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aversano

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Everything posted by aversano

  1. My experience is different than yours. I developed a trading application that crossed referenced 3 different time frames and executed trades based on certain rules maintaining strict money management. Didn't work for me, if I had to develop it today I would have done it differently. focusing on T&S and market depth. Every trade decision I take is in hopes that others saw the same thing that I saw and will jump on the wagon. You see, its a matter of who pushes one level up or one level down.
  2. I can give you my opinion with respect to trading the EMINI markets but I am almost positive that the same concepts apply to other instruments. price moves up when there is lack of sellers at a level or the sellers at that level were hit. i.e. lets assume that an instrument is trading at 100 and 101, 100 being the bid and 101 the ask. there are 1000 units waiting to be filled at 101 and 900 at 100 101 - 1000 (ask) 900 - 100 (bid) if 600 units are bought at the ask + 400 are pulled (sellers decided not to sell), price will move one level up. if 900 units are sold to the bid and no other bids appear, price will move one level down. each level has its own discovery phase.
  3. Focus on order flaw analysis, T&S etc... screen time is the key. Paper trade as long as you aren't sick of it and then paper trade some more. it is a long journey.
  4. Based on my experience nothing can save you in trading unless you know how to.Meditation will definitely not harm (as long as its not done during RTH)
  5. I do not fully understand how meditation can help you become a better trader? I can relate to it helping a person reach mental goals but with respect to trading? Speculate on a move, understand why the move is happening, decide if you want to stay in and know when to exit. After completing the above, move to the next trade.
  6. Hey. I have been trading the ES for almost 2 years now. Are you thinking of converting to full time trading or just having it as a side kick.

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