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ktartarotti

Does Anyone Truly Make a Living Solely Trading the E-minis???

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We did our best in order to lower the cost of execution for our emini guys. We did it via Sierrachart so your entire cost is way below 2.00 per side (This includes execution, routing, etc) all in. I hope this saves traders on execution: Sierrachart using CTS Order Routing Please let me know if you have any questions. I would be glad to answer it.

 

Regards,

Matt Z

Optimus Futures

 

There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.

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I think the reason most people fail at trading is because they start trading before understanding basic, intermediate and advanced topics such as candlesticks, patters and any other technical analysis. I'm just now starting to study. And I KNOW that i MUST learn those things first. 

This is what my study plan is...

Learn Candlesrticks

Learn Candlestick patterns

Learn indicators

Learn when to enter and exit the market

Learn 2 systems and create a trading plan. 

I wont start trading until I've accomplished all the above. If I missed anything, please let me know. 

Edited by JohnnyFame

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1 hour ago, JohnnyFame said:

This is what my study plan is...

Learn Candlesrticks

Learn Candlestick patterns

Learn indicators

Learn when to enter and exit the market

Learn 2 systems and create a trading plan. 

I wont start trading until I've accomplished all the above. If I missed anything, please let me know. 

I think the top 3 are not going to useful to take money from other traders.  

I know this will sound vague and unhelpful, but the most sensible thing on that list imo is, "Learn when to enter and exit the market."

 

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I agree.  Technical analysis and candlestick patterns aren’t really going to help you IMO.  There are a number of guys recently who have proven they are profitable with verified 1099’s, and they all trade order flow by waiting for volume and delta imbalances and then trading against the guys who are “stuck”

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So you're saying that as a beginner, you don't need to understand the technical aspect of trading? If you dont understand what's going on on the charts, how can you trade successfully?

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That's exactly right.  There are no chart patterns really, it's just your brain trying to find order in the chaos.  Order flow will create certain similarities that show up in the charts, but they never develop in the exact same way, so in my opinion it's a waste of time.  You know what moves the market?  Orders coming in, orders going out, that's it!  I would focus on that.  When you have aggressive buyers who are stuck in a bad position, and aggressive sellers who are in a good position, that is fuel for a move down.  I would focus your research on those aspects of the market.  After that you will probably be able to put that information into a chart that uses that information and gives you an edge.  My .02 of course!

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There are a couple of podcasts that interview successful guys, and you can listen to those to see if any of those interviews inspire you to focus your research one way or the other.

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i started out trading the big 500 point sp's and then 250 and now 50 and mostly that is what i have traded with some bonds mixed in.  i have traded many markets about all of them but always come back to the es. 

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    • USDCHF Faces Further Weakness On Close Lower USDCHF faces further weakness on close lower following its past week losses. Resistance comes in at the 1.0050 level. A break of here will clear the way for more gain towards the 1.0100 level. Above here, resistance lies at the 1.0150 level and then the 1.0250 level. On the downside, support is seen at the 0.9950 level. A turn below there will set the stage for more decline towards the 0.9900 level. And then the 0.9850 level. Its daily risk is bearish and pointing lower suggesting further weakness. All in all, USDCHF faces further downside pressure on price pullback threats.
    • While at the gym today, I remembered that I passed on 2 trades this morning that both turned out to be high runners. I literally had the thought "this one is no good" as if I would know the future.  It's easy to overlook it but this is where the awareness and probabilistic mindset comes into play. I realize I have been trying to filter out losers instead of taking the setups. Next week, I will focus on taking all trades instead of filtering. 
    • I traded alot today. 9 trades, 8 losers and BEs, 1 runner that paid for them all. Gotta keep swinging! totaled 240 bps before commission. The first winner on W, I did not count - it was a mistake that led to profit. I felt like a machine, kept pulling the trigger, watch the 1min chart, see it doesn't go anywhere, take my small loss... over and over... then one takes off... Let it run... the whole time I was thinking I hope that the one winner will pay for all the losers. I was tempted to close out the winner early. I had no idea that the payoff distribution for this strategy would be so extreme - 8 tiny losses before hitting a big win. Pays to keep the losses tiny and keep swinging. 
    • Date : 22nd February 2019.

      MACRO EVENTS & NEWS OF 22nd February 2019.



      FX News Today Both Topix and Nikkei, declined during the Asian session, with -0.25% and -0.18% respectively. Overall, stock markets in Asia struggled through most of the session as subdued inflation data rekindled concerns about a lack of demand and flagging growth and after Wall Street closed in the red. News that US President Trump will meet with China’s top trade negotiator today in Washington seems to have helped Chinese markets to stage a late rally and CSI 300 and Shanghai Comp are up 1.76% and 1.51% respectively and the Hang Seng also managed to claw back losses and is up 0.11%. US stock futures are posting marginal gains and the April WTI future is trading at just over USD 57 per barrel. USDCAD rallied over 1.32 to 1.3225, as Oil inventories rose, with the US at record production levels. Oil price is now back around the $57 mark. Japanese CPI data same as forecasts, pushing the Yen higher. Charts of the Day


      Main Macro Events Today EU CPI Inflation – Core inflation is expected to be confirmed at 1.1% y/y while the overall inflation rate is expected to have stood at 1.4% in January. Canadian Retail Sales – Retail Sales are expected to have declined by 0.3% m/m in December, an improvement from the 0.6% declined observed in November. Mario Draghi Speech – The ECB President is due to speak to the University of Bologna where he will accept an honourary degree. Support and Resistance
       
      Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

      Please note that times displayed based on local time zone and are from time of writing this report.

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      Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!

      Click HERE to READ more Market news.

      Dr Nektarios Michail
      Market Analyst
      HotForex

      Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
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