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

I apologize spydertrader. You're right, I did misinterpret your words. I thought you meant that one should just jump into the market and start taking their lumps. (thats a common thought amongst a lot of people). I believe a person SHOULD take their time and learn to read charts, money management, etc.... befor jumping in. Happy Trading Ektrader

No sir Mr Tams, The gentleman asked if someone is willing to show him the ropes. And I just asked him if he likes my stuff, I'm willing. I didn't come here to find him. Honestly...... I've found that these trading forums are bad for that anyway. Although most say they come here to learn. The truth is they usually already have there own ideas about the market and how they expect to trade. The others, are just curious and like the atmosphere. Happy Trading Ektrader

The definition of a winner is when you are monetarily satisfied. Most guys e pect too much out of a trade and letting winners ride isn't as easy as it sounds when trading volitile markets like we do. Up 5, up 6, up 7( now you think you have a winner) then up 7.5 all of a sudden the trading gets thin and BAM!! Back down to 6...... Then 6.5 Then BAM again!! Right back to break even or stopped out for a small gain Every day trader experiences this. Happy Trading Ektrader

Sure, you change the time frame, and you will see something else. trading is not a perfect science. It's about groups of people seeing the same thing and what it represents. There was no mistake that demand was present at that line, so the next logical movement is up. It doesn't mean that's what will happen. It just means that it should be the next logical step. I agree that he could have been a little more desciptive but i just assume he went long at the close with no stop:doh:. Anyway..... Happy Trading Ektrader

I disagree. It's kind of like learning how to fight by having your opponent whip your butt. yeah, you could learn this way, but there's much easier ways. Happy Trading Ektrader

Hello Mr electronlocal, Hmmmm, from a retail traders standpoint. How do you read orderflow? You can see the orders? Where can I get This software? Ektrader

Hi there, I invite you to check out my YouTube channel (ektrader211) I have several live trades that show my style. If you like what you see. PM me. We can do it over the Internet if you'd like. (webcasting) Happy Trading Ektrader

I agree with this statement 100%. I do believe a mentor can get you up to speed faster and shorten the learning curve. I had a mentor and I can atest that it was the best money ever spent. JMO. Most folks will pay their tuition to the market one way or the other. Either by paying for professional help. Or by losses in the market. Unfortunately, in most cases the losses in the market are worse. Whatever you decide, I wish you luck with your trading. A true mentor undrestsnds this and is well versed in more than one strategy. The should be able to help the student identify the best possible trading methods for the students temperment, time, and risk tolerence. Happy Trading Ektrader

Hi Guys, I'm new on this site but I just thought I would chime in on this question. You should NEVER allow winners to turn into losers. You just need to learn to determine weakness a little better or pick more moderate price targets. I can tell you quickly why you can let winners ride on your demo account but not on your real account. "Because it's not your money to lose". Whenn you trade your real account anxiety steps in. Causing you to take profits early. It happens to us all. Very rarely does anyone get the perfect exit. You cannot forsee the future. You can only put the best guess in your favor. Happy Trading Ektrader

This opinion isn't popular but I agree with Mr Poindexter. I believe that to become proficient intrading, you have to conduct 100's of trades. Abusing your demo account is the cheapest way to do it. The typical argument is "Well, trading live money is totally different because of the psychological aspect of trading REAL money and watching your account bounce into the negative etc......." My answer to that is, you have to go into the game wth a good understanding of what your doing. THEN, you can start battling the emotional struggles once you start trading live. Know matter what, that's unavoidabe. I'm not a big believer in trading microscopic, and molecular lots and all that stuff. Why bother? That's just like trading demo anyway. There's know reason to risk 1 red penny of your own money until you have a sound understanding of your platform an a reasonable undrstanding of a trading strategy to attack the market. Then start small and begin to trade live. JMO. Happy Trading Ektrader