really good points, for me also due the PDT, i transitioned into futures. Isn't forex more expensive interms of commission and buying the real time data feeds. Also whats the best pair to trade, i am also located in USA. east coast.
But once you are a scalper its hard to let go off that edge, longer moves have corrections, stagnations and stop runs etc which as scalper i am not comfortable with. Or in other words have no balls for it. ha ha
you have mentioned scalping as your main strategy, but if you wait for all signals to align before getting into a trade then i don't think it would be scalping. for a few ticks move i do not need price to correct or price to behave irrational before coming in line with the trend. You just trade...
for me i have something like that going on with ES. I have not ventured in Forex but would like to try that market also, in not so distant future. Why did you guys choose Forex over ES? any particular reason?
So far was a great day. My risk was minimal and profits were not bad. I have traded a lot less contracts then i normally trade. Was able to stick to my risk management to the T.
Unless you trade longer time frames, for me a public lounge or place would not work. Too much distraction, rather would pay for an office place and trade. Sharing wifi and strangers peeping over and asking questions just to pass the time are all distractions. Trading is not a social event or...
Does your expertise work in all markets namely ES. CL. TF or is it just confined to forex. Cos all markets are based on buyers and sellers and demand and supply.
Do you guys still use the edge ?? or has it become a second nature to understand the market and get into trades without waiting for signal confirmation?
how are so many people able to trade different markets? i trade mainly emini and during the RTH there is always so many trades just in emini, that you do not have time to follow other markets. Closest i can trade along with emini is the CL but that would be an either or situation, but i really...
For me it was on 04/03. had my first red day after a very long time it feels like even though it was only over a month. end of day i was down $15 and some change but i was up by $1200 when i felt cocky and kept adding to my draw down. Ego issues, looks like i am long way from where i want to go...
yes makes complete sense, just Validates my trading strategy. I guess i will just have to get the galls to play long term on certain trades,I think its inscripted into my being to take profits. (a small Green is better than any red) I will just trade as i do now and let 1-2 trades with the...
Thanks everyone, but i think my plays since are very short duration, i am sure its best to manage the trades manaully. I do not hold a trade for more than 5 minutes. It will be very difficult to break it into smaller bits to be coded. Momentum, exhaustion, indicator Signals, price movement...