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hello out there
new 2 trading,this site, indicators and comments are great.i work a nother full time "job" , so like others time is limitted but hope i can give more input as i learn
thanks,
alonzo 73
Can you help answer these questions from other members on NexusFi?
from mike to mike (boggy2) nice to meet a fellow trader who has lost plenty of money and addmits it. I have come to the stage of trading gold futures and am currently trading the minis before i enter the full contracts. Have worked out that gold moves in fib ratios of price and gann ratios of time. I use time tuned oscilators like stochastics as well as bollingers. Starting to record more hits than misses now of late. What caught me out recently was leaving no stop on an overnight position. Yes, very dumb. Emptied my account very quickly, so as a unbreakable rule, i always enter a stop upon entering a trade. Hope to observe your forum as a place where proffesionals can meet and exchange ideas. Catch up soon, regards, boggy2
hi all I am new to all blogging. It took me hours to figure out how to do this introduction.
Thankyou Big Mike for this wonderful site.
I have been here a few times since joining 20 days ago but last night I got addictive to it and stay up till 5 am.
Just a thought but is there a Big Mike's Chat room somewhere that has a open mic for us to join ?
on Ventrilo or Pal talk or one of the others venues
Well I have just downloaded the new beta 19 and she is sweet. She has opened her eyes like a brand new baby for the first time to the world for me today.
I am quite new in trading and while looking around I found this wonderful page. I really like the idea of sharing knowledge, unfortunately I can not program anything so possibly I will take more support than I will be able to give.
Nevertheless, thank you very much right now !
I am from Germany, and plan to trade e.g. YM, ES, FGBL, FDAX with the NT on a daily basis. Maybe also CL as BigBoss BigMike seems to do so. Hope I will find the exit from the volatile CL if necessary.
Mike, recently found your site, joined as an elite member and I am enjoying all it has to offer. Thank you for starting such an indepth forum like this! I have been a struggling trader for the last 5 years. Like so many struggling in this game of probability, I spent a fortune in ebooks, courses, ready-made systems and methods. One day in a moment of exasperation, I tossed out all my lagging indicators, black-box systems, fancy dashboards and the rest of the stuff that had created a deep hole in my wallet the size of the grand canyon.
Within the last year I have been reading books on market structure, price action, candlestick interpretation and volume as a leading indicator. This has led to simple multiple timeframe charts with a moving average and volume as my only indicators. Surprizingly, my trading has gotten better, who would have guesses??
In an effort to remain as indicator free as possible. I am hoping You or someone on the site can help me code a very simple(yet I think powerful) paintbar study for ninjatrader.
Paintbar
"if closing price is greater than previous 8 bar closing price average"
"if closing price is less than previous 8 bar closing price average"
On tick charts and volume charts, I think this is a good visual of momentum picking up, especially on a pullback.
Quick intro: Ive been trading for about 5 years, options for the first 3 and futures for the last 2. I have been consistently successful trading futures for about 9 months now. This site is a great resource for traders and has helped me along the way so I though I would start contributing.
I mostly trade ES and CL. Less so, ZN and 6J. I use a 512 tick chart with a fib retracement strategy on ES while its trending and 8 range bars for when its moving sideways . My only indicators on the ES is are daily pivots and highs/lows of the overnight and current day. I also pay a small amount of attention to traders audio pit squawk.
With CL I mostly read tape and watch a 1 min chart and use a 5 min chart for confirmation. I watch for participation in breakouts then monitor the consolidation for signs of continuation for an entry. Stops are always 15 ticks and targets are always 30 ticks. I never move my stops nor targets. Ever.
With all trades on all markets I go all in and all out.
If anyone wants to chat about CL or ES or anything else hit me up anytime.
great story got there for a short period had an accident and fell from grace been healing and almost ready to get back to work thxfor taking the time to post this
I am new here but not to the world of Forex. Needless to say I have lost far more than any money made. Still I persist and research in hopes of finding the Forex Fountain of Youth