Recent content by proftradingjourney

Honestly, this isn't mentioned or talked about often, but a lot of people go into this thinking they can do it, but deep down on a subconscious level they truly believe they can't. This has to be undone in order for you to succeed at all.

I started with stock swing trading but there is something about holding overnight that doesn't really sit right and it isn't all that enjoyable to me (stock scanning, sitting and waiting etc.). I want to be active in the market so I think I might start learning how to day trade index futures...

Cool. Fyi, have you noticed this rounded bottom phenomena that occurs in /ES a lot? It's like price will cycle up, top out, and break down hard and fast, but then there are always these extended consolidations that eventually break out. I see it on the 1 and 5 min chart. Doesn't occur extremely...

Al's teachings are alluring but all too consuming and complex.

Agreed. It only appears random because bulls and bears are constantly battling which makes the price action harder to read...but the answer is always there. Just takes a lot of practice and screen time to be able to see clearly what's going on. Probably just wise (for single instruments at...

Great post Mark. I like this strat too, it's applicable in all markets, but as others have said the mean is dynamic and changes all the time, not that its impossible to trade, but as with anything it requires a ton of hard work, discipline, and patience. It'd be interesting to see how a...

Don't you need to be an ECP to trade FX with IBKR?

Can you be more specific as to the issues you faced with those FX brokers, was it the B-booking shenanigans going on?

Thanks!

Have not given it a hard thought, but definitely a good reminder will check it out more thoroughly, preciate it

Not a lot of brokerage options for FX traders in the US basically IG, Forex.com, Oanda, TDA, IBKR (but for instns), all except for IBKR are pure market makers with mixed reputations at best. Pretty high spreads too. If you trade FX in the US with any of these brokers how was/is your experience...

I want to respect Al, but the dude has no track record of trading for a living. I get he has extensive and detailed services with his books and courses, but is there any single shred of evidence the dude trades for a living (makes the bulk of his income from trading, or at the very least a large...

Any good US FX brokers out there? I want to try some pilot trades with real $$$, but damn the spreads for US brokers are quite high for major pairs, and most of the brokers are non-ECN.