entry time : 10:31:47am ET
entry price : 2776.50
stop loss : 2774.00
target profit : as mentioned targe RR 2.5 or better
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Ups and downs trading
- Thread starter Alfing
- Start date
entry time : 10:31:47am ET
entry price : 2776.50
stop loss : 2774.00
target profit : as mentioned targe RR 2.5 or better
entry time : 10:31:47am ET
entry price : 2776.50
stop loss : 2774.00
target profit : as mentioned targe RR 2.5 or better
You are very kind. What other futures, beside ES and YM, do you watch?
You've described it well! It's not on the print screen, but that's exactly what I am trying to do. I use M15, M30, H1, H4, D1, and now W1 to find levels of S&R for TPs. I am still learning though. Any tricks or tips that may help with finding those S&R?
TF overflow, you will go nuts using so many of them, especially as a newcomer. Two max for the time being, say Daily and 15min. With so many TFs you will run into conflicting reads which will make you feel like you dont know wtf is going on, keep it simple.
TF overflow, you will go nuts using so many of them, especially as a newcomer. Two max for the time being, say Daily and 15min.
You're right again! I look through all those at the beginning of each session. Usually have M5/M3 on top (largest) and D1/H4 and M15 at the bottom.
Why start on es and not ym?
My first foundational book on trading happens to be Brooks' "Reading Price Charts Bar by Bar". He trades ES on M5. To keep the experiment clean, I try to follow to a tee.
For some reason, YM graph in NinjaTrader 8 looks exactly as ES. Need to check with their support.
Carefull not to end up like a certain poster here who spent 10 years reading price action bar by bar with nothing to show for it.
That's definitely not where I'd like to see myself in ten, or even one year ;-)
Any particular advice on how to avoid it? Vote by putting in real money in setups? What else?
I have not read any Brooks nor am I a consistently profitable day trader. So I am not one to give advice.
Looks like it is the majority on this forum. Let me paraphrase the question. How do you avoid becoming an academic trader?