different time frame?

R

R33C0

Hi,

I started trading ((scalping) micro futures lately, and failing miserably.

It seems like every trade I enter, regardless if long or short, the price action changes direction before I can even make the per contract fee, and I have to close the trade.

I’m wondering if a different time frame might help. I’ve been using 1 min only.
 
R33C0 said:
Hi,

I started trading ((scalping) micro futures lately, and failing miserably.

It seems like every trade I enter, regardless if long or short, the price action changes direction before I can even make the per contract fee, and I have to close the trade.

I’m wondering if a different time frame might help. I’ve been using 1 min only.
More...

With a volatile market comes rapid price changes. If your stops are so tight that you can't make the "per-contract fee", then you are trading with 1 tick stops. Don't do that.

No, seriously, don't do it...

 
I heard you R33CO... some time makes you feel like they playing game with your trade only .. always they take ur stops and goes different way lol... trading futures its like going to war .. Always tell my friends to take much u can as soon u can .. because it will come back and take ur money .. just stay with low volume contracts until you get to know ur indicators very well .good luck ...
 
R33C0 said:
Hi,

I started trading ((scalping) micro futures lately, and failing miserably.

It seems like every trade I enter, regardless if long or short, the price action changes direction before I can even make the per contract fee, and I have to close the trade.

I’m wondering if a different time frame might help. I’ve been using 1 min only.
More...
Use the 5 minutes bars or more (per Al Brooks). Also avoid fast markets basically Gold or EQ, trade the spooz as the start. Also, watch Al Brooks on youtube on price action trading. Sometimes you need to be patient and avoid the choppy markets, but I know it is hard to do so.
 
R33C0 said:
Hi,

I started trading ((scalping) micro futures lately, and failing miserably.

It seems like every trade I enter, regardless if long or short, the price action changes direction before I can even make the per contract fee, and I have to close the trade.

I’m wondering if a different time frame might help. I’ve been using 1 min only.
More...
%%
YES/ RSI 33co;
but the Market Makers Edge/Joshua Lukeman includes 6 month chart$,1999/tech stocks, fractions+RSI.
RSI is so useless to me I seldom use it.I lost money on WCLD/LOL=its up about200%ytd, but letting my profits ride did not work well/usually does.
But TQQQ,sqqq,QQQ,upro/QLD/UPRO; have made much more money.
I made money on clix,ebiz but may or may not never trade those again.
1 minute =noise;even on daytrade============ i use 15/30 minute candles more/but I prefer profits; 1 minute/5 minute== losses== losses. But Tqqq /upro has management fee of about 33X qqq.......................................................................................................................It looks like more buyers came in wcld weeks LOL after i got out/LOL= thats life+ i dont like dead tech etfs when qqq is superstrong...................................................................]:caution::caution::caution::caution::caution::caution::caution:
 
Thank you all for replies.

Also, I’m looking for a less expensive (presently paying $2.25/side contract fee) broker to trade micro futures (I’m in USA) and would like to start a small account with $2000.

Any recommendations?
 
R33C0 said:
Hi,

I started trading ((scalping) micro futures lately, and failing miserably.

It seems like every trade I enter, regardless if long or short, the price action changes direction before I can even make the per contract fee, and I have to close the trade.

I’m wondering if a different time frame might help. I’ve been using 1 min only.
More...
I don't think 1 min is a good timeframe to learn on personally. Trade a higher one and use 1min to time an entry.
It just makes you make too many trades.
If you want to trade intraday try 5, 10, or 15
 
R33C0 said:
Hi,

I started trading ((scalping) micro futures lately, and failing miserably.

It seems like every trade I enter, regardless if long or short, the price action changes direction before I can even make the per contract fee, and I have to close the trade.

I’m wondering if a different time frame might help. I’ve been using 1 min only.
More...

There are thousands of reasons why trade failed.
best is you post your chart and indicate where exactly you entered the trade.
Then we can better understand how you trade.

Do not blindly assume it is due to choosing the wrong time frame chart.
at times, we have to use the seconds time frame chart!
 
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