currently i trade manually using automated signals. but i am going back to full automation latter this year.
The Day Trading Thread
- Thread starter MarkBrown
- Start date
currently i trade manually using automated signals. but i am going back to full automation latter this year.
This sounds great, can we see some trades? Whatever charts I see him post make no sense. This would be fine if there were trades, but there aren't any. When he has guys blocked who are literally millionaires, I have to wonder what side of being a trader expert he is on.
Your rule about liking guys willing to help is just dumb. You are very generous with your responses but you know you aren't profitable yet. So some new guy would more than likely not value your opinion.
Seaweed,
You are 1000% correct on this. I am done posting unless I am posting a chart with a trade or asking a question.
You are right, I don't have any opinions, comments, or advice to post. I'm done. You are right. I don't have anything to say cause I am not profitable trader yet.
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Honestly, I'm not sure if you are being sarcastic or serious.
I think you're a really nice guy who is honest, and that is less than 5% of the people here. But I find each time you ask a question, you get pulled into many different directions. I understand that you're trying to get help with what you're trying to do, but most here only know well what they are doing. All they can probably do is tell you what works for them. The worst is those guys who talk, and yet we have no idea if what they talk about they actually make money with.
The posts by some of these price action traders are quite good, and they are roughly the type of help that I think you are looking for, but its still not specific enough for you. I personally think that the advice about changing from CL to something like ES or NQ was really good because CL seems to be driven by many factors outside of just pure price action. But none of this helps you if you want to trade CL. Volpri appears to be quite good at trading via price action, but he heavily relies on averaging into trades, and with CL, the risk is much too high for a new guy to be trading anything more than just 1 contract. If you switched to the micro ES or micro NQ then you could put some of this into practice, but this of course means going away from CL.
So although I think you're right when you agree with me that you have nothing to say until you are profitable, I don't know if you truly mean this or are just being sarcastic.
Also, you have spent so much time defending Padu, and yet, I too have him blocked because its nothing but gibberish. If he is doing well now, he wouldn't care what anyone here thinks. But his constant spamming of all threads here makes me believe he still has lots of issues to work out.
In many ways, ET is actually a distraction when you're still learning the game and I hate seeing you wasting your time here when you're trying very hard to make it work.
Tom, YOU, are the distraction. PLEASE! Stop distracting people.
Thanks
Yes you right. I am done with ET posting man. Toooooo much distractions when I have things to go study and practice. The time it takes for me to post is time taking away from doing chart study and reviewing my trades for the week and spending time with market replay or outside excersing or other fun stuff. I be back posting when I am making money man in a journal. I have better things to do.
Thanks for the switch from CL to NQ or ES. I am going to really think about and try this. Never hurts to try.
Peace and chicken grease
sorry I am behind the curve......it is nice to know more are following demands of public
Thanks
Yes you right. I am done with ET posting man. Toooooo much distractions when I have things to go study and practice. The time it takes for me to post is time taking away from doing chart study and reviewing my trades for the week and spending time with market replay or outside excersing or other fun stuff. I be back posting when I am making money man in a journal. I have better things to do.
Thanks for the switch from CL to NQ or ES. I am going to really think about and try this. Never hurts to try.
Peace and chicken grease
when i was learning I was happy to be distracted rom the markets because it was distraction from my losing
and the jibes really helped me find my faults
and quite a few traders, including overnight told me quite correctly that I was making trades to show how smart I was...….it took me some time to understand this but I did eventually and it made me realise what to do to make me a better trader. a trader should trade the markets, not himself-no Warren Buffet did not say that..i did...he is not as smart as myself...he is only hell of a lot more patient than me ….or anyone else
if you can bear the heat keeping a public journal is the best way to improve. and I have never put anyone on ignore: 'keep your friends close and your enemies closer'
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I did a journal when I was blowing 3 accounts a week.....keep a journal and keep a stop loss these are the ONLY two things experts agree upon.
if you are too shy to keep a public journal, keep a private one
I did not keep one for 25 years and was not profitable.
I kept one and turned profitable
coincidence?
may be..... but I believe that it is the journal responsible for my success.
and I must commend you because you are the only one who has sensed that beneath all the shit in my posts..... there is gold.....that was intentional: like the girl who does not take off all her clothes at once.
and my trading results are proof of that.
you are unique....and I want to help you....you deserve my help.....but it is up to you to accept or decline.....pm me if you are interseted
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This is another reason I dislike breakouts or doing momentum trades, there is not such animal as momentum to be consistent, what is most consistent is better knowledge of recent price action and whether you should take the trade at all. I am very sure by doing back testing that the larger amount of stop you will have to use because recent price action Pivot highs are farther from your entry point more than likely reversion to the mean will occur. What we can control for most part is risk management which entails much. I believe you do these breakouts cause you think momentum is increasing but I think in term it is not after trend direction has gone approx. 40 ticks. I don't know if you noticed where you have the 40 ticks on the chart, but right there formed H&S low. So what you were selling into was a failure to take out the lows and formed a Secondary bottom.
Check your own journal of sim trades, find where the best trades have occurred should show coming out of tighter ranges. I find waiting for price to come down to limit entry reduces risk and extends profit possibilities. Also, check amount of swing averages, you be surprised that the average was completed before you put on that losing trade.
"padutrader", I had him blocked once before and again, even a clock is right twice a day, but he offers more aggravation to me cause what he shows is so often wrong, has nothing to do with doubling a small account. Do enough trades, eventually will hit win streak, staying profitable is tough.
Best going with NQ IMO, ES very difficult to trade for most, as it is more of a hedge of a hedge, it be easier to trades at night. But with any market, good to know swing lengths highest high before market turned down then to lowest low before market turned up.
Good luck.