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Short term trading of all major futures contracts (DAX, GBL, FESX, ES,...)
solely based on "price action" and simple trend analysis using charts ranging from 2-15 minutes, no indicators, with Pivots (Day, Week), some basic candlestick formations
strong emphasis on observing volume!
TRADING LAWS & PHILOSOPHIES:
(certain imho uncontested principles esp. for intraday trading):
1. to be profitable a trader has to consistently try taking part in the STRONG TRENDS
maybe at the expense of more losing trades, not possible to always filter out strong trends and avoid volatile phases -> TRADER HAS TO BE IN THE MARKET MOST OF THE TIME
2. the market doesn't wait for you until you are comfortably at your desk, ie if you are on a break when the trend starts and you miss it, you might not make money for the day
3. there's no perfect trading systematic -> big challenge for a trader is to consistently apply his/her method despite of that
Can you help answer these questions from other members on NexusFi?
EC is Looking like this so far
GC entry probably would have been good @ 1728 area this morning
missed that, was still sleeping -> discipline is key for success ;-) no excuses for that