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Jleon

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Everything posted by Jleon

  1. Here is a video of me taking a short. I enter once I spotted the weakness in the market and managed the trade using L/H and L/L. TradeWithVolume's Channel - YouTube Hope this helps!!
  2. Jleon

    FOMC Today

    Trading on Fed and other major market news are great times to trade but only if the DOM tells you so, if not you can get cut pretty bad. Have a good one!!
  3. If you want to learn more about market manipulation you should open a TT Xtrader DOM and stare at it for 5-6 months 6.5 hours a day. At the end of 6 months you should know exactly what MM is. If your not willing to put in that kind of time you will most likely never understand it. Have a good one...
  4. H/H and L/L are great tools but need to used only when it is time to manage a trade. They have very little to do with the identification of a trade entry. It would be easier and probably more effective to throw a dart at a chart for entry rather than price bars. The best way to identify an entry is by staring at the order flow to gauge what side of the market is going to give and act on it.
  5. These changes are a bummer but at the same time there is technology such as the TT Depth of Market that helps exploit these orders to the trained eye. If staring at a DOM is not for you then hiring programers to exploit these orders would be the best thing for you. Good Luck.....
  6. Sure, I would trade it without a doubt, as long as it showed correct price action around my lines Happy trades!
  7. I think you are looking at all the correct categories so far but you MUST address trading Psychology. I have been a trader for 11 years and this was my biggest hurdle to overcome. This is a very dynamic subject as well since it varies so much from trader to trader but just keep in mind that you will spend most of your time here. When many traders first start trading they have a free spirit and open mind, this in-turn usually puts them into the money until there looseness strangles them and they incur losses. This is the start of the quest to find the grail. During the whole searching process the mind is still badly hurt and fearful of taking on risk/not sure things. Even when a trader finds there edge they still have this bad psychological baggage and it is very tough to push past it. One of the key things to do is to regain your faith by reducing to the smallest size possible until you are in a free state of mind with your trading once again. At this point you have a trading strategy and a relaxed show me the money spirit! If size is not reduced and faith is not restored a crippling state of mind will set in and your process will continue in one large circle. Have a great day and hope this helps.
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