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)
Then i show the 15 minutes chart, find SR levels, and figure out some detailes trading ideas. I don't like to tie my own hands too much, because I will not be able to keep my rules. So these ares just advices from me to me.
After this, i ready to trade. I watch the market, and try to find entries.
Can you help answer these questions from other members on NexusFi?
My entries based on the WilliamR% indicator's EMA slope clolor changing. Here is one short. This is a countertrend setup, i should use tight targets...
I thinking about MM in TST Combine. Just some silly math.
I want to survive least 9 days consecutive losses. A TST Combine is 20 days long, with 9 losing days and 11 winning days i have more than 50% of winning days.
So, during the 9 losing days the max draw down is $1500, daily 1500 / 9= $166, 16 tick SL with 1 contract / day or 8 tick SL with 2 contract / day.
In the worst case i have 9 losing and 11 winning days. I must use least 1:1.64 R/R to make successfully the combine:
9*(-166) + 11*x*166 = 1500;
x = 1,64
I would like to pay just once for the combine, this is the reason, why i made this calculation: i must develop my system to work in these conditions. (the $145 for the 30.000 combine is brutal price for me, this is quarter of my monthly income... )
I start a new demo attempt to trade these rules, i would like to post my trades and experiences.
You seems to have good trading strategy.
Yes combine fees are expensive for eastern europeans.
I recommend to open account with Oanda and you can
trade CL via CFD contract USOil as low as 0,0088 EUR per tick.
Thank You very much Your advice!
I tried trade with forex brokers, and i have some live account at Exness, XM, XTB, Ava... In the last times i traded DAX successfully, and made some money, but it's very hard to grow the account to a "living" level.
I started my forex account with $100, i must doubled 7-8 times to growing to a normal capital (100->200->400->800->1600->3200->6400->12800->25600...). I know, there are peoples who can made it, (for example Forexsaint in FF form), but i can't, it's too hard to my mental habit. So this is the reason, why i change to futures and to TST. My goal is to become a full time trader, i think it's easier with TST
There was two trades. The first based on break out, but the top pickers wins agains me
The second was a trend continued trade. Both was with 8 SL and 16 tick TP.
No more time to trade yesterday.
Today i can't stop my losses , i reached -320.
2 dummy trade, and 1 no dommy but failed trade.
the 2nd and 3rd trade not was good,
2nd: round number before TP
3th: just silly trade
first:
second:
The third was just fight with the market. No real reason, why i opened this. The Market was stronger
Total:
I try to hold my MM rules Monday better. And i make a checklist with some aspects of the trade, maybe i can better filter my entry.
Today I spent a lot of time in front of the machine to wait for a good movement, and at the end i lost my patience.