I want to learn to trade futures!!

Quote from mike281:

Looking for mentoring help in futures in general. I currently trade electricity for my job (and have for about four years now). I trade in the Real Time markets which primarily rely on fundamental analysis rather than technical. I'm interested in learning futures and technical analysis, but would like to get some first hand experience with a pro before doing it on my own. I have read several books but haven't jumped in yet - not sure if that's good or bad?! Anyway, I live in the Pittsburgh, PA area and am willing to drive several hours if necessary to do this, if someone is willing. Please let me know if you or someone you know might be interested.

Thanks!!!
Mike
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From what I hear trackstar is giving out free systems, you want to send him a PM to see if he can help you.
 
Quote from bigarrow:

Bad analogy, trading and being a brain surgeon don't have anything in common.
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Really? Then why don't you explain why they don't have anything in common...
 
Quote from TraderZones:

Really? Then why don't you explain why they don't have anything in common...
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Really? Then why don't your explain how they are so common...
 
Quote from bigarrow:

Really? Then why don't your explain how they are so common...
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Everybody has a brain (almost everyone), and practically anyone can fund an account and trade (almost everyone).
 
Quote from TudorJones:

Everybody has a brain (almost everyone), and practically anyone can fund an account and trade (almost everyone).
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I was just giving TraderZones a hard time.
 
Quote from RedDuke:

Here is few advices (for intra day trading only):

1) Pick only one market and study it inside out. If you live in US and can not trade during regular hours. You have Hong Kong HSI futures, Nikkey 225 on SGX, European Eurex futures like DAX and Euro Stoxx and few others.
2) Stay away from spot forex, it is not a real market but a virtual trading world within each broker. If you settle on currencies CME futures on 6 majors are your best bet.
3) Pick a chart that is not fixed time fractal: tick, volume or range. The reason is that these charts only move when something is happening, where fixed time charts move regardless. This will make price action much clearer.
4) Spend a lot of screen time to learn price action from above mentioned chart. You can read Wycoff day trading bible to get better understanding of price action. It can be downloaded for free from many websites,
5) Settle on 1 or maximum 2 indicators. Price action is enough to place trades, but indicators will help you to interpret it better and faster.
6) Learn to interpret Market Depth, this will save you from entering against immediate supports or resistances and being shaken out of position too quickly.

Do not try to study all of this at once. Add one item at a time. If you need some additional clarifications and materials let me know. Good luck and enjoy.

Regards,
redduke
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This is your trading guide right here although my opinion on trading indicators are different than others; a good trader can trade with any tool regardless. TA, or PA... just spend a lot of screen time on both techniques you will be better off in the long run IMO.

sg20
 
i suggest you check out the AHG thread. It is huge so find the .doc summary.

That is free. There are some good paid services, I am currently with coiledmarkets.com and am very happy with it. Please no one call me a shill. It is run by ET member austinp and he also has some good free videos. It isn't anything too amazing or a guarantee that you will make money, but you will at least learn a lot. I am sure there are a few other good services but this is the only one I have tried. Most probably suck so do lots of research before giving them money.
 
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