Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
I am back on futures.io (formerly BMT) after a long hiatus. Long story short, I moved and switched jobs and didn't have a chance to trade for several months in 2013, but I'm back in trading mode and happy to be catching up with everyone here again!
While I was away I received a few messages from people asking about the tick chart setup described in this thread and whether it's still working. I've been having good success trading ES using this basic setup on a 1600 tick chart.
My trading approach changes depending on volatility and other macro conditions. Generally I will favor with-trend trades when volatility is low, and will favor countertrend or "reversion to mean" trades when volatility is high.
Over the past few weeks volatility has been increasing as the market has sold off a bit from the all-time highs. Right now, conditions are good for countertrend trading. I will put together some screenshots and try to describe what I've been doing in greater detail later today.
I tried today CL & TF in Simulated trading and out of 12 trades 9 of them are winners with this method. Profitable, but my 3 losing trades ate all the profits. I have to work on riding the winners. Also, should strictly follow your entry rules. I am violating the entry rules a lot. Thanks for sharing all the details. Good luck in your trading and very eager to see you continue the trading and posting the charts. I will work on creating the strategy soon for this approach and will keep you updated of the outcome.