@Bad_Badness Alright. It's an IQ test to reply to someone whom you've blocked only to put them back on block... as you can reply to stated individual on or off block. Second, since you've unblocked him you are unable to block him again as the feature has been disabled. Ostensibly anything you offer on the subject is GIGO. You were offended enough to block yet had to make an exception to help a brother out. How fcking magnanimous. Your dog is r*tarded.
Seems like you have given up on day trading. I day trade full time ~ 20+ futures. Although I day trade, I don't sit in front of the computer continuously for > 2 hours / session. These move just a little: XK XW XC I'd have it removed from my active watchlist. But Grains inter/intra spread traders like to trade those things. LBR - You might end up as the only one trading it. The rest of the watchlist looks great. A few weeks/months/years later, You might want to include MES or even long-term bonds (eg Bund, BTP, XUB, ZB) Long-term bonds is more volatile than short-term bonds. When there is rate-related news, Long-term bonds could move substantially. Good luck.
What's your definition of price action anyway? Do you even have a road map on where you wanna go with all this? If not, I suggest you go back to your day job and forget about trading because you'll just be going down the same rabbit hole as before.
despite probably pissing in the wind im going to continue. I am removing the micro russell from my list as it's just too fucking choppy i really don't see how anyone could stand trading it. MCL - short bias. downtrend on all relevant timeframes. approaching support in that ~$67 range. Going to wait for now as i feel like id be entering at the end of a move. MNG - no bias. month long channel price hanging in the middle. will look to fade the H/L of the channel pictured below. XK/Soybeans - hardcore downtrend. wheat and corn have bounced pretty hard but soy is lagging so i'm going to wait and see how it handles resistance@1039. MGC - gold is so strong. I took a position tonight, stop @ $2464. MHG - looks weak to me, sold one contract. Support @3.90 is concerning i'll just have to watch it close. LBR - Want to be short this but have to wait until tomorrow. plenty of meat left to be made on its way back towards 440.
price action = movement of price over time. no road map, just get better. there isn't any reason to plan if i can't make money in sim. probably same rabbit hole as before. haven't had a job since 2018 when I was 33 years old...the thought of going back is foreign feeling...borderline nightmarish. I would have been much better off financially right now had i never stopped working and never pursued trading. but trading has tested me beyond description and im a stronger person now because of it.
[Sigh] Well, if you wanna spend time chasing your own tail down the rabbit hole, who am I to stop you? But I can already tell you're on a collision course. Who trades 6 different futures, especially a noob? Why try to be a jack of all trades and master of none? Stick to one market and master it like the back of your hand.
When I was day trading I just stuck to CL. That makes sense to me as there was enough daily movement to more than get your nut. But I dont see an issue with watching a handful of futures if I am only making a few trades a week. And what better time to explore other markets than sim?
was right about gold, wrong about copper. more wrong about copper than i was right about gold so not a great trade. I exited the short copper at a loss and closed the long gold contract by accident so instantly reentered long @ 2545.1...held for a short time but exited due to sideways trash.
There's no going back now, better figure it out because you've tasted freedom and will never again accept living in a cage! For entertainment value, I'll try to state the obvious, as it all got distilled to me over the years: 1. There are trends and ranges, and ranges inside trends, and trends inside ranges, all visible on various timeframes. 2. Trading a range requires opposite inputs (more or less) than trading a trend 3. Where the curves cross (the range band) is where your wires inside your brain need to cross 4. Volatility is sometimes the clue that this is about to begin!
you're a good lad. keep punching. was in a similar position: left decent buy side gig at a top am firm after 10 years to 'trade' for a living. did that for 6 years with mediocre results then went back to the same co two years ago. two observations: 1. it's pretty tough finding a job with a big gap in your resume. you are used office furniture nobody wants. i had to lean on my past coworkers. 2. i was happier 'trading' for a living with mediocre results than ive been past 2 years back grinding a corporate gig collecting a paycheck. you gotta keep trying. what other choice you got?