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  • #11,001
  • May 13, 2016 10:23am May 13, 2016 10:23am
Quoting jtrade
{quote} Disagree, CG... whatever next ... LOL... I was specifically referring to YM, where for many a 1 lot @ $5/tick might be relatively a great deal & is not scaleable (don't know if the DOW CFD would work, but that's not available in the US)... ... where I agree with you is with cash FX where you can start trading a 10c/pip microlot, or less... BUT still it seems crazy to risk real $$$ or real cents if you cannot trade consistently in SIM (in which case Live you'll have zero chance). I DO agree that once you are sim-trading profitably,...
Aha, yes, apologies JT, i wasn't thinking of YM, which as you say, might be a bit heavy going for starters...


Certainly when there are claims of fantastic or excessive success rates, it is obvious they are either with benefit of hindsight or were taken in a demo account. Reality is of course, a completely different ball game. That's when the fun really begins!
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #11,002
  • Edited 11:53am May 13, 2016 10:51am | Edited 11:53am
It's good to have a plan!

Dow hourly (earlier in week);

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Current;

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Short bias, 123, go...
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  • #11,003
  • Jun 22, 2016 11:39am Jun 22, 2016 11:39am
How are you guys holding up?
(slow day here)
  • #11,004
  • Jun 25, 2016 6:01am Jun 25, 2016 6:01am
DD was right the NQ is a bigger bang for your buck
  • #11,005
  • Jun 25, 2016 6:13am Jun 25, 2016 6:13am
Quoting Divergence
DD was right the NQ is a bigger bang for your buck
Greetings, Divergence.

In light of the fact that most people lose money trading futures, the more important point might be which contract is easier to book consistent profits. In my opinion, one might consider proving themselves on the ES before venturing into NQ. This is just me, but I started on ES and CL and never had a reason to trade anything else, futures-wise.
  • #11,006
  • Jun 25, 2016 6:27am Jun 25, 2016 6:27am
Hey cali been in ym all year and just made the switch to nq trends harder
  • #11,007
  • Jun 25, 2016 6:30am Jun 25, 2016 6:30am
Quoting Divergence
Hey cali been in ym all year and just made the switch to nq trends harder
Long live the futures
  • #11,008
  • Jun 25, 2016 8:32am Jun 25, 2016 8:32am
Here's a very simple but good setup.

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  • #11,009
  • Jun 25, 2016 11:27am Jun 25, 2016 11:27am
Quoting California
{quote} Greetings, Divergence. In light of the fact that most people lose money trading futures, the more important point might be which contract is easier to book consistent profits. In my opinion, one might consider proving themselves on the ES before venturing into NQ. This is just me, but I started on ES and CL and never had a reason to trade anything else, futures-wise.
hello california what method do you use to trade crude futures? i use vsa for crude oil
  • #11,010
  • Jun 25, 2016 11:28am Jun 25, 2016 11:28am
Quoting Divergence
Hey cali been in ym all year and just made the switch to nq trends harder
hello divergence ...nice method you have here how do i get your mad ha on tradestation ??? and what are the settings
  • #11,011
  • Jun 25, 2016 11:29am Jun 25, 2016 11:29am
Quoting Divergence
Hey cali been in ym all year and just made the switch to nq trends harder
sorry macd ha dots
  • #11,012
  • Jun 25, 2016 1:12pm Jun 25, 2016 1:12pm
It's a sierra chart indy
  • #11,013
  • Jun 25, 2016 3:26pm Jun 25, 2016 3:26pm
Quoting bettervolume
{quote} hello california what method do you use to trade crude futures? i use vsa for crude oil
Most of what i do is ES. I use two breakout setups and one pullback setup. I began trading breakouts in 1990 on stocks. The last ten years have been mostly pullbacks but a year ago, as I was waiting for pullbacks to set up on CL on a 1min chart, i noticed how many breakouts worked. So I began trading them on a 3min chart and my win rate went up appreciably. Probably 90%-95% of my trades are breakout. I like the 3min timeframe b/c you get substantially more setups than 5min, but without the noise of 1min and 2min.

North America is probably the worst place to live and trade forex b/c the busiest time of day, LO, is in the wee hours of the morning (midnight for me). So when i switched to futures, they are centered in N America (ES and CL) and it was a great move. I trade from 9:30 a.m. ET to about 11:30 a.m. ET and I normally get 2 to 5 trades in. This means that I stop at 8:30 a.m. my time. It is profitable enough for me to then usually shut it down for the rest of the day. While i love daytrading, to me trading is a lifestyle. And I never wanted to sit in front of a screen all day long.

Friday was fun. It was volatile enough in ES that your normal stop was just blown through. So I used half-sized positions, double-wide stops, and double-plus sized initial targets. The waves were beautiful and the follow-through was superb.

Best trading
  • #11,014
  • Jun 25, 2016 3:48pm Jun 25, 2016 3:48pm
The daily range between the ES and nq is not close es 20 to 25 pts a day which is 80 to 100 tick range nq 45 to 65 pts or 180 to 260 ticks a day more trades more money
  • #11,015
  • Jun 25, 2016 4:41pm Jun 25, 2016 4:41pm
Quoting Divergence
The daily range between the ES and nq is not close es 20 to 25 pts a day which is 80 to 100 tick range nq 45 to 65 pts or 180 to 260 ticks a day more trades more money
Why do far more people trade ES?

NQ 10-day ATR = 49.1 points per day x $20/point = $980/day
ES 10-day ATR = 19.7 points per day x $50/point = $985/day

Peace
California
  • #11,016
  • Jun 25, 2016 5:44pm Jun 25, 2016 5:44pm
Reason is it moves slower and they can put on massive lot size and look to get 1 point. That's big risk. So if money is the same I would rather follow a tender imop
  • #11,017
  • Jun 26, 2016 1:40am Jun 26, 2016 1:40am
Quoting California
{quote} Most of what i do is ES. I use two breakout setups and one pullback setup. I began trading breakouts in 1990 on stocks. The last ten years have been mostly pullbacks but a year ago, as I was waiting for pullbacks to set up on CL on a 1min chart, i noticed how many breakouts worked. So I began trading them on a 3min chart and my win rate went up appreciably. Probably 90%-95% of my trades are breakout. I like the 3min timeframe b/c you get substantially more setups than 5min, but without the noise of 1min and 2min. North America is probably...
when istarted trading cl I traded 3 min chart but now I trade 15 min chart and enter with 2 minute I use volume spread analysis
  • #11,018
  • Jun 26, 2016 1:42am Jun 26, 2016 1:42am
Quoting Divergence
It's a sierra chart indy
I am going to download seerra charts from amp is it a standard indicator on sierra?
  • #11,019
  • Jun 26, 2016 3:28am Jun 26, 2016 3:28am
Quoting California
{quote} Why do far more people trade ES? NQ 10-day ATR = 49.1 points per day x $20/point = $980/day ES 10-day ATR = 19.7 points per day x $50/point = $985/day Peace California
far more people also loose money
  • #11,020
  • Jun 26, 2016 10:11am Jun 26, 2016 10:11am
Quoting bettervolume
{quote} I am going to download seerra charts from amp is it a standard indicator on sierra?

​It is under user custom studies
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