(binned per thread starter’s request) Give me your money

Movie?

porn..no lol

trading man.

Great comment....

I was going to say same, but restricted to movie lol

had a moment of misclick..$60 dollar error

+$1305

https://www.youtube.com/watch?v=IpS-ZJTM1s0

nice breakout setting up in asian today...lets see if it'll continue..

DAMN! so sick. feels good when it hits. i even put decent size behind it. It's my classic pocket AA setup.



https://www.youtube.com/watch?v=pEa5N1hwy6s

I have no idea about the hours there. i just picked 9am cause i wanted to split the day into 3 (asian, euro, US)..so 9p-3a, 3a-9a, 9a-3p...nothing else lol

but check the time and sales volume. this is actual trades executed...noticing the offers hitting (green) on the up move ..

so many indicators so many combos...

thanks man. I was actually getting confused with the time zone conversion but soon after my post, I noticed there is a way to change each chart in the chartbook to point to a particular timezone. I changed under chart settings to Hong Kong time and there was far better clarity. It's a little weird that chart settings configuration is independent of analysis studies collection forcing me to keep track of which studies collection works best on which chart type/session times etc.

and you are right about so many indicators... I have gone upto 50+ indicators several times and wiped clean my charts. There is just too much crap out there. Still exploring but simple framework of price structure overlapped with volume structure seems like a good way to go. some times price will go in our direction and other times volume will go in our direction moving price with it. interesting dynamics between the too and the more I investigate the more it is sucking me in the hell hole of "nothingness". At some point, I will just say GTFO to Sierra and it's fancy pile of indicator junkyard and just go back to what I know works best with price discovery techniques (and takes my chances)

pretty much gave $1000 back from asia..currently waiting on next setups..

to Vee, 2:54-3:20. algo at least for retail seem to be a losing pursuit?

from 3:23..that's how i'm feeling lol..shit!

https://www.youtube.com/watch?v=ZXfeq3qA3D0&t=303s

+$1535



today's action is going into the notebook. very particular trend pattern that i haven't considered. usually takes place right at london. a bit annoyed that i lose $300 just grinding like a government worker for no pay (gazinnggg!)

next week i'm on travel.. may or may not trade. but i'll do the jan tally next week

I am not going to be anywhere near London session open. Just too late for me to stay up and then get up at 5am every morning for work. Did that shit for years in spot fx.

yea, but this market structure is super profitable. simialr to 1/4/19





I'm just building my list of market structures. currently i have 4 different structures, for a total of 9 setups with varying entry, bet size, and exits.

range
thrust/breakout
momentum
gap play

at this point, i would love to say i have captured the majority of market behaviors. my win rate is around 55-60%. So hopefully i can start improving going forward, instead of adding more and become paralyzed by analysis

entry would've been at 6770 and 6780 off the highs (30 minute and 1.5 hour mark)

can't beleive i thought shorting into a strong trend was a good idea..amateur move

https://www.youtube.com/watch?v=dn57OP7cyKM

You see that asshole at 1:42 with the sunglasses? that's darkstar (https://www.forexfactory.com/darkstar). one of those who turned trading trainer..smh

https://www.youtube.com/watch?v=ObkfQTG8mUg

One of great things about visiting forums is that you learn what doesnt' work. So I found this post on a different forum. It's a long post about why he's losing at trading emini s&p. I think i can point out few things from this post that shows why he's losing. But before i share my thoughts, i'd like to hear what people's thoughts are on this. And please, do not say that it's psychology. I've also attached his screenshots.

Well, i'm back. You may remember me "catastrophic loss days". I really hate to come on this forum just to beg for help, but I am truly at a loss and am contemplating giving up trading the /ES, something that has consumed my life for nearly a year now. I'm not usually so pessimistic or dramatic, but I am truly lost and have no faith. I'm doubting everything I know, and this may very well be my last post so i'm pouring it all out (https://futures.io/articles/trading/All-Out).

I just cant get it. I have weeks, like last week (1/7/18), where I am immensely profitable, followed by this week, where I have lost almost every trade for 3 consecutive days and been margin called. This cycle has repeated itself many, many times. I sim trade until I am profitable for weeks, and then I switch and can't replicate the results.

I took advice on my last post (https://futures.io/emini-index-futures-trading/45814-catastrophic-loss-days.html); (https://futures.io/emini-index-futures-trading/45814-catastrophic-loss-days.html) I now trade on a 7500 volume heiken-ashi chart instead of 30s, and aim for 3-X point targets with a minimum 2-1 risk reward ratio. I've studied al brooks (https://futures.io/articles/trading/Al-Brooks) price action and his H1/H2 method, and have read Anekdoten's ET thread in which he details price action (https://futures.io/articles/trading/Price-Action). Despite the pictures, I no longer really use indicators and trade solely off price action. I don't I suffer as much from overtrading anymore; I believe that almost every entry I take has good signals. These methods have helped me become a better trader... on some days.

It seems every week I go negative, I identify problems and solve them, yet each recurring week new problems spring up; my portfolio is akin to a boat that is being continuously shot and sinking as I try to patch holes.

My strategy in a bull (https://futures.io/articles/trading/Bull) trend is as follows; I identify trend, using price action. Next, I wait for a retrace of at least a few points (https://futures.io/articles/trading/Points) depending on market conditions. Once I see the first bar with HH/HL I will set a stop by 1-2 ticks above the high of that bar. Assuming the market moves in my direction, I let my profits run as far as possible while moving my stop to BE or higher. I exit when I begin to see trend exhaustion (https://futures.io/articles/trading/Exhaustion). I'll also use basic patterns, like triangles, as well as trend lines and S/R (https://futures.io/articles/trading/S-R) lines. This strategy is fantastic on some days, but I've become convinced some days are just untradeable. I try to completely avoid trading in chop (https://futures.io/articles/trading/Chop).

One of my biggest (current) problems is not being able to find viable entries. I really still don't whether to use limit or stop buys; I've tried both and they have their pros and cons. I use a HH/HL method, similar to a 123 reversal pattern; this means on a 7500 vol (https://futures.io/articles/trading/VOL) chart often I am too slow to catch moves, and whole retracements can begin and end before I get an entry signal. I refuse to chase for obvious reasons; as a result, in strong trends I often miss out the the entire movement because there are no retraces for me to enter on. I end up just trading in chop, every time. My stop buy is often triggered by a fake out that immediately backs off and triggers my stop, though this may just be due to a small stop.

I never seem to know when trends end, and never seem to know when the market will stop ranging. I attribute my down days to to lower trading ranges and markets more susceptible to chop and unpredictability, which is inevitable. I don't know what to do. I'm attaching images of my last three days. Many of the trades are clearly bad trades, as a result of my impatience, something i need to work on. Maybe I do still over trade. The 3 point gain today was a sim trade; I seem to do much better in sim, on a consistent basis (https://futures.io/articles/trading/Basis). Last week I averaged 3 points a day sim trading.

In summary; I'm lost at sea in a boat with more holes than I can patch, and have lost hope that the boat will ever sail again. I genuinely appreciate everything this forum has given me and apologize for the long (https://futures.io/articles/trading/long) rambling and whining. All advice is greatly appreciated, as I may just give the /ES one last shot. I will take any help I can get, so feel free to PM me.

Attached Image (click to enlarge)

Attached Image (click to enlarge)

Attached Image (click to enlarge)

looks like he jumps around and has no plan

Typical outcome if you rely on someone else to succeed by following strategy without adequate testing and validation.
HA - never use it for scalping ticks as it repaints and is the WORST indicator for trend followers. It can only do one thing.... create false bias
Two Oscillators - no idea what they are... just one is enough
Trend lines - same as HA.... for every successful TL, there are 10 unsuccessful ones
Over trading
7500 volume - why not 8000 or 9000? curve-fitting such chart types never work imo
lack of stress testing - same market condition must work on any scale - universality principle
definitely desperation leading to mental issues in live trading
too many publicly known concepts used.... TL, PA, TF, osc etc. He is brainwashed into thinking he can follow someone and make millions
etc
etc
etc

since i am a reversal scalper mainly...
for me, looking at the charts, it seems that he tends to be 'late to the party'
trying to trade breakouts after a stronger previous run up for the day may be not the best thing to do.
on top, with a rather tight SL, but 2:1 R:R suggest that likely the position sizing is a bit too high vs equity.
for Hilmy request not going to touch on psychology more than after a heavy losing day it may be a good option to take a step back, 1-2 days, before continue. help to take out the revenge element and desperation from the thinking.

just my thoughts on this:

something that has consumed my life for nearly a year now
1 year is too short of a timeframe to figure things out in trading. i feel like some people get a bit overwhelmed when they realize how much work they need to put in this business in the beginning. personally i've stayed up weekends till 4-5am in the morning reviewing charts, pouring over different patterns and gathering stats on it. To me, that work is really enjoyable, because i do love this shit. it's like when you find something and looking back to see it works, it's like sniffing on crack cocaine. So i doubt this guy loves this work, and have a hard time putting effort into this. Some people just love the idea of what being a trader is; the fancy cars/house/bitches..


where I have lost almost every trade for 3 consecutive days and been margin called
i think as a daytrader, you MUST win 80-90% of the days. you're allowed few days in the month of losing due to mistakes, unexpected events, etc that's beyond your control sometimes. when you start seeing that you're losing every trade for 1-2 days, STOP trading. this means your strategy sucks and never was good to begin with.

I took advice on my last post (https://futures.io/emini-index-futur...ss-days.html); (https://futures.io/emini-index-futures-trading/45814-catastrophic-loss-days.html)
nothing wrong with taking bits and pieces of information from people who have come before you. it's important to test them out yourself, and figure out all the nuances about that piece of information as it relates to your overall strategy. I myself have taken the information of orderflow and market profile information from here to construct the basics of my strategy. But then i continue to build upon it on my own.

I now trade on a 7500 volume heiken-ashi chart instead of 30s, and aim for 3-X point targets with a minimum 2-1 risk reward ratio. I've studied al brooks (https://futures.io/articles/trading/Al-Brooks) price action and his H1/H2 method, and have read Anekdoten's ET thread in which he details price action (https://futures.io/articles/trading/Price-Action). Despite the pictures, I no longer really use indicators and trade solely off price action. I don't I suffer as much from overtrading anymore; I believe that almost every entry I take has good signals.

this statement doesn't support what i see based on the charts he posted. He has more oscillators than he needs. Like vee said, i personally think his use of 7500 volume heiken ashi bars are non value added. those variable are too specific that i don't think really flow well with the market all the time.
Plus the 1:2 risk/reward ratio is the most damaging statement. i'm in the school of thought that your risk/reward needs to be dynamic. some trades it would be 1:2/1:3, some trades its' 1:1, and some it would be reverse of that. If you watch my videos, you'd see that sometimes my MAE is larger than my tp. But the point is, the overall result should reflect that you avg profit >avg loss. You need to manage your trades where you close them when the conditions have changed; not just letting all the trades hit your max stop loss.

Assuming the market moves in my direction, I let my profits run as far as possible while moving my stop to BE or higher
i dont care if you're a pro trader that uses breakeven stop and trailing their stops; these two methods of managing trades are the worst fucking thing that ever been introduced to the retail world. One side of it, you're trading like a bitch and making sure you have this "free trade" with your b/e stop, and the other side you're a greedy bastard wanting to extract all the possible one direction move and hoping it doesn't trigger your stop along the way. I think if you just set your target at a fixed amount, you'll come out ahead. Now this doesn't mean you have fixed TP for all trades (i'm against that too). you have to set different tps for different situations (just like the variable risk i mentioned above). some setups require larger tps, some smaller tps.

I try to completely avoid trading in chop (https://futures.io/articles/trading/Chop).
trending markets doesn't happen all the time. Trending in the market profile world represent "chaos"; meaning that it is searching for value. Normal days (range) are the best for business where you know what the wholesale and retail prices are to do your business. if you can't trade chop day profitably, you're either going to be losing (cause you're trend trading skills are not good) or little bit profitable. Judging from this guy's ability of trading trend, no wonder he's losing. I think you'll be better trader when you figure out days you should fade, and days you should follow the trend.

One of my biggest (current) problems is not being able to find viable entries. I really still don't whether to use limit or stop buys; I've tried both and they have their pros and cons. I use a HH/HL method, similar to a 123 reversal pattern; this means on a 7500 vol (https://futures.io/articles/trading/VOL) chart often I am too slow to catch moves, and whole retracements can begin and end before I get an entry signal. I refuse to chase for obvious reasons; as a result, in strong trends I often miss out the the entire movement because there are no retraces for me to enter on
in a trend day, don't be afraid to buy highs or sell lows. it's a fucking trend!, it will go further most of the time. But this is after you define what a trend is. if you're only looking to enter on retracements, you will miss good portions of trend days. and if that's the only structure you trade with, you pretty much will be losing money over time from missed opportunities that doesn't come that often.


I never seem to know when trends end, and never seem to know when the market will stop ranging. I attribute my down days to to lower trading ranges and markets more susceptible to chop and unpredictability, which is inevitable
this is where you need to roll up your sleeves and go to work and look over charts. come up with scenarios and figure out if you can detect the change in conditons. remember what i said, trend days are not that common. if you lose out on the range (make sure you use smaller positions), then you'd more than make up the loss when it reverses to trend because, when it runs, it runs further than you think.

so in summary

1.don't use specific indicators with specific settings
2. learn to trade chop and trend days
3. don't use b/e stop or trail or your stops
4. don't stick to fixed risk reward for all your trades. it needs to be dynamic based and you have to manage your trades where you close most of them before it triggers your max stop
5.be conservative in chop days, but be aggressive in trend days