Funny enough, I did too. The problem is that I don't know what I don't know, and while almost everything looks like a scam, and I am in desperate need to quality info, it sometimes makes me wonder... are there legit courses out there or is everything B.S.?
I am not the person to ask about any strategy at this point in time. I am watching the markets and am aghast at what I see with the movements. It is nuts. The only thing I can possibly suggest is watch for the dip into the mid-morning session, followed by a rise through the close. That happened today, and I am not sure why, because that is bull market behaviour. And we are not back in a bull market until the Fed says we are with a pause.
I have been noticing this a lot lately on NQ as well. Price seems to flip mid-morning and then run a bit. Multiple days I could have taken 100, but the entry with proper stop is key. It's almost like once the initial morning frenzy is over it finally finds its footing and then sets trend for the remainder of the day (or next few hours at least).
Larry Pesavento. I see he's got a bunch of books. I'll order some right now off Amazon. Thank you. NQ is a beast. I feel like I could do really well if I could tame it. You trade Extended Trading Hours at all or just the morning US session? I've also been looking into Eurex products since I'm almost always up at 3am and trying to trade a US index at this time drives me insane, since it barely moves. I'm starting to get the feeling that I need to trade during highly liquid, highly active times and then once the volatility dies down just stop or go trade something else. So, in the case of NQ, trade 09:30 - 11:30 EST and then call it a day. 1-3 trades maximum. All else seems to be noise.
Best education is to sit along with successful traders. Don’t pay for anything else. It’s available for free. Books. Blogs. Videos. Articles. Forums …
Larry Pesavento's book is a master piece. His teachings helps to identify a buy day, a sell day or a reversal day. I trade what I see on the daily charts using 30 min chart for entry/stop/targets. No fear of intraday activity when I focus on the daily chart, as I know almost every reversal swings a minimum of 200 ticks.
There’s a guy called Pax (the pax group) He trade the 30s opening price range. Claims to be former CME floor trader. Didn’t subscribe but looks good from what I’ve seen. Linda Raschke is interesting, Qullamaggie, Jesse livermore, Axia futures …
My question is: how do you know what is bullshit and what isn't? The barrier to entry for books, videos, and courses is so low it feels like anyone can put out something and sell it. Thanks Mike. Good to know. I'll check out Pax as well Sekiyo. Thanks for the heads up.
I have attended about 10 paid trading courses. Out of these 10 trading coaches, 7 of them were unsuccessful hopeless failed traders. Of course, during those times, I couldn't tell whether they were successful or con traders. They are now hiding in don't-know-where.