Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

evroom1

Trading Without a Chart

Recommended Posts

if i could have figured out how to close this thread, I would have done so before medication was needed. lol

 

After all was said and done I actually found two people who understood the question and provided a clear answer without other questions or directions.

Share this post


Link to post
Share on other sites
My question is " Is this even Possible ?"

 

Yep that was the question, which was answered 5 posts later. Not sure why its dragged on to 6 pages when you had your answer so fast. Ease up on the meds lol ;):roll eyes:

Share this post


Link to post
Share on other sites

I currently trade with no charts. Our group focuses on CL Calendar spreads looking to scalp a few cents many many times during the day on 15-30 lots each time and maybe catch a 7-20 tick directional move. CL calendar spreads are great to trade as its really about price action.

Share this post


Link to post
Share on other sites

newportbeachdude I truly thank you for a normal answer. I was begining to think the question was too difficult to get straight forward answer. Your was the most interesting I recieved. I commend your group. I heard about the spreaders who work at contract rollovers but I never thought to apply it on a regular basis. Well done.

Share this post


Link to post
Share on other sites

@newportbeechdude Do you have double the trouble with slippage on spreads? Slippage, spread (bid/ask) and fees are the curse of scalpers. I guess you must use market orders to ensure both legs are filled? I suppose you can set your order entry software with limit on the first leg and trigger a market order on the other.

 

@evroom1 are you still following the original guy?

Share this post


Link to post
Share on other sites

Blow at the risk of having my head chopped off in this forum. I am till following that guy. No strings no charge, only examples by which he expects you to learn yourself. He is the best I have ever seen. No body on this site comes remotely close. I should have framed my question " How do you trade JUST USING the dom" And maybe this would have gone alot better.

Share this post


Link to post
Share on other sites

evroom1 - for someone who knows very little, you have one hell of an attitude towards people who are trying to help you.

 

If you get so upset with people because they can't answer your unclear questions, I'd hate to see the temper you get in to when you actually start trading. If I were you, I'd buy about 10 monitors, 20 mice, and a few chairs for your office because you'll probably get through them quite quickly.

 

Here's a tip for your trading plan: don't keep any crockery near your computer!

 

:)

 

Now for some more advise: stop trying to get short cuts. The type of trading you are trying to get a grip on is scalping. To do this you MUST be in a professional environment as you NEED low costs, ie not a retail broker. It's very intuitive, so not something you can read in a book or watch a video on. You may get a few pointers, but knowing you, you will p!ss anyone off who does try and help. Screen time and effort will be your (only) friends.

 

Good luck - you'll need it!

Share this post


Link to post
Share on other sites
.... I am till following that guy. .... .... He is the best I have ever seen. No body on this site comes remotely close. .....

 

Ignoring the spelling - this is the funniest contribution to the thread yet. :helloooo:

Share this post


Link to post
Share on other sites

I knew this reply would bring out the people with chips on their shoulders. The cry babies, the trading misfits who bully without contributing a single thing to the discussion.

 

And Sir Kiwi my guess is you cannot trade. Traders that can trade don't get upset at comments like mine. LOL

 

Please help me and direct me to the place where I can end this thread.

 

LOL LOL LOL

Share this post


Link to post
Share on other sites
.... I am till following that guy. .... .... He is the best I have ever seen. No body on this site comes remotely close. .....

 

Ignoring the spelling - this is the funniest contribution to the thread yet. :helloooo:

 

 

Amused maybe, upset, nahh. Perhaps you were looking in a mirror for that entire post? That's a lot of LOLs from a poor bullied unhappy guy.

Share this post


Link to post
Share on other sites
I knew this reply would bring out the people with chips on their shoulders. The cry babies, the trading misfits who bully without contributing a single thing to the discussion.

 

And Sir Kiwi my guess is you cannot trade. Traders that can trade don't get upset at comments like mine. LOL

 

Please help me and direct me to the place where I can end this thread.

 

LOL LOL LOL

I think an analogous question to your original question would be something akin to asking if someone could drive with one eye.

 

The answer to that question is yes.

 

If, instead, you ask the question: can someone drive better with one eye? Then, the answer is no.

 

Are there some guys who can drive better with one eye than others can with 2? yes.

 

Odds are the best drivers drive with 2 eyes.

 

Your buddy who only trades with the DOM is probably only telling you half the story. The good half. But, I am sure he makes millions and millions.

Share this post


Link to post
Share on other sites

Hi EMG thanks for responding. I get trading with charts and even word of mouth. But how do you trade just using the DOM and nothing else?

 

MightyMouse gave what may turn out to be the most correct answer.

However if you ever get a chance to sit with or watch a trader who just uses numbers do so. It will make you a better trader.

 

Aside from the naysayers misfits and traders with blinders on, The search has been very rewarding.

Share this post


Link to post
Share on other sites

Why dont you ask you're buddy who you allows you to sit with? After all, as you say, he's far better than anyone on this thread.

 

Besides, I've already told you what to do and how it is done. You seem to be wanting an instruction manual. If that were possible, trading would be easy, and any dumb-ass would be able to make a mint - including you.

Share this post


Link to post
Share on other sites

I was trying to remember what advise the Dud sry I meant Dude gave me. So I looked. I found that I purposely ingored it as not being useful. The Dude appears to be a want a be trader that only gives comments that make himself feel better. I await his next assinine comments to see much further this thread can sink into the pit.

Share this post


Link to post
Share on other sites

There is no slippage on the bid/ask spread as there is a CL calendar spread market. One click of the button and you have the spread on at the price you wanted to buy or sell. Trading without a chart can be a blessing and a curse. Calendar spread trading does not rely much on chart trading but rather what the spot month is doing and where the real orders are in the spread market (at least when you are only trying to scalp a few cents here and there). My typical trading day is about 800-1300 lots round-turn which obviously ends up being a lot of commish. The goal is to risk 2 cents at the most in order to make 1-4 ticks many times throughout the day.

Share this post


Link to post
Share on other sites

Just to make sure I understand correctly the spread is an instrument that trades on an exchange in it's own right. It's not a market I am familiar with I should check out it's characteristics, does it trade on Nymex? Whats the symbol?

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • In Italy, I saw many of our brothers from different parts of Africa, sleeping and living in the park, the weather was very cold and its obvious that they were looked down upon. It made me want to cry and several questions overwhelmed my heart.   Is it not better to remain in Africa than to be homeless in this freezing cold weather?   I wish I have all the money in the world to rescue them...   Is this the reason why our skin color is looked down upon?   Do our government officials see this sight when they also travel outside of the country...does it hurt them or pain them like it pained me? By Frank Abah, Quora   Profits from free accurate cryptos signals: https://www.predictmag.com/   
    • ELV Elevance Health stock, watch for an upside gap breakout at https://stockconsultant.com/?ELV
    • ORLY OReilly Automotive stock, nice top of range breakout, from Stocks to Watch at https://stockconsultant.com/?ORLY
    • Date: 28th March 2025.   Market Selloff Deepens as Tariff Concerns Weigh on Investors     Global stock markets extended their losing streak for a third day as concerns over looming US tariffs and an escalating trade war dampened investor sentiment. The flight to safety saw gold prices surge to a record high, underscoring growing risk aversion. Stock Selloff Intensifies The MSCI World Index recorded its longest losing streak in a month, while Asian equities saw their sharpest decline since late February. US and European stock futures also signalled potential weakness, while cryptocurrency markets retreated and bond yields edged lower. Investors are scaling back their exposure ahead of President Donald Trump’s expected announcement of ‘reciprocal tariffs’ on April 2. His latest move to impose a 25% levy on all foreign-made automobiles has sparked fresh concerns over inflation and economic growth, prompting traders to reassess their strategies. Investor Strategies Shift Market experts are adjusting their portfolios in anticipation of heightened volatility. ‘It’s impossible to predict Trump’s next move,’ said Xin-Yao Ng of Aberdeen Investments. ‘Our focus is on companies that are less vulnerable to tariff policies while taking advantage of market dips to find value opportunities.’ Yield Curve Signals Economic Concerns In the bond market, the spread between 30-year and 5-year US Treasury yields widened to its highest level since early 2022. Investors are bracing for potential Federal Reserve rate cuts if economic growth slows further. Long-term Treasury yields hit a one-month peak as inflation risks tied to tariffs spurred demand for higher-yielding assets. Boston Fed President Susan Collins noted that while tariffs may contribute to short-term price increases, their long-term effects remain uncertain. Gold Hits Record High as Safe-Haven Demand Rises Amid market turbulence, gold prices soared 0.7% on Friday, reaching an all-time high of $3,077.60 per ounce. Major banks have raised their price targets for the precious metal, with Goldman Sachs now forecasting gold to hit $3,300 per ounce by year-end. Looking Ahead As investors digest economic data showing US growth acceleration in Q4, attention will turn to Friday’s release of the personal consumption expenditures (PCE) price index—the Federal Reserve’s preferred inflation measure. This data will be critical in shaping expectations for future Fed policy moves. With markets on edge and trade tensions escalating, investors will closely monitor upcoming developments, particularly Trump’s tariff announcement next week, which could further dictate market direction.   Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Andria Pichidi HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Crypto hype is everywhere since it also making new riches as well, i however trade crypto little as compared to other forex trading pairs.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.