Your trading strategy for Futures
- Thread starter karnak
- Start date
Hey karnak,
very similar thread :
(few days old)
https://www.elitetrader.com/et/threads/is-there-anything-like-a-best-trading-strategy.354676/
very similar thread :
(few days old)
https://www.elitetrader.com/et/threads/is-there-anything-like-a-best-trading-strategy.354676/
What timeframe charts do you like?
What's a good hold time to be in your trade?
Hi! I acutally read this thread but I want to open seperated, more crypto related, because I have feeling that crypto is pretty wild west. I hold few BTC and around 30 ETHs for a long time, but now I want to start trading on futures a little bit
Hmm, for what I'm looking most scalpers use 1 or 5 minute charts so I think I might start here? But I'm open for any suggestions
everybody looks for strategies
that is why 95% lose.
i traded like you for 15 years.. then i found Brooks.
you have no idea of how the market moves......once you know how it moves what the strategy should be ,buy or sell ,is obvious
and if you do not know that then even though you know when to enter ...you will have no clue when to exit...and more importantly why to exit.
so you will always exit too early or too late and you will get frustrated : people will tell you cannot predict markets.
books will describe set ups....but will not tell you which set ups you should not take... they only say trade with a stop....
brooks also has set ups but that is all described in first chapter so it is left to the reader to figure why he has written all the chapters that follow.
it took me 13 years to understand him.....
it may be because.. i am stupid or he did not explain properly
.
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be that as it may..
.it follows the same price action rules as everything else...i trade btc gold audusd.....if i remove the label from the charts i would not know one from the other.
i do not think anybody would
so you think scalping is using bad strategies?
scalping is taking high probability trades with big stop[risk] and small target.
that is scalping.....
not what you are doing.
this the mistake people make...they have no strategy, no clue ,so they think they can make money trading for small profits.....what they mistakenly assume is scalping.
it is funny if it were not for the fact that a lot of hard earned money is lost by this misunderstanding
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How long have you been at it?Hmm, for what I'm looking most scalpers use 1 or 5 minute charts so I think I might start here? But I'm open for any suggestions
What have you tried so far?