What trading method should I dive into?

JUST USE THIS ONE TRADING METHOD.

it is a challenge to describe in words.
anyway ...
always follow the herd !!!

be in the first few positions of the herd.

Never ever be in the last few positions of the herd.

If the herd goes north, you go north.
If the herd goes south, you go south too.
If the herd is going nowhere, don't trade!


Don't read the book about herd mentality.
It is a badly written book.
 
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Specterx said:
Speculating in the financial markets is an extremely poor use of your time & resources. It's far easier, cheaper and higher EV to invest in learning a useful skill, or starting a real business.
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Hello Specterx,

Start a real business is very hard as well and waste of time and resources if you get a wrong. You can still lose money.

Trading is a good thing.
 
I would not do swing trading using price action. In real like, market order books do not hold much depth. Most large investors are not trading screens because average liquidity and volumes have declined. Much of what you’re seeing in price is randomness.
 
SweetMaryJane69 said:
Hi all, I started looking into Futures market in March this year, it seems very attractive to me. I mainly focus on ES. In the past, I have swing traded stocks. I don't think I'm a complete newbie. But here I'm asking about how to get started. I have been trying to find and focus on a general method of trading. From all the free resources I can find online, I have come to an conclusion that the following methods might worth my time.

- Price Action (i.e. Al Brooks, Pats) - This is the method I'm leaning towards, but anyone has any success using Brooks method? I know Pats system works(tested myself, but it is so easy to miss entries as market moves so fast.....)

- Orderflow/Footprint (Axia Futures/Michael Dalton/Trader Dale) - My opinion is using orderflow alone to trade is extremely hard(Still feel like gambling), but it is quite useful for indicator/trade confirmation/SR.

- DOM(Jigsaw) - Again, fast moving method, vulnerable to spoofing(saw 1000+ limit sell orders far away from the last price the other day in ES market..... LOL) but I see some traders successfully use it to trade Bonds. I don't mind looking into bonds as well, but again, trying to see what the community has to say.

Please drop a comment. I appreciate any suggestions and civil discussion.
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All three are good and worthy of one's investment of time, depends on whether a particular method resonates with you.

Al's video series is easier to digest than his written material. His constant reiteration of concepts help to assimilate his perspective of the markets.

The Axia courses on Volume Profile and using the Footprint tool are great resources and will give objective data on the dynamic interaction of buyers and sellers. Best to assimilate in that order. Very meaty, lot's of depth and illustrates principles.

Trading the DOM is more advanced and the Jigsaw courses are very good as well.

It's important to study and fully assimilate the information presented and not just gloss over the material. In subsequent re-readings, one will pu information that will surface that wasn't perceived in the first pass.

Cheers!
 
tomas262 said:
Very hard to beat cost of trading micros when taking small profits.
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Hello tomas262,

You are right about that.

I learned the hard way trying to scalp micros, the broker commission and exchange fees tore my butt up.
 
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