Dinosaur question

[tenthousandmen]

Quote from earlyred:

I have been successfully intraday trading for years, particularly the Russell on short term timeframes. What once was profitable has changed due to High frequency traders. I can't compete with robots.
I feel like Fred Flintstone in the age of George Jetson.

Almost certainly not the case. Sorry to speculate on your situation, but HFT is a dead horse beaten on by mostly losers. You need to stop blaming other people if you're going to be successful.

To start, you should check if your time frames are wrong. Your notion of not being able to compete is 100% hogwash - there are sky scrapers (literally) of other traders making money on 20 second data. If you've been trading as long as you have, your system is also obviously bust or needs tuning. Don't be so naive! You've been around long enough to be able to handle these sorts of things.

 

[murray t turtle]

Quote from earlyred:

I have been successfully intraday trading for years, particularly the Russell on short term timeframes. What once was profitable has changed due to High frequency traders. I can't compete with robots.
I feel like Fred Flintstone in the age of George Jetson.

I see others on this forum having the same issues that I am. My question is this. I am a pattern trader who reads a chart extremely well. I need markets that are well behaved, that as yet are not being slammed /manipulated by the bots of the High Frequency traders.

Does anyone having any suggestions (excluding forex... I like daylight hours) where the market structure is good so a dinosaur chartist can still trade profitably and earn a living?

I am open to any and all suggestions on markets....thx in advance

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Yes,E red.

An elephant is related to an extinct wolly mamoth;
thats simply a scientific fact.

IBD[William O Neill ]noted its impossible for an elephant to get into a bathtub without notice. Thay leave tracks sometimes also.

I like to game bird hunt for fun, food-thrill ,chills, excitement, faster than 50 mph, much faster in windy weather.

But to answer again your question, turtles, elephants eat well;
but not fast, they feast...IBD also likes a 200dma

 

[Eight]

Quote from bln:

You say you trade on chart patterns. Can you not move up to a larger time frame where the noise from the HFT does not show up. The same patterns that used to show up on 1 min resolution should also be seen on the swing level (5-min -> 60 min) right?

+1

markets are fractal in nature..

 

[Handle123]

Quote from earlyred:

I have been successfully intraday trading for years, particularly the Russell on short term timeframes. What once was profitable has changed due to High frequency traders. I can't compete with robots.
I feel like Fred Flintstone in the age of George Jetson.

I see others on this forum having the same issues that I am. My question is this. I am a pattern trader who reads a chart extremely well. I need markets that are well behaved, that as yet are not being slammed /manipulated by the bots of the High Frequency traders.

Does anyone having any suggestions (excluding forex... I like daylight hours) where the market structure is good so a dinosaur chartist can still trade profitably and earn a living?

I am open to any and all suggestions on markets....thx in advance

I think cause you trade a market that is skiddish to start, has much less volume than ES, you are going to have to change either timeframe or add another filter, perhaps time. You can wait for the breakout on usual timeframe then lower timeframe to find an acceptable entry area.

The methods I use to trade Russell are waiting for a Thrustbar, then retracement, sure I miss entries that never come back, but the slippage would be half my desired profit, and most of the time price will retrace anyway.

I just don't like all the risk trading breakouts as they seem to be in areas of HFT?

 

[murray t turtle]

Quote from ScoobyStoo:earlyred

I think there is a logical flaw in your thinking. There is no such thing as random price movement. Unlike the pikers that regularly shoot their mouths off here, those market participants large enough to affect price do not make execution decisions randomly. Just because you do not understand it does not mean that it is random.

The market principles of supply and demand remain as true as they have ever done. How can they not? A market is simply the meeting of participants with supply and participants with demand to transact with each other.

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Good points,SS.

Sounds like nickname Early Red used the wrong word ''random'' ;
& he meant undesirable more so than random

Speaking of '' undesirable''. While SIF are liquid to be sure, diversified to be sure.... frankly any experienced trader could find something that trends better than SIF,, like some ETF...