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Hi everyone I'm PowerBroker. I wanted to start a thread for PA trading and hopefully get some mentoring on trading PA in ES. I have been trading and learning trading for 2.5 years now. I have traded live at 2 different times and got FUBAR both times.
I am trading a 2000 tick chart and my system/method is only trading key entry points off TL and a 21 EMA. I do not use any indi's at all. I use the ATR to determine what my stop and PT will be. It requires a looooot of patience and that's what is the hardest part of ES.
I look forward to being a part of futures.io (formerly BMT) and learning more than I already know. If you are looking to mentor I would ask that you be a LIVE trader.
For all the newbie's who might be lurking. I encourage you to DO YOUR EDUCATION.. Ask questions in here and learn from these mentors.
THANKS in advance...
PowerBroker
Can you help answer these questions from other members on NexusFi?
In a recent survey about webinars, a lot of members expressed interest in learning more about the elusive "price action" that many traders talk about and refer to.
It is my intent with this thread to try and document price action from my point …
So I have renamed this to be a journal, and moved it to trading journals, if you want to share your own trades.
The main price action thread will remain as above.
Thanks for letting me know Mike. When I click on the above link it posts a message saying I don't have accesses. Are all of the best info threads in there and you have to pay for them? Is that right?
Today's trades (3) were all winners. I am done and it's 930am. I made 2 mistakes in that I did not change the quantity in the chart trader to 10 so I ended up with less than I wanted. 3 winners and I am out today. I would have posted the chart however futures.io (formerly BMT) rules state I have to have 5 posts before I can post any charts or anything.. And we always follow our rules!! RIGHT??? I will post my charts as soon as I can then.
This morning's trades were good and I was right on my call's. That felt really good. I have been getting more and more CP the last two weeks of trading. My method is starting to come into it's own now. I will finish up my Mirus demo and then make a desecion on a new broker.. Anyone know a broker that does futures AND Fx with good RT and spreads? I'd like to trade both.
This mornings 1 trade I took was a -3 loss. I knew I had made a wrong call and pulled in my stop. Glad I did. my mind was a little pre occupied this morning and I should have NOT traded as I had a DR appt at 10:15am. I was a little freaked out. Nurse ratchet goes like 400# soft. You know you're in very deep trouble when she walks in snapping on a glove..
Lesson for newbie's: Always have your mind clear and fresh when trading.