A question to people that don't "believe" in TA

buy1sell2

the more often than not is the problem........more often is weak percentage.......emotional trap.........the oscillators real defec t is the fact that they lockup/down when overbought oversold on strong trend move.........more often than not........too much to watch/see/hear/ becomes a distraction..........emotional trap.......
 
i am not sure what u mean.

yes, making money is important. but u can't make money if u don't protect your trading capital

as for limit order. do i sometimes NOT get filled on a position?

of course. the only way to ensure a fill is a market order (ie buy on the current ask).

that's fine. as soon as u realize that u will not catch every move the market makes, and every point it oscillates, and u learn to manage risk, and let the market come to u, i think u have a more realistic strategy for making money in futures trading.

but that's me. YMMV

i go over every trade with a fine tooth comb afterwards, i wrote a 40+ manual that i consult, and i am exceptionally organized/anal in my approach.

i have found that, in the long run, costs COST.

using limit orders significantly improved my results.

the emotional urge is to 'chase'. i try not to give into it. if i miss a move or two, i'll live. but my entries and exits when i do get filled are logical and high probability.

that's how i do it.
 
entering at your price does not mean low risk high reward is only yours because the market hit your target........if u enter a trade at let's say 10000 and i enter the same trade {sell} at 10003 or 99997 and it runs 20 pts in our favor how is yours better than mine......ur trade is really no better than mine..but a few good ones a day with multiple contracts can't be denied as anything but beautiful.........the difference is I am seeing it as a sell at a low risk RANGE not point so i don't miss equally good trades much of the time as limits do....we usually use limit orders to get the extremely best entry we can to avoid scary stops........my trades are extremely high percentage trades as i have tested enormous hours and volumes of notes, trying not to keep anything that didn't work....file 13.......one chart only is needed to do this stuff......when u get to one short very robust system that can be written in no more than 1 page u will be really rolling .....keeping huge information tells me u might be an engineer like my brother who trades with me..or u just simply love this stuff like i do...... ..that is good until you discover it is too much information for a simple task.....buy low and sell high.........with the trend .. ...YM intraday only speaking........no offense intended or taken....hope u make millions trading.........
 
"entering at your price does not mean low risk high reward is only yours because the market hit your target........"

i have statistically analyzed these setups, so i know they are low risk high reward. part of what makes them that way is that they are not based on "breakouts"/chasing.

furthermore, i know from experience, that if you use market orders , you are generally CHASING and chasing means entering a move AFTER it has started which means - you're late.



"if u enter a trade at let's say 10000 and i enter the same trade {sell} at 10003 or 99997 and it runs 20 pts in our favor how is yours better than mine......ur trade is really no better than mine..but a few good ones a day with multiple contracts can't be denied as anything but beautiful........."

in the long run, the spread costs you. that's simply math. anytime you buy the ask, you are starting off a bit behind the 8ball.

"the difference is I am seeing it as a sell at a low risk RANGE not point so i don't miss equally good trades much of the time as limits do....we usually use limit orders to get the extremely best entry we can to avoid scary stops........my trades are extremely high percentage trades as i have tested enormous hours and volumes of notes, trying not to keep anything that didn't work....file 13.......one chart only is needed to do this stuff......when u get to one short very robust system that can be written in no more than 1 page u will be really rolling .....keeping huge information tells me u might be an engineer like my brother who trades with me..or u just simply love this stuff like i do...... ..that is good until you discover it is too much information for a simple task.....buy low and sell high.........with the trend .. ...YM intraday only speaking........no offense intended or taken....hope u make millions trading....."

hey, like i said YMMV. what i have discovered is that entering limit orders and getting better fills (on entry and exit) improves my bottom line.
 
as i said........what works for you is great..........but if i told exactly why i use market orders i would be saying too much..........if u r trading a few times a day u r not scalping most of what is offered by the market.....Your style of trading is the best for conservative trading......still the goldmine if traded properly.........i had to step up to the next level due to people trading with me who refuse to wait for best entries as you do....is your style wonderful..........yes it is.........it is the smartest way to trade..........for most............i had to go beyond that to keep my people coming in my direction......... one is engineer brother who was extremely successful in other business and quite the obstinate pupil...........other is young and thinks she is too smart to accept my stuff ......because it is my stuff, not hers.....daughters can be like that....tomorrow i hope u trade well make more money and if i don't it won't be attributable to system.........never is..........realtime realmoney proven too many times.........by the way, a lot of spread concern is alleviated along with slippage when fills are lightning fast........... and price is still moving in opposite direction of trade........
 
for speed entries, i find that using IB's book trader and taking the ask (on a long) is very fast.

i have perceived at least a slight lag when using Bracket Trader for order entries. when setting a limit order 2 to 100 points below the current trading level, a slight (millisecond) lag is ok. the order is gonna sit there for seconds/minutes/hours.

when scalping the Nikkei and playing a MM strategy, i always use booktrader for slipping in and trying to buy the bid, sell the ask.

i have a bracket trader and book trader open @ all times for YM

in the rare occasion when i need to jump in and take an ask, I will use book trader.
 
the price always comes back to my entry point........or i don't trade.........many thousands of hours have revealed what is and what isn't going to happen.....more often than not...market order is not chasing....if entered correctly....depends on timing of entry.......and accuracy of system........including fill time.........intraday YM ES NQ only.........
 
look. a lot of the time, if you don't preenter a limit order @ price X, you can't get a fill @ price X.

iow, there are a certain # of trades on the book @ price X.

relatively often, a price will come down to Price X (and in the case of the long) maybe 1/2 or 2/3 of the limit buys at that price will get filled, and then the price will move up

this is why, among other reasons, i use limit orders. if i don't get filled - groovy. but quite often i will get filled at a price that never WAS the ask , so it could not (no matter how quick you were) be filled on a market order. similarly, when i set a limit order to exit (part of my position) upon entry, i am getting in early, so that again this price may never even BE on the bid or not until some serious other gyration occurred that would have stopped me out

this is especially true in Nikkei.

in the case of limit orders that sit for days (at certain key price levels), this is more or less true as well.
 
ym trading........intraday............online trading.........see the price hit the button.......bid and ask not issue......push the button and release with a fill of 1 or 2 seconds.......most runs are 15 20 pts....all of the above is irrelevant for me........including my posts as well...........i buy low and sell high........a YM intraday run is easy for 15........so not getting filled at a specific price doesn't matter .....i enter in a range.............tell me where i am incorrect...and why i should care where in a 5 point range i get filled if i know almost each time where it is headed and when as it moves from that range ......almost every time.........i could be wrong sooner or later, but 5 years later and i am not totally slow learner.........just don't have to enter at specific price YM intraday to capture points ............specific range yes........
 
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