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Savant

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Posts posted by Savant

  4. Posted

    You are right. Most of the trader loss in the trading because of their lack experience or lack understanding the trade.

     

    The problem is that people wanna have action instantly and feel like in the movies where someone gets a lot of money in very short time. But in reality that will not happen :)

  8. Posted

    you are still trading and that is the most important if this is what you want to do.

     

    i am back guys. and for good. lots of family stuff over the past year(s). we can go into that later.

     

    trading success really takes only one thing. discipline.

     

    but discipline does not mean going down the wrong road blindly.

     

     

    That really sounds very well. Like some old pirate who goes on the sea after some time. I am rookie but like people with writing style like yours

  10. Posted

    Well, I'm not going to do any live trading until I can consistently profit in simulated trading with the same margins and commissions I'd be using live. So that 2.5k may never get touched at all. :embarassed:

     

    And yeah, at this point I'm not even doing that much sim-trading. I'm just backtracing all the historical data I have like watching a movie, and devouring any reading materials and theory I can find.

     

    That is also my philosophy. Cheers

  12. Posted

    Yea can you define "multiple time frames"? Yea yea silly question. Its multiple time frames so how complicated can that be? Are you trading 1 sec, 5 min, 10 min, and 30 min and using moving averages on the ES? I bet that wont work. How about 1 sec, 1 minute, 5 minute moving averages on the ES? I bet that wont work either. How about 1 minute, 5 minute, and 30 minute with moving averages. Good luck with that too. The point is that there needs to be a bit more info to be able to give an accurate answer. I think Tams said every one looks at multiple time frames and I think he is right (not exact words by the way). If your time frames are too far apart then you will end up getting in too late. Simple enough

     

    Another thing If you are waiting for "When larger time frame participants trade in one direction" you wont be trading very often and you wont make that much. That doesn't happen often and is more of the minority of the time. Most of the time it is the smaller time frame guys that move the market. The ES anyway. I am not sure about options and stocks but my guess is that its the same over there. From your post it looks like you are doing it backwards. Instead of figuring out where and when the big guys are doing OTF buying figure out where the short term guys are at.

     

    About that scalping thing. Basically someone kind of already mention some of this but scalping is taking 100-200 trades in 1 session for 1-2 ticks. The retail market has distorted the original definition and turned it into something else. I guess if you are taking more then 3 trades a day or you are not pulling out 10 points out of the ES then you are a scalper. I doubt that there were ever any real scalpers in the E-Mini. Chances are if you are against more then 3 trades a day, shooting for 10 points, and are not looking at least days out most likely you are not making good money. In the major future markets anyway.

     

     

    Thank you for that info

  14. Posted

    Some of them are realy good.. which one is your favorite and most useful? Thnx!

     

    here are some links of few good books:

     

    Encyclopedia Of ChartPatterns 2nd Edition - Download Encyclopedia Of Chart Patterns, 2nd Edition.pdf

    JackSchwager-Stock MarketWizards - Download Jack Schwager - Stock Market Wizards.pdf

    SCHWAGERJackDTheNewMarketWizards - Download SCHWAGER, Jack D The New Market Wizards .pdf

    Fooled by Randomnesshttp - Download Fooled by Randomness.pdf

    TheDisciplinedTrader - Download Douglas, Mark - The Disciplined Trader .pdf

  21. Posted

    Volatility index is very low, that's why the market is extremely complacent; we can say that it is confident in the short term outlook, but very cautious in long term outlook.

    What do you think, is trading safer in short term in should it be more cautious in long term?

    Is VIX that useful in gauging perspective?

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