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Moving into more advanced trading?


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  #1 (permalink)
 
JMoniker's Avatar
 JMoniker 
Georgia USA
 
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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?

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  #3 (permalink)
 
trendisyourfriend's Avatar
 trendisyourfriend 
Quebec Canada
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JMoniker View Post
...It's been okay...

The question is really good however, it would be nice to define "It's been okay". You are a break even trader?

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  #4 (permalink)
Ozquant
Brisbane Queensland Australia
 
Posts: 220 since Aug 2017
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"" 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

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  #5 (permalink)
 
TraderTS's Avatar
 TraderTS 
Texas, USA
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: AMP Futures w/ CQG Data Feed
Trading: ES+MES+TechStocks as of 2022 Previous: ES GC CL [4MES2ES as of 2019MAY] and [4MGC2GC as of 2021JAN]
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Ozquant View Post
"" Unlearn everything you have learnt and start again ...

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
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  #6 (permalink)
 
MiniP's Avatar
 MiniP 
USA,USA
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JMoniker View Post
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?

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
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  #7 (permalink)
 CosmicC 
Metairie,la
 
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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.

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  #8 (permalink)
 
shortride's Avatar
 shortride 
Merced Ca USA
 
Experience: Intermediate
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Broker: Datek :)
Trading: Futures
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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.

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  #9 (permalink)
 
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 michaelleemoore 
Missoula, MT Nɫʔay(ccstm)
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CosmicC View Post
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.

Algo lines from whose algos? Say more.

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  #10 (permalink)
 CosmicC 
Metairie,la
 
Experience: Advanced
Platform: TOS
Trading: Emini ES
Posts: 7 since Oct 2018
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Draw lines from low to low and high to high on any time frame. Place trade when candlestick touches line or breaks a line.

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Last Updated on November 6, 2018


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