Forgot "New Concepts in Technical trading" by Welles wilder. Old book but if you want to understand indicators start here. Launched my trading in...
take it for what it's worth I've been doing this for a little while and it's kept a roof over my head. a boat in the yard and the wife happy so I...
10 ticks up/down is level 2 quotes and I have not found or heard of anything different other than block position holders you can research through...
1 minute chart for opening bell on ES (futures) after that 5 minute and after 3pm 1 minute when bond traders migrate from stocks to futures.
A little tidbit on ES breakouts that I have noticed... When trading into resistance or support and up pops a large quantity of traders like 1k or...
Don't quite understand but am comfortable with what I do and keeps roof over my head for some time now.
Block traders or market makers blow it up in the mini's!
Look for " New Concepts in Technical Trading by Welles Wilder" get a full understanding of this book and understand there is no bluffing in...
Agree ! With all the news infusion and global unrest I just can't wrap my head around anything past day trading. Just my personality .
Agree on all points $10 a point on ES may be able to work. Or simply trade NQ instead of ES.
That puts the ratio at over 10% per trade against account. @ 100K Not realistic
Good point on the Big Boys (bond traders and market makers ) Frankly I think there is no longer a need for market makers, nothing short of boiler...
I trade 1 ES period. Institutional traders generally block trade the mini's and this guy is no trader.
Trading 4 S&P Mini's and 3 Dak's would require a cash account of around 100K and from the statements you have made it is very clear to any real...
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