Save yourself some money and demo trade. It is useless, but not when you first start. If you can't make money in demo, then you most certainly won't live. Try to (a) generate a net profit that exceeds a minimum profit potential (i.e. 20 ticks/pip) ...

Plan the Trade

Unless you have less than $10k (and even then with AMP), just go direct to a clearing firm and skip the added cost of a broker. Google “FCM financial status CFTC”, download the list and now you know all the clearing firms. Sierra offers a list of ...

Plan the Trade

Used to be possible 10 years ago on the currencies! But yes, no longer. Honestly, do what you think is best for you - there are obviously successful forex traders - but after switching to NQ, I improved my bottom line exponentially. However, I have ...

My way of seeing the market

I generally exit trades on the bar I entered on, some I'm not so concerned with stalling or what not. I set a target based on the prior s/r and get out if it gets there. if it keeps going, I'm okay with that.

My way of seeing the market

Looks like you managed to some arbitrary risk reward or something. Look for wicks to target, does not matter what R:R it is. At the very least take some risk off the table my getting stop to BE. Also, no need to make lots of ticks; Focus on ...

My way of seeing the market

Two things here: look at the micro structure also - wick, break, pullback. Look at bottoming action: first low, second lower low immediate failure, rebound at first low. This happens constantly on a micro and macro level. Sometimes it will be a ...

My way of seeing the market

Try risking an amount you don't care about - this will solve most of your problems relative to 'doing the right thing' (ie putting the stop in the right place, etc), and help free you from thinking about calculating R:R. I don't remember the last ...

My way of seeing the market

Don’t scalp forex on the 1m.... I’m sure people still do it but it’s slow, miserable, painful, and unnecessary. If you want to scalp the 1m, NQ is where you should be. A forex swing trade’s worth of profit in seconds. And all the liquidity you could ...

My way of seeing the market

I traded some yesterday, but only on 1 lot for a net 20 ticks. Today, back to plan size.

Intraday Trading the US Index Futures

2/14

Intraday Trading the US Index Futures

Been focusing on trading, achieving daily goal, and increasing trading size.

Intraday Trading the US Index Futures

Thanks for the message - I can't respond back to you for some reason - Really like the thread here -

Trading Forex is Hard

lol... well I tend to think you can see the volume in the speed of the print, but the coloring of the bars does incorporate some volume information. Nothing fancy, just the Better Volume code for high range + high volume. you should come around more ...

Intraday Trading the US Index Futures

Yes that low was down in that same range, and also around the weekly open. Highest hourly volume all year on that last hour.

Intraday Trading the US Index Futures

Some ugly trading this morning including breaking the cardinal rule of moving the stop. But came back with the help of ES and hit the minimum daily goal. I had trouble today with trading effectively the broad bear channel that was developing. ...

Intraday Trading the US Index Futures

Well I look at the whole candle typically, but if you look at the combination of those two candles, their range entirely engulfed the prior 3. That combined with the high volume and the enormous wick gave me the confidence.

Intraday Trading the US Index Futures

The Chart

Intraday Trading the US Index Futures

Thank you. I’ll post tomorrow the 4HR that got me going that direction and holding.

Intraday Trading the US Index Futures

More than okay, come back!

Intraday Trading the US Index Futures

Final crazy hour - nailed it.

Intraday Trading the US Index Futures