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That's true. I usually use a 2-3.5 point stop, but I (ideally) make my entries very precise. I don't like sitting through swings, so I try to avoid taking trades until it's ready to move in one direction, or take shorter trades when it's a little more undecided. I suppose if someone's simply...

NQ is great. ES, I wouldn't bother. The moment I start noticing liquidity issues for NQ, I'd probably just start trading CL again. ES is a guaranteed $25 loss per trade due to the fact that you probably won't get filled without losing a tick, and NQ gets me filled at exact targets almost every...

TA works in every market.

It's easier said than done, I know. But once you recognize it's volatile/ranging, be a little patient with the entry so you risk less, and a little more impatient with the exit. Good luck!

Well maybe we don't try to make outright predictions everyday, but from time to time, the market tells you exactly where it is going..

I don't really like these kinds of cliches. There is at least one trader succeeding in every different way imaginable. Good technical traders know when direction is about to change. More volatility is just more potential money. Try to adjust your trading approach (take profits earlier) for...

seems he's trained you!

What were some of the things he taught you?

Well the way I see it, it's just about realizing where the market trend is going on multiple time frames, and then figuring out where the next trend is beginning on the time frame you are trading. The market moves in nonstop waves and I trade short term (daytrading) so I look for shorter term...

Thanks for that. I like this guy; he doesn't bullshit, and he trades purely off of technicals, so you know he knows what he's doing. It's great to see someone like that who wants to help others out too, honestly very rare. Honestly, I saw some general videos on YouTube when I started with it...

I was taught with the MACD, and so I only use exponential moving averages and MACD. I've never needed anything else, so I haven't bothered learning any other ones.

maybe because cars and socks aren't (usually) investments? indicators are great.

I'm guessing you know how to read a chart

If this is an epiphany I would love to hear your day to day ideas.

Of course. You could have done that shorting NQ today!

After all this time, people still think you need a crystal ball to see these moves? :rolleyes:

Shame is a great brokerage, I love their software

Thanks! I did not know they offered all that, wow

That site looks interesting, I will check it out. Thanks!

I do know some basic C++ (though I don't like it much ;)), and I will check Ninja Trader out again (barely used it in the past). Do they allow you to load historical data and do anything you want to it directly on it with your own code? And can you test strategies live on there as well, without...