83 (permalink)
 dk27 
Europe
 
Experience: Intermediate
Platform: NT, IB
Broker: IQfeed, IB
Trading: ES
 
Posts: 162 since Jun 2009
Thanks: 191 given, 125 received

It's also good to to check reviews, it looks value charts became basecamptrading.

https://www.tradingschools.org/reviews/value-charts/


jokertrader View Post
I also heard base camp trading to be an honest place from a friend. Other would be convergent trading run by FT71


Sent using the futures.io mobile app


Reply With Quote
 
(login for full post details)
  #84 (permalink)
 jokertrader 
NYC, NY
 
Experience: Intermediate
Platform: Sierra Qtrader TT
Broker: Amp/CQG/TT, Optimus, ADM
Trading: Mainly CL. Spread researcher currently
 
Posts: 638 since May 2013
Thanks: 538 given, 344 received

If thats the case, it has negative reviews.. again this is from a friend of mine and she attended their sessions every day and became a better trader for sure (but that might just her and her discipline and following a simple setup)

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #85 (permalink)
 spideysteve 
Fort McMurray, AB Canada
 
Experience: Beginner
Platform: NT, MT4, Jigsaw
Broker: Continuum
Trading: ZN, ES
 
spideysteve's Avatar
 
Posts: 153 since Mar 2015
Thanks: 360 given, 169 received


jokertrader View Post
I also heard base camp trading to be an honest place from a friend. Other would be convergent trading run by FT71


Sent using the futures.io mobile app

IMHO .. I don’t think convergent is currently what @Ty199 needs. FT71 does not help with a base. He expects you to already have a base when you go to convergent and he expects that you already have a process of analysis, as well as entries and exits.

That being said, the free morning analysis videos he does live on YT every day will give you a good glimpse into how he looks at the markets and how different scenarios play out. I would definitely recommend those to anyone.

Follow me on Twitter Reply With Quote
 
(login for full post details)
  #86 (permalink)
 Comeback King 
Tampa, FL/USA
 
Experience: Intermediate
Platform: TradingView
Trading: NQ, ES
 
Comeback King's Avatar
 
Posts: 262 since Aug 2016
Thanks: 184 given, 365 received


Smackalackattack View Post
I highly recommend doing Adam Grimes’ course. It’s like 25 hours and it takes you through everything a trader needs (journaling, psychology, market structure, etc., etc,.). Best part is that it is completely free. I would recommended his book as well, it goes very well with the course. The book of course you would have to pay for. And with you trading for a few years, it could potentially fill in some of the holes you may be having with your system/process/plan. Anyways, hopes this can help.

I will second this one. Adam does do some soft selling for this other services but that's a small price to pay for free. I've been through several courses and forums that I have paid for but Adam's course is the best by far.

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #87 (permalink)
Ty199
Joplin, Mo. Jasper
 
 
Posts: 45 since Sep 2019
Thanks: 16 given, 47 received


DavidHP View Post
Maybe you should read the whole thread above you?


It takes me to the Elite Membership where I cant view anything. I know this place is very valuable and love the support as I have been is some forums that just dont have no respect for others and you say something and 50 attack you on bad you are LOL. Respect here is great! But what all does Elite get ? Training material, some strategies that are not out there on the internet. Special section for dummies like me LOL. Thanks

Reply With Quote
The following user says Thank You to Ty199 for this post:
 
(login for full post details)
  #88 (permalink)
 spideysteve 
Fort McMurray, AB Canada
 
Experience: Beginner
Platform: NT, MT4, Jigsaw
Broker: Continuum
Trading: ZN, ES
 
spideysteve's Avatar
 
Posts: 153 since Mar 2015
Thanks: 360 given, 169 received


Ty199 View Post
It takes me to the Elite Membership where I cant view anything. I know this place is very valuable and love the support as I have been is some forums that just dont have no respect for others and you say something and 50 attack you on bad you are LOL. Respect here is great! But what all does Elite get ? Training material, some strategies that are not out there on the internet. Special section for dummies like me LOL. Thanks

The elite membership is one of the best $100 I’ve ever spent when it comes to trading.

Follow me on Twitter Reply With Quote
The following 2 users say Thank You to spideysteve for this post:
 
(login for full post details)
  #89 (permalink)
 DavidHP 
Legendary Market Wizard
New Orleans, La (Mardi Gras City)
 
Experience: Advanced
Platform: NinjaTrader
Broker: Ninjatrader / Optimus Futures / AmpFutures
Trading: ES / 6E / 6B / CL
 
DavidHP's Avatar
 
Posts: 1,376 since Aug 2009
Thanks: 10,028 given, 2,410 received


Ty199 View Post
It takes me to the Elite Membership where I cant view anything. I know this place is very valuable and love the support as I have been is some forums that just dont have no respect for others and you say something and 50 attack you on bad you are LOL. Respect here is great! But what all does Elite get ? Training material, some strategies that are not out there on the internet. Special section for dummies like me LOL. Thanks

I'm sorry if I offended you that was not my intent.

The link in my post to you should not be in the elite section.
It is the post above your's in this thread.
It is post numbers #61 - 63 on this thread by minip & tigertrader.

It also has a link to an indicator which may be in the elite section.
(It is a link to Delta Bars chart type)

The indicator in the link has this description:

Quoting 
This is a custom bar type which is based on the Bid Ask Delta (Ask Volume - Bid Volume).
A new bar is created when the Delta is greater than a given Threshold-Value defined in the Data Series Properties.

My original post you questioned does link to the Elite Section and is one of the most active threads on Futures.io.
Access to the information in that thread is worth the cost of Elite Membership if you trade ES
(FWIW)

Rejoice in the Thunderstorms of Life . . .
Knowing it's not about Clouds or Wind. . .
But Learning to Dance in the Rain ! ! !
Follow me on Twitter Reply With Quote
The following 2 users say Thank You to DavidHP for this post:
 
(login for full post details)
  #90 (permalink)
 spideysteve 
Fort McMurray, AB Canada
 
Experience: Beginner
Platform: NT, MT4, Jigsaw
Broker: Continuum
Trading: ZN, ES
 
spideysteve's Avatar
 
Posts: 153 since Mar 2015
Thanks: 360 given, 169 received


DavidHP View Post
My original post you questioned does link to the Elite Section and is one of the most active threads on Futures.io.
Access to the information in that thread is worth the cost of Elite Membership if you trade ES
(FWIW)

Absolutely this!

Follow me on Twitter Reply With Quote
The following 2 users say Thank You to spideysteve for this post:
 
(login for full post details)
  #91 (permalink)
Ty199
Joplin, Mo. Jasper
 
 
Posts: 45 since Sep 2019
Thanks: 16 given, 47 received


nikotron1124 View Post
Although I am not using any indicators now, I would give you a nice setup to help you get some confidence in "Pulling The Trigger" to place a trade. Just setup the following two indicators on the platform you are using for trading.

1. Use either the MACD, or the PPO depending which one your platform has. If both, then select the PPO (Percent Price Oscillator). The settings for either one are 8, 13, and 9 (for the moving average). If there is a choice, I would select the Exponential, or the Front Weighted type of average.

2. Use the ADX with +DI/-DI and set the period to 10. Use Green color for the +DI and Red color for the -DI and use maybe Blue for the ADX, it really does not matter as long as it is different from +DI/-DI.


Now if you can, place the PPO, or MACD on top of the ADX +DI/-DI and watch for the following to occur. At some point, the PPO moving average will get close to the ADX line. Like the PPO average declining and starting to turn up, while the ADX line rising and starting to turn down. In other words, those two are getting close to each other and then starting to pull apart. Once this happens, watch for a cross of the DI lines and if the +DI (green) line crosses over the -DI (red) line, then this is your signal to go Long what ever you trade. The opposite holds true for going Short. BUT, the signal starts with the ADX and PPO average getting close first and then pulling apart. That's where the trade setup starts.

If for some reason your trading platform does not allow you to place those two indicators in this fashion, then if those two lines mentioned above, instead of coming together they will be pulling apart before they start coming together. I know Ninja Trader lets you place them any way you want, but some platforms (Like Interactive Brokers) place them in alphabetic order with the ADX on top of PPO (or MACD).

This setup can be used on ANY time frame, ANY! So, try it and wish you the very best and remember nothing is 100% in trading, BUT this setup is as close to being a Holy Grail as anything I have seen in my multi year trading career. GOOD LUCK and GOOD PROFITS!




Here is the set up, I think I got it right. I didnt see PPO on TOS so MacD is what I used. There is alot of lines there and colored as you stated. Can you point out what to look for. Thanks

Reply With Quote
 
(login for full post details)
  #92 (permalink)
Ty199
Joplin, Mo. Jasper
 
 
Posts: 45 since Sep 2019
Thanks: 16 given, 47 received


DavidHP View Post
I'm sorry if I offended you that was not my intent.

The link in my post to you should not be in the elite section.
It is the post above your's in this thread.
It is post numbers #61 - 63 on this thread by minip & tigertrader.

It also has a link to an indicator which may be in the elite section.
(It is a link to Delta Bars chart type)

The indicator in the link has this description:


My original post you questioned does link to the Elite Section and is one of the most active threads on Futures.io.
Access to the information in that thread is worth the cost of Elite Membership if you trade ES
(FWIW)

@DavidHP you did not offend me by no means, I was just stating how much help is offered on here instead of disrespect like a few other forums. I will look at the post by numbers , that will help me easier. I need to get an Elite Account anyways. Nothing is free I have lost more 10x the price in 1 trade of the cost of the upgrade to Elite. I realy do appreciate everyone that helped , posted and gave advise on my thread here !

Reply With Quote
The following 5 users say Thank You to Ty199 for this post:
 
(login for full post details)
  #93 (permalink)
 rdelrisc 
Miami, FL/USA
 
Experience: Beginner
Platform: TradeStation
Trading: Currency
 
Posts: 9 since Apr 2016
Thanks: 0 given, 12 received

Ty, my advice is first find out what KIND of trader are you.
Do you counter trend, or trend trade? Do you scalp or want to squeeze a little more of the day's range? Each has its pro and cons. Also, and I also say this from personal experience, you need to be trading R/R of at least 1:1 regardless of type of trader you are. The reason for this is simple, as long as your style/strategy is a good one or with a 60/40 winning/losing ratio, you will be ok. The moment your reward is less than full risk, when you get hit with a couple of losers in a row, you start revenge trading which makes it even worse.
Last, but not least, SCREEN TIME with your strategy.
If you want we can hook up on skype and I'll share my screen with you. I trade CL, ES and NQ.
Stick to it, it takes time, patience and discipline (that is the HOLY GRAIL, discipline). I'm still working on it myself
Rick

Reply With Quote
The following 2 users say Thank You to rdelrisc for this post:
 
(login for full post details)
  #94 (permalink)
 KodaFT 
Los Angeles CA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Futures
 
Posts: 3 since Oct 2017
Thanks: 1 given, 1 received

Keep practicing and test out different methods until you find what your comfortable with. A lot of great advice, everyone covered everything. Practice makes perfect. If you're doing something that is not working out, change it. The definition of insanity is doing the same thing over expecting different results.

Reply With Quote
 
(login for full post details)
  #95 (permalink)
 RDCoach 
Las Vegas, NV
 
Experience: Master
Platform: Trade Station n Sierra
Broker: Tradestation and AMPFutures
Trading: Emini Futures, Futures
 
Posts: 4 since Apr 2018
Thanks: 3 given, 1 received

Ty199, YOU have great determination, a MUST in trading as it ALWAYS is changing. All the replies are very good and I will throw in 2 cents. Found some basic foundation skills are needed with any "set-up" and to feel confident to "read" the market action, in the moment. Building the ability to read whats happening increases the certainty to react as best you can. While indicators work they are after the fact and late. Additionally guessing or surmising what the market will do without something solid doesn't work either, because you can get trapped in a mindset or direction, that's false. I traded my 1st 3 years with a Level 3 screen and Time & Sales. The best additions were truly understanding everything about Support and Resistance levels and that expands into Key zones based on time-frames. As well reading candles, bar by bar can bring you into the moment and help determine the strength or weakness coming into the price action, to make a better decision. Of course these are basics and have found so many traders can't read the market and only rely on indicators from a strategy. Also the dynamics of reading will change given the time frame ie. tick chart, 1 min, 3 min, 5 min. The smaller the time frame the greater the emotion. If I go into emotion at all, the trade is compromised. Emotions screw up and results in all sorts of incorrect actions. So reading and responding without emotions is the key, most strategists don't cover. Are you missing the basics? Only you can determine, and a good place to focus. Wishing you the best in your journey.

Reply With Quote
The following user says Thank You to RDCoach for this post:
 
(login for full post details)
  #96 (permalink)
 Aurac 
London+United Kingdom
 
Experience: Advanced
Platform: eSignal
Broker: InteractiveBrokers
Trading: If it moves...
 
Aurac's Avatar
 
Posts: 34 since Jan 2013
Thanks: 28 given, 61 received

We trade to win and most traders define a ‘win’ as a trade that makes money. But in my experience most aspiring traders over-focus on the money, which, paradoxically, causes unnecessary losses. I call this vicious circle the Money Trap.

Let me explain.

In trading and in life, money is a ‘hot topic’. A study of 4,500 couples revealed that arguments over money are by far the top predictor of divorce. Why? In marriages, arguments about money trigger core security and self-worth issues. As so it is in trading.

In trading, two things happen to those who over-focus on money.

First, you will trigger your biological imperative to avoid taking the loss, because your security is at stake. That’s when then things get slippery and you will be tempted to trade-not-to-lose. This means you will not manage your trade according to any rational rules.

Second, when we are overly preoccupied with money (security), our field of attention narrows down (tunnel vision), so that we are very likely to miss the obvious. We will micro-focus and micro-manage our trades. This loss of perspective will get us shaken out of good trades and our self-esteem will plummet.

Trading well requires that we condition ourselves to do the opposite of what human nature urges us to do. It’s not easy, but changing just this one thing about your trading could make it possible for you to stay in winning trades longer.

Rx: To avoid the Money Trap, consider putting some tape or a piece of paper over your P&L and trade without reference to it until the end of the day. Along with that tactic, shift your attention from ‘the money’ to your Method and define a ‘win’ as a trade in which you carefully followed your rules, regardless of the monetary result. By doing this, your security and self-worth are not at stake with each and every trade. Then you can trade-to-win and not sabotage yourself.

Reply With Quote
The following 7 users say Thank You to Aurac for this post:
 
(login for full post details)
  #97 (permalink)
 casey44 
Flagstaff AZ/USA
 
Experience: Beginner
Platform: NT8
Trading: micros
 
casey44's Avatar
 
Posts: 199 since Jan 2010
Thanks: 3,133 given, 249 received

@Ty199, fwiw, I heard another former policeman's story a few months ago.... maybe hearing his process might have some meaning for you.... I expect as a former player you know those who struggle in the minors for what can seem like an eternity, making them question it all, then something comes together and clicks... And maybe it's only some subtle change that's useful to them alone.
The focus here is on his steps of keeping on keeping on, not the particulars of any methodology which may or may not be helpful to anyone else.
Apparently it's in the public domain, search on google: “ steve leigh the road to profit youtube “

Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to casey44 for this post:
 
(login for full post details)
  #98 (permalink)
 nikotron1124 
Anahein+California
 
Experience: Intermediate
Platform: Ninja Trader
Trading: Gold
 
Posts: 21 since Oct 2012
Thanks: 117 given, 29 received


Ty199 View Post


Here is the set up, I think I got it right. I didnt see PPO on TOS so MacD is what I used. There is alot of lines there and colored as you stated. Can you point out what to look for. Thanks

It looks like you have the ADX on top of MACD. So, instead of these lines converging when /CL forms a bottom, they are opposite of each other. It really does not make a lot of difference, but if you can have the MACD on top of the ADX it would be much easier to see the lines converging first at almost the exact bottom of /CL and then start getting away from each other. Let me try to attach a chart from another platform that makes it easier to see the setup.


ADX_PPO_HomeDepot


ADX_PPO_051020


I attached two charts with the setup. One is for Home Depot (HD) and the other is for Caterpillar (CAT). On these charts, the PPO, or in your case MACD, is on top and the yellow line is the 9-period average. On the bottom chart is the ADX with +DI/-DI and the blue line is the ADX line. As you can see, I hope, as the bottom is forming on these daily charts, the yellow line comes close to the ADX blue line. This is the warning of a setup getting ready to trigger LONG. The trigger is when the +DI green line CROSSES over the -DI red line. When this happens you go LONG the very next day, or sometimes towards the close of the same day if you see these two lines are about to cross. It is a little bit aggressive, but with a tight stop you can enter the trade. I will try to use TOS to see if I can setup the chart my way. I thought that TOS had the PPO indicator, well I will check it out. There a few tips as to how to use these two indicators together for entering a trade, but let's go one step at a time so you don't get confused. Get this setup working now and later we can discuss the refinements of using these two indicators. Let me know if you need some more clarification of the setup. Good luck and Good money. In my opinion it is better to use this setup from hourly charts and up. Don't use on less than 30 minute charts. For a good profit always go to higher time frames.

Reply With Quote
The following user says Thank You to nikotron1124 for this post:
 
(login for full post details)
  #99 (permalink)
 sbogatin 
oldsmar
 
Experience: Advanced
Platform: multicharts
Trading: currenies
 
Posts: 5 since Jan 2016
Thanks: 0 given, 26 received

This is to Ty199. I have subscribed to Mike's site for number of years, but I almost never respond to posts. I received an email that I must respond in some way to not get canceled from futures.I/O. So I clicked onto the site where I saw your question. I almost did not respond to your dilemma which I would define as a losing trader for nearly 4 years, and that you're asking for help because you do not know where to turn. The issues that led to your failure are legion, and most of the causes will seem almost impossible to understand if indeed you have been trading for four years and have lost money. It is impossible to give you a solution on one simple post without knowing more about you. It is not just an issue of being underfunded, or having the wrong system, or having no practical understanding about how markets work, there are some issues about you, and perhaps a lack of understanding about how you process information and are unable to apply this insight to a profitable outcome.

I have been around the markets since I was 31, and in just over two weeks I will be 70. I have never read markets better in my life than I read markets now. I am a highly educated man, and I am successful and I don't need to make another dime in my life. Yet, nothing has been more challenging than learning what I needed to know to trade markets. In my not so humble opinion there are very few traders who can read a market better than I do, and it didn't come cheaply, it took me nearly 40 years, and I am still learning.

I am going to give some advice, and I don't know how to give you a complete answer because one fact needs to be determined, and I can't do that for you. you may not ever be a good trader because you don't have the personal insight, the tenacity, and a proper approach to developing your skills. You may not have the conviction to seek out and change the reasons for your failures thus far. You may not have the capital. This is not meant to be harsh. There is reality. When I practice medicine, one of the many things I've done in my life, I never told a patient dying of a terminal illness that everything was going to be all right and that they would get better. There are realities to success and failure. The good thing is you're not mentioning that you have a terminal illness and that means you have a chance. Extending my analogy, I can't tell you what your solution is because I don't know your problem, and from a trading point of view it's impossible to know what you need. From a probability point of view, you need much more than a trading system. There is something about you by the nature of your story that indicates this. So that we are perfectly clear, there is nothing unique to you as I have had my issues, and I chose to work this out over a period of almost 40 years.

I don't wish to violate any of the rules of this site. If there's something that I've said, or there's something inappropriate about the solution I will offer, I would expect Mike to delete my post. The fact is while I know how to read markets and I understand the dynamics of markets far better than most people as best I can tell, I don't even know if I'm posting on the correct link here, one of the issues with old age. I have no website, I have no commercial venture in trading other than trading my own account, I have no interest in the mentoring business, and to be honest, if you did, you couldn't afford me. Last year, a couple of old friends it turns out... have been trading for nearly 30 years, but they weren't making money in markets. I decided in a gesture of friendship to send them videos in a public forum, and this turned into about 300 videos ( to my shock) and about 900 followers which is even more shocking. I do not make a penny from this... as I did it to help two of my friends who are about my age.

I have to be very careful what I say here, because most people who offer advice, including some of the advice you are being offered is not what's going to work for you, but this form doesn't allow for me to address those issues.

Since I like to play by the rules, if Mike cares to hear where I post, but Mike will be familiar with that site, I would be happy to give him that information and he can decide if it's appropriate to post that information on this site, or to you directly. I don't know what 900 people are doing in their own trading, but I know one of my students who is well-funded and has had marginal success until recently, is doing phenomenally... actually in markets that I do not trade as my interest is in futures markets. It is about how to think, seeking objectivity...in addition to understanding markets and their traps.

Reply With Quote
The following 13 users say Thank You to sbogatin for this post:
 
(login for full post details)
  #100 (permalink)
 spideysteve 
Fort McMurray, AB Canada
 
Experience: Beginner
Platform: NT, MT4, Jigsaw
Broker: Continuum
Trading: ZN, ES
 
spideysteve's Avatar
 
Posts: 153 since Mar 2015
Thanks: 360 given, 169 received

@sbogatin

Thank you for that. Words of wisdom for sure. Always amazes me when I hear things like this

Follow me on Twitter Reply With Quote


futures io Trading Community Trading Reviews and Vendors > Need a true Teacher Mentor


Last Updated on June 8, 2020


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
 

Journal Challenge w/$1,800 in prizes!

April
     



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts