ckait

2 cents worth, sim trading is not the same as real trading. it is a good tool to help you learn a platform, but cant help with the real emotion of loosing your hard earned $. You must become comfortable placing the trade even if this means you loose over and over again. Eventually the fear will subside if you have a reasonable reason for making a trade and an effective way to manage the trade once you are in it.

ive been with amp for 9 monts now after sacking trade sation they have been great. fast response over the phone too if you have a computer issue and need help. And $400 margin on the minis, good times, $1000 margins on currency futures even better same for ags.

Do you have market profile or volume profile? Usually areas of high volume or long amounts of time spent in a area will offer support or resistance when visiting them again for the first time. Very often the major reversal points for the day happen at these areas.

trade futures the margin is less and the account size does not need to be so high and the gains are significantly higher , I like the SP , wheat, corn , t-notes all can be traded with an account around 5k if you wanted too.

You may want to think about loosing some of the charts, a medium term chart such as the 233 tick should be sufficiant to day trade off. Too many charts will only cloud things up in my opinion. In your second chart there is an area where price rotated for an extended period or balanced. When coming out of balance go with the direction of the move out of balance.This can be done with all liquid markets and on all time frames just figure out which one suites you best. One more thing you dont need MA's or indicators to do it .

The Longer You Survive In This Game The More You Will Come To The Realization That The Indicator Search Is A Futile One . The Day I Removed All The Occilating, % Rate ,bla Bla Bla , Was The Day When The True Nature Of The Market Became Apparent. Different Instruments Have Different Temperments And Will React To Information Different From One Another. Screen Time Is The Best Teacher You'll Get, And Most Have No Idea What They Are Supposed To Be Looking For In The First Place. Mp And Vsa Are Both Places One Can Start To Gain Greater Understanding Of Market Structure And The Relationship Of Auction Theory And Volume( Imo ) The Key To The Market.tape Reading At Key Levels With Time And Sales Has Been Replaced With Delta Footprint For A More Informed If Not Over Informed View Of Order Flow. One Can Gain All Information Needed To Be Sucesfull In The Market From These Few Items . The Rest Is Up To You You You. No Indicator, System, Or Other Trading Method Can Ever Replace The Time It Takes To Learn How The Intrument You Want To Trade Works. After That Ther Is The Problem Of How Much Size To Take On And Stops , And How To Manage Trades,wich Is Just As Important If Not More Than Your Entry. In No Other Buisness Can You Have A Plan , Execute It To Perfection Only To Have Your Account Drained Before Your Very Eyes. Thats Where The Time Comes In . So If Your Goal Ie To Create A System You Better At Least Take The Time To Learn The Markets The System Is To Trade , And If Thats The Case Why Not Just Trade Discressionary Because As Far As I Know Most Of The Money In This Game Is Still Made By People Not Systems Or Machines, But I Could Be Wrong.

are you a plumber?

I didnt say take trades there blindly, ordeflow at these areas would dictate if a trade was to be taken.

heres a thought , if the market opens below value and starts to trade twards VAL take a short trade there if sellers step in , if not take a short at the poc or at any point between if sellers show up. this works out best if it happens within the initial bal

by price and time I mean the acceptance or rejection of price over time. is price trading for a significant amount of time at a level or is it being quickly rejected out of a level. candles are only a reflction of the time price relationship as are bar charts and point and figure charts as well.

how about price time and volume through in some tpo's and your good to go

mind over markets is a must read in my opinion without at least a rudimentary understanding of the auction process one is doomed to failure.

dont get too caught up in what period your in if higher prices are not attracting new buyers the auction is likely nearing it end for the time.

pretty funny when i started reading your thread I thought youd hit your first 10 k trade lol.

Try splitting your profile into two preiod (1 hour sections), if your profile chart has volume distribution you will see several bal and imbal levels too play off. I find its a great way to use MP hope it helps.

I use market delta from Fin Alg couldnt imagine trading without it.

great thread, YM today after breaking down from yesterday's poc we tested the previous merge upper edge at 13370 and price was quickly rejected great place to buy . Ill post a chart if I can figurue out how.

Remember back when you first started trading? Or at least if your trading the minies, buying tops and selling bottoms using the wonder of indicators out there and wondering why every time things lined up your way and you took a trade you lost money.There is no answer to to the question of rondom vs chaotic, in my opinion the word is logical.The market will trade higher until no more buyers are willing to buy ,then sellers will sell until there is no one left to sell.Over and over the cycle goes . If your not using some way of reading order flow and volume ( market generated info not indicators) you will be forever in the dark and at the mercy of those who have taken the time to learn how to determine these things. After all the name of this game is for my account to get larger at the expense of your account.Screen time with real info will do you more good than any course or indicator,save your money for trading when you're ready. Happy holidays to all and good luck.

can you please explain what that indicator is for? It looks just like normal volume with a line over it.

go buy the one from fin alg it uses trade staion feed thru ninja trader [free] and it is great.

Its been a month now did you get market delta ? is it helping ?

We just came out of a multi day balance area ,weakest dollar ever and record oil and the 4.3 trillion owed to china probably helped to.Good thing plung protection doesnt want you to know how scary things really are.

I dont know if this is the right place to ask but does anybody have a volume histogram that prints on the Y axis intra day for trade station they would be willing to share?

Yeh the comment was for you, no disrespect to browns fan he's top notch, and your right about option timing, thats exactly why I perfer to trade futures it a little more forgiving in my opinion.

I used to swing etf's options before I switched to futures. Now this was just my experience, I would get into a position it would make a small correction then move in my intended direction yet do to bad fills and other factors the premium would rarely mak it back to my initial investment where as the futures prices at the same move would have made solid pfofits. Just a thought before you switch instruments, besides over the last year your insight has become respected by myself and many others. Good luck and am looking forward to the swing Thread.