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Sorry if this is in the wrong area, but I cant find what I am looking for...
Has anyone found a Bar Counter Indicator for a Uni-Renko Bar for Ninja 8?
There are Range counters out there, but they dont work on Renko Bars. I just want something simple that will show me where my Renko will close at either up or down... Because these Renko have a wick, someone implied it is more difficult to program???? I have no idea how to program but its just simple math...right?
Could someone help me to get an indicator like this that I put in the link below and which determines the current bar projection Unirenko, I need please that in addition to mark the projection of the current bar as this indicator does, mark …
Welcome! I trade YM and try to record my results in my journal. You can follow if you're interested if what I'm doing day-to-day with real $.
Your troubles sound familiar, but hopefully the community here can help you work through some of that. I have found it to be an invaluable resource in my trading.
Hi Y’all:
At it since 01 – stocks first – then derivatives, with a flurry of FOREX somewhere in there. Made some, lost a little and so far have not managed to blow up an account. On-again-off-again due to a busy day-job, from which I have cashed my chips. Primary platform is Sierra Charts trading short-term scalps in ES/YM/ZN/ZB/ESTX50/GBL. Would like to learn other markets. My edge(s): Order Flow, intermarket divergence, Crabel’s ORB, with a heavy dose of an old ‘trading educator’ from Austin, TX.
That's a really tough story you tell here, be proud of yourself that you did not give up and are still giving your best to make the most out of your life. You still follow your dreams.
On the other hand, I can sense a lot of emotion in your writing. Determination is good, but keep in mind that in trading you've got to stay cool even after multiple punches in your face and the market screaming "no boy, not today!".
I think you know what I mean, I think you already learned this in Poker and the 2 years trading at 17. Your high determination to succeed and the will to figure out the markets is great, but in front of the screen there is no place for emotion. Try to attach your emotion to the process, be proud of yourself if you have sticked to your rules and don't give a damn if you get beaten up 4 times in a row but the setup was great.
You got the fire, but in front of the screen keep that fire controlled and walk that path like a professional.
Hope with this post I could help a little on your path to become a professional trader.
If I can give 1 tip, from somebody who has been around the block before.
I admire your tenacity with it, but living in the all or nothing situation is dangerous.
The more you are invested in it financially the more emotion is invested in it,
and you will constantly get the wild swings.
Put yourself in a position that you choose to trade, not "my life is dependent on it".
Which could mean taking a stable job or having some stable income.
Without stability it will be a very difficult journey and it does not have to be.
Hey, I just read your post... I suggest you to take it really easy. For what your write, it seems as though your are really good in "pumping your ego" and motivate yourself. This is great for any entrepreneurial ventures, for sales, for motivational speaking etc. However don't try to apply this to trading.
Trading is about taking rationale decisions.
Then you say you found the "holy grail", don't be naive... nowadays you are competing against algorithms and robots that are programmed by brilliant minds. You have no formal education, don't believe that you are a genius and if you are a genius, don't believe that others are not.
Be objective about your potential! take an IQ test to chekc your level of intelligence, it will put things in perspectives.
Ok you made a few bucks with poker, but in poker you cannot lose what you don't have, in trading you can lose far more than what you put in your bank account.
It takes years to learn trading. I don't want to put you down, everyone can learn, but don't think you are more motivated than other traders are.... you don't know how much they are motivated.
Also, consider the scenario in which trading it won't work for at least a couple of years.... this might be a trigger for your alcohol addiction. Be very cautious.
Even though there is some truth in what you say, the part of the "All-or-nothing is the only kind of bet which makes sense" is rubbish.
You are literally putting your life on the line whether you will make it in this career or not.
Its like saying this audition on pop idols defines me as a person.
The only way you will make it in trading (in the long run) is if you define your worth to be more than a trader.
Only when you find stability in yourself will you
-> be able to make rational decisions,
-> and when you make rational decisions only then
-> will you be able to survive the drawdowns and only
-> once you survive the drawdowns will you be profitable
If you have an account of $30 and losing $10 will feel massive in your world.
You already mentioned you have a fear of losing money. FOMO - fear of missing out is another daemon that will drive you to bad trades in your current state.
And also on my side - theres a lot I havent mentioned about how I've go through the trenches of life and learned these things.
Best of Luck, but learn to take it slow.
Its going to be ok.