ES futures are, of course, the best trading vehicle in the business and trading them is where beginners should be focusing their attention.
https://www.elitetrader.com/et/thre...tions-on-their-way.376667/page-3#post-5912451 then try trading NG. It is slightly less choppy and has a very good day range.
No. I would recommend price action more. But truthfully, there is a lot to use and you need to find your own method. Just do it on SIM until you can get consistent and sustainable. The latter is the harder part and best to use scripts to achieve.
hmmm. a different view from mine. I hate Audusd - the day range is only 0.3% By comparison, the NG day range could be 17% Since you like non-volatile things, then you should try food / agri futures. eg corn, soya, wheat, rubber, rapeseed ... It is highly non-volatile / non-flammable / inert.
I agree there are smoother instruments, TN for instance. And yes, to there is easier ways to make money, risk adjusted. Heck swing trading stocks in one of them. And yes for beginners thinking they can master it immediately, they will be disappointed. Maybe back in 1990, but not now. But I would opine, that it is a great way to learn quickly on sim, especially now the markets are in transition post rate adjustments. As for me, I am profitable but not sustainable manually trading. I can make money for a few weeks, then I start to churn. So I am creating an algo based on heuristics of what I do but can't sustain. Never really "went back to the drawing board", but added more intelligence, then again and then again. I got more to add, but will do it after this next version. Last version was BE with making about 3K, single contract over 7 weeks. I figure if I can get the Algo to do a profit factor of >3 on ES, and scale, then I will move on to TN.
Thanks. I agree. In fact, after 3 months of profitable day trading I am going back to paper day trade because I don't know why it worked. I need to quantify and capture the methodology otherwise it could simply be luck.
Aloha @padutrader , How has your trading and funded account been going? When I hear whipsaw, i think range behavior, which is where brooks really pays off going both directions IMO. Volatile moves, false breakouts.. “buy low, sell high, scalp” What timeframe chart are you trading off of? Have you been doing more scalp or intraday swing trading? Are you still using brooks methodology?