ektrader

No problem man. Some folks just never learn the right way. Some just dont have the emotional control and discipline. Good luck with your future endeavors. Ektrader

Natedredd wrote: I'm not sure what you're trying to say by this. All I can tell you as that I trade for supplemental income and I've been doing a pretty damn good job of it. Trading as a full time occupation is more of a future/ retirement type goal for me. That being said, I happen to know institutional traders and retail day traders.Some of the retail guys are making more take home money than the institutional guys... Natedred wrote: I'm not sure why you chose my quote for your little rant but since you did I guess I'll comment with the truth and maybe you'll get it and maybe you won't. Discipline is very important because that's what keeps you on track to stick to a "quality" trading plan. I know a few swing traders personally that only win about 30 to 40% of their trades and still make plenty of money. Why? Because unlike most sheep, they understand that if they keep the losses small, the next big winner is right around the corner and that is where the money is made. They look at everything else, even the small profits as a cost of doing business. Instead of managing your money and trading better, undisciplined traders always say their plan sucks. Now besides that, I never said anything about having a shi**y plan and still being a winner. Of course if someone could guarantee 1 YM point on average for 10000 trades, this forum may not even exist. The truth is, there are a lot of ways to trade the markets that give you a considerable edge. (I do it everyday on a consistent basis you can check me out buddy, I'm the real stuff!!). The problem is, the lack of discipline to follow such plan on a consistent enough basis to allow the probabilities to work in ones favor. And, to know when the market conditions aren't suitable for said strategy. Undisciplined people will turn a good strategy bad because they run for the next holy grail the moment they have a few losing trades. Undisciplined people revenge trade. Undisciplined people manage their money poorly. Undisciplined people don't take the time to see if market conditions are right for their particular type of trade. Undisciplined people allow greed to cloud their judgement. Undisciplined traders are like alcoholics they never admit they have a prooblem with discipline.:haha: Good luck with your trading. Ektrader

They are not after your (1) or (2) little contracts. The people who make markets are particularly smart and they understand support and resistance just like you and I, even without the use of an order book. They know where the stops are most likely hanging around at. They will only run stops when they are confident the market is reversing anyway. The key is placing your stops beyond the lowest low or highest high of your entry point. Usually the demand or supply will be too high at these points and the orders will be matched so it would be hard to hit your stop. If it does, it's because the market is most likely reversing anyway so you should be happy you got stopped out. I hope this helps. Happy trading and Good Luck

I understand your rationale. Thing is, the markets, the economy, and volume levels have changed. Whos' to say that the same speculators and operators from 10 years ago still have interest in oil. Could be a whole new set of players. Anyway, not to discourage you. If that's what you want to do. Good luck with your analysis and your trading. Happy Trading Ektrader

Hi dinotrader, I'm curious to know what you are going to do with all that past data and how it's going to help you:roll eyes:. Oil is not something thats' heavily weighted like the S&P or NASDAQ. Maybe I'm wrong and I'll except the fact that it's possible. I just can't think of one reason why 27 years worth of news related data will help you trade todays markets. It's really not that serious. JMO Happy Trading Ektrader

Hi gg, This has helped me become great at video games. Happy Trading Ektrader

"First you'll hate it. Then you'll debate it. But eventually you'll recognize it as truth!" Happy Trading Ektrader

Hi Brownsfan, It's pretty clear that collegetrader nor natedredd10 trade for a living and will probably have a difficult time trying. Good luck guys and Happy Trading Ektrader

Hi Corey2679, I just want to add that you seem to be on a good path. The only thing I want to mention is that on charts 2 and 4 you didn't draw any diagonal trend lines where the trend is obvious, and so is the trend break on the EU. (Is'nt that the main focus of Stikky Stock Charts?) Anyway.... I wish you extended luck with your trading. Ektrader

Hi collegetrader, Athough they allow this thread to be here, offering help seems to be frowned upon. But I will offer some advice that I hope is helpful. I understand your rationale for wanting to trade futures instead of forex. At times, forex can be more volatile but you have to use volatility to your advantage. Larger time frames and smaller position sizes. I'm a futures guy myself, but trading futures as a newbe could be damaging to your account. In most cases, money management is an issue with underfunded accounts and makes it difficult for you to learn without losing a lot of money in the process. I don't know how much money you plan on trading when you get started but you will likely lose less in the beginning by learning and trading forex and moving on to futures when you know how to trade well. Just my opinion. Good luck with whatever you decide. Happy Trading Ektrader

Looks good to me. I prefer to see them on 15 or 30min. chart, but that's just me. Good stuff. you seem to be on the right path. good luck with your trading. Ektrader

Ohh my! I guess Ill stay outta this one..... Happy Trading Ektrader

Man, why is everyone down on you? Is it because you're new? :confused:Oh well, anyway.. Hmmm. I don't know anything about this Nial Fuller guy. But I understand the setup. "fakey". I've heard several names for this chart pattern and here's sanew one to add to the list. I've heard it called pin needle, shooting star, no show, and now fakey. I think people will learn more by letting them know why the pattern happen, what it represents, and a description of how you trade them. Happy Trading Ektrader

Hello there VSAtrader, do you do all your trades like this on a 3 min. Chart? Ektrader

No offense taken Tams. I know how it is when "the new guy" comes around and starts talking like he knows somthing. I'm a member of another community where I'm one of the more respected guys. I'm not here to cause any waves. I found a few threads that interested me so I joined up. My youtube videos do not have anything that sounds remotely like a sales pitch. They are just stuff that I do and if someone learns from them. GREAT!! I know what I said sounded like I'm hunting for clients but that was not my goal here. I just said what I truly believe. I've been trading just shy of 2 years and consistently profitable for 1. My learning curve jumped way ahead by having someone teach me the right things to do. I know people that have been trading 20 have been trading 6 to 10 years and still struggle. Anyway............. Happy Trading Ektrader