A real trader posting real trades to benefit newcomers.
- Thread starter yc47ib
- Start date
All the charts I posted include all the technical indicators I use. No vol., MA, SMA, MACD, etc., my charts are simple. The toggling of time/tic/vol frame is the trick, i.e., see the big pic and small pic all the time.
Many traders can not make money is because they lose the holistic view at the heat of the battle. You have to trade a style fit your capital size, risk appetite, risk profile, temperament.
Trading is a game in which you learn about yourself and harness yourself, your weakness and strength. Many new comers think they like to gamble is their strength, but it is actually weakness.
A few words about GC, there is a chance we are seeing a multi-year bottom here, will play along the trend up if this is the case. The daily reversal is indicative.
RTY, the lesson learned here is it is more dramatic than even NQ. Play to its character and be conservative in buying and selling price target.
CL is moving up, and the hedge is looking to be out today, if not, next Monday, and once out, will double up on the short side, and this time might look for an option to hedge. Stay tuned.
Happy trading friends, and have a great weekend and see you Sunday night.
A few words about GC, there is a chance we are seeing a multi-year bottom here, will play along the trend up if this is the case. The daily reversal is indicative.
RTY, the lesson learned here is it is more dramatic than even NQ. Play to its character and be conservative in buying and selling price target.
CL is moving up, and the hedge is looking to be out today, if not, next Monday, and once out, will double up on the short side, and this time might look for an option to hedge. Stay tuned.
Happy trading friends, and have a great weekend and see you Sunday night.
RTY has turned into my bread and butter instrument. The increment granularity of .1 is nice for using limits and stops: I use both for entry plus limits for exit, stops for catastrophic-only exit. Contrasted against NQ .25 tic and the NQ volatility (which I luv btw), RTY is dare I say very easy to manage. I find a RTY 3 minute chart to be a sweet spot, for me.
For controversy, I'll mention my brokerage allows $250 intraday margin for RTY. So double size intraday versus NQ. On "normal" trading days, I don't miss NQ at all. Thus far today, RTY RTH range is 15.8 points (158 tics), certainly less than NQ, but with double size and lesser risk.
FWIW, there are naked POC's at 1749.0 above and at 1677.6 below. These are nearest. Just sayin.
Thank you tiddlywinks for the input, appreciate it. Could you explain the meaning of naked POC? Thanks.
Simply, POC stands for (P)oint (O)f (C)ontrol. It is one piece of Market Profile.
It is a price (horizontal) where a significant (quantified within a context) amount of volume took place, that price is yet to revisit.
Since you do not use volume (in any form?) POC is likely not of use to you. I however use volume extensively, but only the naked POC component when it comes to Market Profile. POC's in my work, are magnets, particularly useful as targets on stronger or longer duration intraday "trending".
It is a price (horizontal) where a significant (quantified within a context) amount of volume took place, that price is yet to revisit.
Since you do not use volume (in any form?) POC is likely not of use to you. I however use volume extensively, but only the naked POC component when it comes to Market Profile. POC's in my work, are magnets, particularly useful as targets on stronger or longer duration intraday "trending".
This thread has been helpful possibly because your method of constantly adjusting
buy and sell points keeps me from making stupid trades. I worry about correlations
of your futures. The US Iran sanctions are going to remove 1 million or more barrels
per day off the market so shorting crude can't be a good idea. A large pert of the RTY
components are energy companies so RTY and crude are correlated. Also ES and
NQ are correlated. I am not sure how to deal with this.