As a Forex Trader, I find this market impossible

clockwork71 said:
Is there anyone out there actually making money at these markets without some kind of algo? I find the lack of liquidity perplexing to say the least. The sudden drops and pops out of nowhere make trading the futures markets difficult for me. However, I don't like to admit defeat - although I have blown several of these 'combines' trying to get it right.

I blew up again today - but am up 3% in my live Forex account. Has anyone here made the jump from FX to futures? If so, what was it that helped? I use to believe that technical analysis can help.....but it doesn't in these markets from what I have seen - at least not on the short-term charts - which is all you can typically afford in real life with the nasty leverage. Also, the lack of scalbility is an issue. (You can only double, triple, etc your size instead of adding 10 percent like FX)

Any thoughts?
Chris
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Yes Clockwork50+ 71;
except in many derivatives market$ [not all] ,i got the impression many had been reading the same trading books as me- not good or good profit for me. May not be liquid enough for daytrades- but plenty liquid for me+ pays trader a 1.6% yield, strangely; SDOW

Sudden drops + pops dont happen much on 5 hour/weekly charts.Interesting even Don Bright Daytrading Co hated 5 minute charts- too slow. :cool::cool:LOL + true.NOT a daytrading ad.

I had to pay a dividend when i shorted DAL....................................
 
clockwork71 said:
Is there anyone out there actually making money at these markets without some kind of algo? I find the lack of liquidity perplexing to say the least.

Any thoughts?
Chris
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YES; trade/invest something very liquid, unless swing /position trading. Another thing about lack of liquidity, tech analysis is defined as study of price + volume.:cool::cool:. Clockwork71/50, consider doing more than shorter time frame, for profit, unless you are addicted to action-in that case, no one can help you.

Clockwork71/50 Dont believe everything you read in WSJ. Great newspaper,almost as good as IBD[weekly]; but that article late 2018 of ''machines mindlessly selling, ruined the market'' unquote, that is nonsense. Every machine is programmed by someone. Actually i'm an action addict,also, but i channel plenty of that into research, not churn'em + burn 'em. Good question
 
fordewind said:
I`m using semi-algo min based system, also tracking VIX for a direction.
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i have done a lot of work with vix, spx, adv-dec, trin you name it and have never found anything really good without asking for exact details in general how are you using the vix?
 
MarkBrown said:
i have done a lot of work with vix, spx, adv-dec, trin you name it and have never found anything really good without asking for exact details in general how are you using the vix?
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It goes up you sell,it goes down you buy.
 
clockwork71 said:
Any thoughts?
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Hi Chris

My immediate thought is that your strategy needs work or its not suited to the current market conditions.
Perhaps it only requires a little bit of fine tuning?

Without knowing your strategy I cannot give you my opinion but in general the best trading filter is time.

Trading during certain hours of the day increases our chances of success.
May I suggest that you scan your charts and find out what hours are best suited to your strategy and the instruments you trade.

If you find that your strategy works best during Late London hours and you are not available to trade during those hours then you would need to look for an alternative strategy.
 
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