[b]OLD SCHOOL TRADERS rules and strategies (PIT also welcome)[/b]

P.s. I also traded News and was 80-90% successful, easy and fast money, but broker I've used at those time, its "data feed", bugs in platform, was becoming worse and worse, so it finally becomes like driving Ferrari with VW wheels and I was forced to stop it. However very simple strategy helps to trade it if you are trading small lots.

Besides, Big guys who trade huge lots has really professional and comfortable entries where price almost always moves in their direction, because its just can not go another way, but that way.
So, I've started to try to learn more about that, why to worry about your wheels and whether you will be on the road or off if you can drive sitting on the back sit of Caddy ? :D

But, their entries still not the only reliable, because there are exists still good entries for smaller lot traders, which Big guys don't use due to their size.

+ anyone can learn poker rules and just gamble, but it's not mine, however I like poker :)

And the reason why that thread is started is because Big guys are brothers of Pit traders and "second" children of Old School Traders from which all started.

There is a lot of useless hype in trading like in each business, but
those who work a lot and want to learn finally get the info they search + hype in any business exists, just because weaker and greed players afraid their nuts will be stolen.
Great, that each business has its sources where all began and where necessary to start if want to succeed.

I'm newcomer, but not quite moron and hyped enough to fail understand that.

Krgds,
Andrew
 
IS NOT ACCEPTING MAIL FROM THIS SENDER
(I was sent email, but then seems was blocked by sender, so I can not reply to him, what I'm doing here)

Good day,

Thank you for your reply.
Glad to reply as follows :
(but many areas you are wrong cause you have no experience in trading) - Yes, agree, that's why I need to learn.

(Sticking a bunch of links for others to read is a waste of time) - yes, but, where to find "normal" info, to learn ?

(Have to ever thought that all the 95% losers are reading those same articles?) - I think that a lot of "wrong" info published about trading + sometimes info "correct", but newcomer not correctly use it or just lack of discipline to follow that.

(And the thread shows very little insight into how the markets behave) - again correct, I'm newcomer and have mistakes, that's why I need to learn.

(You don't want a trading buddy, it be like the blind leading the blind.) - Yes, may be, but what to do if you don't have somebody wise to talk to ? At least, 2 newcomers (if they are not complete morons), can figure out something that works, the probability when its doing just 1 will be higher + a lot of examples in history when 2 traders teamed up and did something very good.
(You are hoping to toss in some links in hopes of other good traders to give you a working system) - not quite, I'm looking for advices for example :
- don't trade opening or close or lunch time
- use 5 minute chart for ES
- watch higher lows, lower highs
- place stops 1 tick lower low when you entered long and 1 tick higher high when entered short
- watch walls in DOM
- etc, etc
For example, your advices already gave me a lot and in some part I look on the market differently ? Have you gave me your strategy ? No, but that advices gave me a lot.
That is what I'm looking for advices and collect them step by step, small peaces of big picture, doing so you can see that big picture.
Now I'm looking for book of John Hill, but unfortunately yet not found that.
Anyway, I'm forced to trade for living, what I have to do ? Give up, don't pay bills and die ?
So, yes with mistakes, I anyway trying to do my best to succeed.
I'm very thankful for advices you gave me.
If it's impossible anymore to write you with questions and you don't want disturbance, please advise.
Krgds,
Andrew
 
IMPORTANT UPDATE
FOR THOSE WHO THINK I WANT SOMEBODY TO GIVE ME WORKING SYSTEM
YES!!! :D I REALLY LOOK FOR THAT, THAT'S WHY PLEASE DON'T GIVE IT TO ME :)
What to add to above ?
All very simple if you are stupid enough to accept somebody's "working system" and you don't know that person, don't know whether it's really working system you will be in bigger troubles then just newcomer :)
Much more different story if anybody wise can give you simple advices, for example like :
- don't trade certain periods of market,
- don't enter position if you have not confirmation of trend or reverse
- be careful when change of contracts
- don't place stops in "wrong" places, otherwise they will be just eaten
- watch when light market and stops will be hunted
- etc, etc.
or can tell you if you are asking is that thing I'm doing or going to do is correct ?
That's much more valuable.

If somebody will give you fish - you will depend on that person
If somebody will tell you places where to fish - you will be depend on that person
If somebody will tell you - use that type of fishing instead of that, look for certain fishing places
you will be able to learn fish and don't depend on somebody, especially if it's better not to trust that person (not fishing profi) or it could happen so that this person will start to help you and suddenly disappear (moody guy)

Krgds,
Andrew
 
depends on car, road, circumstances, period of the day, quantity of other cars or you just driving from work to home or walking-driving.
If you drive from work to home in downtown where a lot of other cars main and the only thing you do - think
If you drive outside city on the weekend you still think, but mostly you feel the car, feel the road, enjoy both of them.
2 completely different styles of driving, aims of driving and results/feeling of that.

Krgds,
Andrew

Quote from SNBthetrue:

may I ask you a simple question :

When you drive, do you think or feel ?
More...
 
Quote from Spydertrader:

Start by focusing on the futures markets between the hours of 8:30 AM and 3:15 PM (Chicago Time). Stick with one market (for now), and after you have learned to 'see' that which the market has provided, apply that which you have learned onto any market you choose. Use an ES 5 minute chart (with Price and Volume only) to learn. This discussion might provide you some additional guidance.

Good journey to you.

- Spydertrader
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Thank you Spyder. Really...thank you for this.
 
Fleming good day to you,

Have you tried to make 1 pivot from both of your pivots ?

P.s. I liked your simple Pivots and "playing" with them seem it could give interesting outcome, will keep you updated.

Krgds,
Andrew

Quote from Fleming Snopes:

The floor pivot. Can't get any more old school and pitty than that.
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Quote from Andrewagain:

100 % agree
sometimes "small" hint like Spydertrader gave can help really a lot.
More...

Lol, theres a lot more than a "small hint" in there.
 
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