How Long Did It Take You To Become Profitable?

[tab321]

It took me about three years to get my profits consistent

[Warren Forex]

	Quote:	Soultrader
	Hi Warren, I am also interested and would love to hear your methodologies or trading wisdom. From my understanding you are a fund manager? Although my forex knowledge is relatively new, my strength lies in the index futures. I plan on picking up Forex and looking forward to learning the markets from you.

In Canada I act as a Currency Trader Advisor for two corporations and a number of private investors. No license or government approval is required at present time as FX is NOT a security. I do not deal with the general public. Man Financial however needed to confirm my ability before accepting me as a CTA for their clients. Please note I bring my clients to them and then I just act as a CTA through them for my clients.

[Robert]

Still struggling to make it as a trader....

[feb2865]

Took me 1 1/2 year of constant reading and practice 'til my eyeballs hurt but it was worth it. I gained a lot of confidence and began to trade live when I understood the laws of supply and demand that rules the market.

[carter]

	Quote:	feb2865
	Took me 1 1/2 year of constant reading and practice 'til my eyeballs hurt but it was worth it. I gained a lot of confidence and began to trade live when I understood the laws of supply and demand that rules the market.

Nice feb. Thats fairly quick for any trader. What type of trader are you?

[feb2865]

	Quote:	carter
	Nice feb. Thats fairly quick for any trader. What type of trader are you?

Support/Resistance, Pivot points, tape reading. Basically the tools I use(and a lot of discretion). I trade ES (mini) and crude oil

[Soultrader]

	Quote:	feb2865
	Support/Resistance, Pivot points, tape reading. Basically the tools I use(and a lot of discretion). I trade ES (mini) and crude oil

Looks like we have alot in common feb. I do use alot of market profile. Never really touched crude although I have always been interested.

[feb2865]

	Quote:	Soultrader
	Looks like we have alot in common feb. I do use alot of market profile. Never really touched crude although I have always been interested.

well I'll take this as a compliment 'cause I admire your videos and coments . Crude has been good lately since price is been droping like a bomb. Pivot points in crude work almost like magic.

Market profile for futures is like trend lines and bigger time frames(4hr and up) for forex. The best way to make sense of trading. The software I use have this neat feature on the price ladder in which you can see how many contracts are traded @ any specific price. Maybe I am acting a little naive here 'cause I havent' try any other software with price ladder.

Regards

Raul

[Soultrader]

Interesting comment Raul. I may need to look into crude since you mentioned how its works good with pivots. Also what software do you use? In terms of price ladder, I am picturing something like the Tradestation Matrix? Take a look at the attachment.

[feb2865]

	Quote:	Soultrader
	Interesting comment Raul. I may need to look into crude since you mentioned how its works good with pivots. Also what software do you use? In terms of price ladder, I am picturing something like the Tradestation Matrix? Take a look at the attachment.

Yes is very much like that picture of Tradestation Matrix. I tried to make a copy of the ladder I use it but won't do it. The one I am using allows me to place orders off the ladder. The software I am using is Trade Navigator from cannon trading. The volume bars at the ladder(in your case the matrix) are one of the pilars of my trading. If I don't have it I feel blind. I've only been trading futures for like a year and 1/2.

Crude oil would be good as long it ranges from 58-62 a barrel Rigth now we're heading to a short rally maybe toping off 65-68 before will be affected by the laws of gravity