Hey there, I'm new to trading and I'm going to start trading energy futures. What proven system and set of rules do you follow when trading futures and can you suggest for me to use that can help me adapt to any market changes/conditions?
Here's one you may be interested in: http://www.traderslaboratory.com/fo...yckoff-law-supply-demand-auction-markets.html
Hello DBphoenix, The link with the Straight line aproach pdf document is a very interesting read. For me it seem to sum up all the nerve wrecking question I have when I am in a trade - not being sure if the range will break to the up or the down. I have try to scalp the e-mini on a 1 minute chart with very mixed succes. (LOL) Anyway thanks for sharing a great document... Pjort...
NoDoji has praised Al Brooks , and, if you were to read his book : preface, page 7 ( ) " the most common successful reversals first break a trendline with strong momentum and then pullback to test the extreme..." I think it is best to read Al Brooks, then Volckmann if one wants to fully understand what NoDoJi says.
I like to look for new levels during globex and then wait and see if they're revisited during RTH, if they do get traded again there are some really nice 'rotational' set ups.
Sorry to say this, but any "off-the-shelf" strategy you will come across in the public domain will not work, for the same reason as Coca Cola would turn down your request for their recipe...makes sense?