This is inspired from Brett story of chess player who exercise a lot before going to the tournament, I hope this will inspire more trader to do the same in their learning curve.
Disadvantages:
Boring, cannot change the screen, it will always display as it is, wait for long time, missing many actions, little mistake can jeopardize profitable exit, require unconditional patience and honesty which are uncommon in real-life.
Advantages:
Get the feel of the market in the current moment, flexible rules which turns to flexible interpretation, repeatable, if done correctly and with luck, many small profit taken in short time, if done with discipline and with luck, many winners can cause positive psychology.
Tools:
Ninjatrader which is free and support tick chart and 1-second chart
MA indicator which help to create pattern
Custom Osc indicator which help for smoothing (replaceable to any osc)
Reliable datafeed, in this case IB
NT is free and have Market Replay, which is a good exercise to find reliable setup and practice to get better entry and the reasoning.
SL is 10 or 15, TP is 5 or open, some consider it scalping, some call it daytrading.
Please noted that I combine this with everything that I have learned from many places, indicator is just a help, price is what I am focusing, basically I look for swing high/low which create support, resistance, trendline and biased in multiple timeframe (5-second and 15-second), troubleshoot in 1-tick chart.
Like many other trading ideas, this one can also be better or worse according to the doer, but with quite right combination of tools, many lessons and continuous lessons can be learned.
That's all pretty much all I want to say.
PS.
1. Rename the first 2 zip files to rar files first
2. For higher resolution, wait for rapidshare link
Disadvantages:
Boring, cannot change the screen, it will always display as it is, wait for long time, missing many actions, little mistake can jeopardize profitable exit, require unconditional patience and honesty which are uncommon in real-life.
Advantages:
Get the feel of the market in the current moment, flexible rules which turns to flexible interpretation, repeatable, if done correctly and with luck, many small profit taken in short time, if done with discipline and with luck, many winners can cause positive psychology.
Tools:
Ninjatrader which is free and support tick chart and 1-second chart
MA indicator which help to create pattern
Custom Osc indicator which help for smoothing (replaceable to any osc)
Reliable datafeed, in this case IB
NT is free and have Market Replay, which is a good exercise to find reliable setup and practice to get better entry and the reasoning.
SL is 10 or 15, TP is 5 or open, some consider it scalping, some call it daytrading.
Please noted that I combine this with everything that I have learned from many places, indicator is just a help, price is what I am focusing, basically I look for swing high/low which create support, resistance, trendline and biased in multiple timeframe (5-second and 15-second), troubleshoot in 1-tick chart.
Like many other trading ideas, this one can also be better or worse according to the doer, but with quite right combination of tools, many lessons and continuous lessons can be learned.
That's all pretty much all I want to say.
PS.
1. Rename the first 2 zip files to rar files first
2. For higher resolution, wait for rapidshare link
Attached File(s)
