Turned off Futures

[bone]

Thank you for the encouragement. These are the types of trades I can bang out all day long and make money...

but for some reason... I cannot do it on futures....

I’m really confused, because in another post you confessed to using a different (and new for you) strategy:

It was long then short

But, I way over traded and was using tick charts for the first time too.

In stocks, I use daily and hourly to define trend then enter or exit on the 5 minute.

But in any event I think it wise to stay with a comfortable trade if it’s profitable. I wish you good fortune!

Postscript: I’ve met many traders who traded futures intraday using longer time interval charting.

 

[jmp470]

I’m really confused, because in another post you confessed to using a different (and new for you) strategy:



But in any event I think it wise to stay with a comfortable trade if it’s profitable. I wish you good fortune!

Postscript: I’ve met many traders who traded futures intraday using longer time interval charting.

Bone,
I have had success utilizing both the ichimoku cloud and MFI on stocks, so I thought I would try them on futures. Like I said, it didn't turn out well for me.

However, I did change up the types of charts I was using with it. My normal trading is letting the daily dictate trend, then wait on the hourly to get over sold. In all honesty, I was afraid of holding futures longer, even when I had an excellent setup. This could all be because of my lack of experience with them. I can see myself getting back into them, but much slower.

 

[bone]

Bone,
I have had success utilizing both the ichimoku cloud and MFI on stocks, so I thought I would try them on futures. Like I said, it didn't turn out well for me.

However, I did change up the types of charts I was using with it. My normal trading is letting the daily dictate trend, then wait on the hourly to get over sold. In all honesty, I was afraid of holding futures longer, even when I had an excellent setup. This could all be because of my lack of experience with them. I can see myself getting back into them, but much slower.

I think you are most wise in that you honor and respect your trading “comfort” zone. That is very mature insight that will serve you well.

 

[Ates]

Hi

To be able to trade futures, you should at least have $10.000 ($20k preferable) in your account. Assuming that you risk 1% risk per trade. ES 1 tick is $12.50 so 10 tick stop will cause you 1.25% loss.

Futures trading is risky. Even trading micros is risky... This is my opinion.