Hi all, i do not pretend to be a pro trader, i'm certainly not, but i do have quite a bit of screen time on currency futures for the last 3 years, trading mini swings. The problem with this style of trading is, it can get a bit boring, that's why i've been observing the DAX for the last 3 months. This beast can certainly move!!!, i will start trading it live next week...see how long it takes to wipe my account out Reading this thread has been helpfull and i extend a thank you to the traders involved. This quote from JSSPMK sounds familiar: "My experiences up to now have progressed through 3 stages, 1st being - oh it's pretty simple (say bye to your money), 2nd - bloody hell I am confused here by sheer amount of information & 3rd - back to point 1, but this time it's a different 'simple', when you get to the stage of pattern recognition without having to think too hard about it, it becomes simpler and pieces start to click together a lot quicker.
Hi Baron193, I have the same question to you, how much time did you spend trading DAX on simulator and how is your performance? All sim trades will do for you is prove that you have a system with an edge and that you can actually execute. It is by no means will guarantee you you will be in positive on live account, but it is an absolute must before live trading. Regards, redduke
Hi Redduke, i did not have a simulated account for the DAX...however i beleive i do have a good understanding of how differently things work out from eyeballing a chart to actually trading it. I have a simulated account now, Ninja trader, so what i plan to do is take some of my best R/R set ups i see on the real account, and also practise trade the simulator on all set ups, to discover my perfomance overall.... The way i trade is pretty simple, an oscilator for congestion, support/ resistance lines on very short timeframes (1 min.) within larger timeframe set ups, fibonacci, trendlines, fibb convergence. Thank you for your reply, regards, baron193.
Gold, Crude and some fDAX today, good day so far, unusual for a Monday <object width="425" height="355"><param name="movie" value="http://www.youtube.com/v/Dtc58sTsTpE&rel=1"></param><param name="wmode" value="transparent"></param><embed src="http://www.youtube.com/v/Dtc58sTsTpE&rel=1" type="application/x-shockwave-flash" wmode="transparent" width="425" height="355"></embed></object>