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I've been trading /es for almost a year now, and I'm starting to feel like all I'm doing is trading support and resistance. It's been okay but I feel like there's a lot I'm missing. Other than volume profile, support and resistance on different time frames, what am I not looking at that I should be? I see others talk about options and where puts and calls are, etc. For the more experienced /es futures out there, when you sit down in front of the computer to begin your day, other than identifying the trend and S&R, what are you looking at to help determine what your plan is going to be for the day? I mean this on a fairly micro level for day trading, not based on speculations of interest rates etc. Is it options?
Can you help answer these questions from other members on NexusFi?
"" Moving into more advanced trading? "" Unlearn everything you have learnt and start again . Work on the skillset to become a quantitative trader , learn price action , take every indicator you have on your charts away unless you know and understand the maths of it and what tangible price attribute it represents/filters . Not going to be a popular answer i know but the truth is confronting if you wish to be an advanced elite trader , It aint easy and neither is the journey
If you are happy to be a mediocre trader keep doing mediocre shit . Its easier to become a lawyer than an advanced trader
Trading: ES+MES+TechStocks as of 2022 Previous: ES GC CL [4MES2ES as of 2019MAY] and [4MGC2GC as of 2021JAN]
Posts: 454 since Jul 2014
Thanks Given: 281
Thanks Received: 389
Yes, that was exactly what I did and found my missing piece of the puzzle... Harmonic Trading Patterns.
I take ES "Drama Queen" setup trades like "nothing at all" now-a-day, 10 years later.
Find the missing piece of the puzzle... Let's be amazing, be awesome in trading today!
iTS
whats wrong with just looking at s/r lvl's? If it works then keep doing it, trading doesn't need to be fancy if s/r's lvls work for you then make it work its that simple... you might be getting bored because you expected something else well this is a boring game.
-P
"Truth is not what you want it to be; it is what it is, and you must bend to its power or live a lie"-Miyamoto Musashi
I have found trading the algo lines in the 1 min, 3 min, 1hr and 5hr to be best setup. Everyone is different. I can show you once I figure out how to upload.
I have found time profile to be as helpful as volume profile. On a 15 min bar chart I draw a box around every area where price hung out for an extended amount of time. When price moves away then returns to this area I look for a bounce.
Other than that, sounds like you do pretty much the same thing I do. Over the years, I have gotten rid of all the fancy indicators and colored candle crap. I don't even use colored bars on my bar charts, all I care about is the top and bottom of each bar, so why do I need it to be red or green, gray bars on a money green colored background.
Not only that but I pretty much ignore news, chat or advice from pros. Intraday set-ups on a 3 min chart that no one could have predicted seem to work the best for me.