BOSTON, MA
Market Wizard
Experience: Advanced
Platform: Tradestation, TOS
Trading: ES, CL, GC
Posts: 7,254 since Oct 2010
Thanks Given: 3,478
Thanks Received: 15,818
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Hi SammyD,
Big Mike and other members are right on in terms of stop back testing, coding, jumping from one method to another.
I did all of that , spent 10K on different educational programs. I was very through with selection of educational material but still no luck for year and half.
If you want to be a discretionary trader, based on my experience Mark Fisher method for day trading VOLATILE and LIQUID instrument is one very good option.
Like all methods, his method is not for everyone. I trade crude oil every day with Mark Fisher method along with Market Profile and ACD method has changed my life.
I maintain a trading journal " day trading crude oil without indicators" and have posted 100 charts over last 2 months. This method may be of help to you.
NOTE: I tried to help 2 of my friends with this method and they did not get anywhere. One has PhD. D in computer science and the other one masters in Math. They wanted to code and back test it. ACD can not be coded and back tested. It's a discretionary method which requires flexibility and confidence which comes with screen time. I have replayed every day of trading crude oil over and over again to get confidence, so it requires lot of screen time.
Good Luck.
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