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Trading Made Simple

  • #92,021
  • Oct 16, 2018 6:20pm Oct 16, 2018 6:20pm
Quoting JKLee
{quote} Hi lddd, I am pretty sure you are also gonna lose money very quickly with NQ future trading. It's a kind of drug. Doesn't it Divergence?
I am losing money very quickly every day as soon as my wife leaves the home so i am used to it, but hey thanks for your sympathy

I don´t really care about losing money as long as i end up positive in sum over a certain period of time. So if i will lose money trying to trade the emini nastaq after the next 12 monthes i will be smarter, hard to say so right now.

Now as you refer to Divergence, how can you know that he is constantly losing money trading this market? Are you his personal accountant maybe?

But like said earlier day trading only Forex for a living seems to be very shitty in this case. Just look at the charts posted. The potential reward on a monthly base it not given here. At least not by trading only one currency pair like the EUR/USD or some other major. The volatility is horrible. So if you need a 50 pips per day on average to make a living how realistic this would be with a market going sideways for max 80 Pips/day if you strategy is about "following the trend" ?

Even if you could manage to scalp out only half of that movement every day by taking 1 lot per trade you would end up in a very poor living not worse the risk/stress. So whats the alternative? Desposit at least a few million dollars to your trading account so you can trade multiple lots positions without having to risk more than 1-2% per trade. B) Trade more than 1 curreny pair on a daily base but test out your self how realistic this will be by the TDI an watching 10 pairs not moving each day. Maybe you get out a few pips more but you would get stressed out to a maximum, watching 10 charts 8 hours/day. And your great TDI crossovers will only work out for half of the time so you even spend half of the time in front of your chats for nothing lol, just giving you a signal that will not work out.

I mean if you could setup some alerts properly filtering the crap out of it so you only have to concentrate on those signals really worse watching the time, well maybe then it would be ok to look at price action and make a decision. But it doesn´t do that. Even with alerts giving you signals on best TDI green angle setups, such setups are not giving a much better win rate on average. Maybe 50.1% instead of 50%?
  • #92,022
  • Oct 16, 2018 6:29pm Oct 16, 2018 6:29pm
Hey iddd I don't even know this jk lee. and not like many on this forum I have shown live trading and make a living trading the NQ
  • #92,023
  • Oct 16, 2018 6:34pm Oct 16, 2018 6:34pm
Quoting lddd
{quote} I am losing money very quickly every day as soon as my wife leaves the home so i am used to it, but hey thanks for your sympathy I don´t really care about losing money as long as i end up positive in sum over a certain period of time. So if i will lose money trying to trade the emini nastaq after the next 12 monthes i will be smarter, hard to say so right now. Now as you refer to Divergence, how can you know that he is constantly losing money trading this market? Are you his personal accountant maybe? ...
Sounds like you have some real issues. But don't ask a land bound, burger eating US citizen who also consumes large quantities of what you call fake news. Looks like you'll have to figure this one out by your own pitiful self. Good luck....
  • #92,024
  • Oct 16, 2018 6:41pm Oct 16, 2018 6:41pm
Quoting Winston Reed
{quote} Sounds like you have some real issues. But don't ask a land bound, burger eating US citizen who also consumes large quantities of what you call fake news. Looks like you'll have to figure this one out by your own pitiful self. Good luck....
Hopefully your not referring to me I eat steak lol
  • #92,025
  • Oct 16, 2018 6:43pm Oct 16, 2018 6:43pm
Quoting Divergence
Hey iddd I don't even know this jk lee. and not like many on this forum I have shown live trading and make a living trading the NQ
:-D

I did a quick overview to my self what trading the NQ would mean in my case based on:

- risk per trade is five ticks x $12.5 = $62.5
- risk per potential reward on each trade is 1.6 times great than the risk (8/5)
- 1 winning trade on one contract equals $100, or 8 ticks x $12.50.

Now assume that the volatility permits at least 5 such trades per day this would mean after 20 trading days.

55 trades were profitable: 55 x $100 = $5,500
45 trades were losers: 45 x ($62.5) = ($2,812.5)
Gross profit is $5,500 - $2,812.50 = $2,687.5

Commissions and fees of $4.12 per per trade. Net profit is $2,687.50 - $412 = $2,275.50

Now how realistic is finding 5 valid trading setups / day for the NQ based on these pullbacks within a trend on a M5 chart? I guess at least more realistic than with one forex chart?
  • #92,026
  • Oct 16, 2018 6:48pm Oct 16, 2018 6:48pm
Quoting lddd
{quote} I am losing money very quickly every day as soon as my wife leaves the home so i am used to it, but hey thanks for your sympathy I don´t really care about losing money as long as i end up positive in sum over a certain period of time. So if i will lose money trying to trade the emini nastaq after the next 12 monthes i will be smarter, hard to say so right now. Now as you refer to Divergence, how can you know that he is constantly losing money trading this market? Are you his personal accountant maybe? ...
I don't know Divergence makes money or not neither. But what I know is that NQ futures trading is very risky and requires high risk management and also trading psychology. The profit and loss swings $300- $500 per contract in every 5 min candles after NY opening. Divergence trades 3 contracts, so you can imagine how he trades for living.
FOR THE HORDE
  • #92,027
  • Oct 16, 2018 6:50pm Oct 16, 2018 6:50pm
Quoting JKLee
{quote} I don't know Divergence makes money or not neither. But what I know is that NQ futures trading is very risky and requires high risk management and also trading psychology. The profit and loss swings $300- $500 per contract in every 5 min candles after NY opening. Divergence trades 3 contracts, so you can imagine how he trades for living.
There is no "risky" if you manage your risk at a fixed percentage per trade and your equity is able to keep you in the game even if you win under 50% the times if the average trade you win is at least a few times more than your average loss.
  • #92,028
  • Oct 16, 2018 6:53pm Oct 16, 2018 6:53pm
Your research is wrong. the NQ is 5 dollars a tick there are 4 ticks per point or 20 dollars a point. Getting 2 25 tick wins in first hour only is very doable and at the moment I am trading 4 contracts which is 20 dollars a tick so you do the math. My commission is 4.20 RT per contract so for me it's 16. 80 to make 500 dollars twice a day
  • #92,029
  • Oct 16, 2018 6:57pm Oct 16, 2018 6:57pm
Today's trades
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  • #92,030
  • Oct 16, 2018 6:57pm Oct 16, 2018 6:57pm
Quoting Divergence
Your research is wrong. the NQ is 5 dollars a tick there are 4 ticks per point or 20 dollars a point. Getting 2 25 tick wins in first hour only is very doable and at the moment I am trading 4 contracts which is 20 dollars a tick so you do the math. My commission is 4.20 RT per contract so for me it's 16. 80 to make 500 dollars twice a day
Thanks, yes i was looking at the E-mini S&P 500 i think.

But two trades in a row which are both a win sounds fine. The question is will there be 3 other setups to gain back to at least break even of with profit by the end of the day IF the two first trades were lost...
  • #92,031
  • Oct 16, 2018 7:03pm Oct 16, 2018 7:03pm
Here's yesterday's action. Do I have losses yes breakeven +2 trades yes but I risk 12 to make 25 so if I do over 35% i am in profit
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  • #92,032
  • Oct 16, 2018 7:33pm Oct 16, 2018 7:33pm
Quoting lddd
{quote} Thanks, yes i was looking at the E-mini S&P 500 i think. But two trades in a row which are both a win sounds fine. The question is will there be 3 other setups to gain back to at least break even of with profit by the end of the day IF the two first trades were lost...
Now look who’s not talking about TMS. The policeman’s changes his uniform, doesn’t care about losing money, wants to trade futures live without any strategy.
Trading thin liquidity at the boundary of the charts
  • #92,033
  • Edited 9:10pm Oct 16, 2018 8:46pm | Edited 9:10pm
Quoting lddd
{quote} Thanks, yes i was looking at the E-mini S&P 500 i think. But two trades in a row which are both a win sounds fine. The question is will there be 3 other setups to gain back to at least break even of with profit by the end of the day IF the two first trades were lost...
You need to visit Divergences Plan the Trade thread and see what happen in June. That was a tough month for them so it’s not easy money or even guaranteed money all the time. Yes the pip movement per day may be 600 pips but it’s just 1 market. In forex we can trade multiple markets at the same time with multiple strategy’s which ends up being just as profitable most of the time. There is little skill required to set up and run a few EA’s but the same can’t be said with scalping futures.
I ADMIRE Divergences skills.
Trading thin liquidity at the boundary of the charts
  • #92,034
  • Oct 16, 2018 9:39pm Oct 16, 2018 9:39pm
Quoting RickM
{quote} Now look who’s not talking about TMS. The policeman’s changes his uniform, doesn’t care about losing money, wants to trade futures live without any strategy.
What's even more funny is the naked attempt to get traffic to a another thread by high jacking a thread with a lot of eyeballs.

Not trading TMS.
Not even trading FX.

Why post here?

It's obvious isn't it?
If you are good at something, never do it for free--Joker
  • #92,035
  • Oct 16, 2018 10:09pm Oct 16, 2018 10:09pm
I don't trade TMS but I see quite a few charts on this thread with stochs on them and all of them from memory only have 20/80 levels, why is this?
Ardua Ad Astra Per
  • #92,036
  • Oct 17, 2018 12:00am Oct 17, 2018 12:00am
Quoting jmn5611
{quote} What's even more funny is the naked attempt to get traffic to a another thread by high jacking a thread with a lot of eyeballs. Not trading TMS. Not even trading FX. Why post here? It's obvious isn't it?
Paranoid much? But in the sense that it's off topic, you are correct.

But since there is no moderator...
'in less than half an hour he made over 100 ticks'
  • #92,037
  • Oct 17, 2018 2:36am Oct 17, 2018 2:36am
Quoting robots4me
{quote} I'm not offended. And I don't want to ignore Emmanuel's posts because sometimes they are helpful. And he certainly deserves credit for helping to keep this thread going. But there is such a thing as excess, and I think all his charts are a distraction and may actually discourage more interesting conversations. But, if this is a thread about posting pictures then I've seen enough. I understand the rules of TMS well enough to keep practicing and to adapt the concepts to algorithmic trading. There is no more value here for me looking at, basically,...
great post
life is a reflection of what we allow ourselves to see
  • #92,038
  • Oct 17, 2018 5:06am Oct 17, 2018 5:06am
Quoting jmn5611
{quote} What's even more funny is the naked attempt to get traffic to a another thread by high jacking a thread with a lot of eyeballs. Not trading TMS. Not even trading FX. Why post here? It's obvious isn't it?
Futures Brokers are paying them to post here.
Toxic Flow for FX Brokers.
  • #92,039
  • Oct 17, 2018 5:15am Oct 17, 2018 5:15am
Quoting anti-flash
{quote} Futures Brokers are paying them to post here.
I don't need their money with 0.20 per pip on the Dax.
'in less than half an hour he made over 100 ticks'
  • #92,040
  • Oct 17, 2018 5:19am Oct 17, 2018 5:19am
Quoting jmn5611
{quote} What's even more funny is the naked attempt to get traffic to a another thread by high jacking a thread with a lot of eyeballs. Not trading TMS. Not even trading FX. Why post here? It's obvious isn't it?
My posts were intended for iddd to answer his questions nothing more I don't have a thread
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