A Professional Approach to Trading Futures

[steven46]

I am done for the session and wanted once again to
post this for Trader333

The attached chart shows two (2) views, on the left
using 15 min candles, we show the Asia session as traders
"Lift the offer". For those who may not have the skills, this means
that institutions and professionals alike are buying the asking price
because they are aggressive (they really want to get long). WHY?
Because President Trump promised "Big" deal announcement and
the markets are "buying into" the possibility that he actually HAS
made deals that will reduce the need for tariffs. I am not a big fan
of this person, but what matters is not my politics, but what the big
Asian and Euro banks think, and it was easy to anticipate that this
is what would happen. My strategy was to get long WITH those
institutions and get paid during Asia and London, then to wait to
see what (exactly) the "big" deal is. I won't be trading the NY session.
So far I am up +40

On the right is the 5 min chart showing the London session. Same tools
Same approach, Same result.

Trader333, in terms of success, what really matters is accurate evaluation
of context (news), THEN, can you predict how markets will respond? Any
amateur who wanted to know in advance what might happen, only had
to check out the comments offered by Google's AI engine. It supplied
the information about the probable response to this event yesterday.
Plenty of time to figure out a trading strategy. Used to be that I had to
call "friends" to ask what they thought. No longer necessary.

The display is simple to figure out, the only technically demanding issue
is to learn where to anchor the tools. Once you have that in place, you can
see where the entries are, you get long, you hold to +10 and +20, then as
I have said previously "you get paid and you get out". That is the job.

By the way, this approach works like a charm for any index including FTSE
and DAX.

Good luck

 

[steven46]

I thought this necessary to show folks what I am doing with respect to
my simplified course of study

Trader333, you of all people have stayed engaged and you have the requisite
background so if you wish, you have a place in the class. Your prerogative of course

This is as simple as I can make it, and to be perfectly honest, while doing this I learned
that this is actually superior to the method that I originally learned years ago.

The trader engages at specific times and only if a "Template" is generated, suggesting
that the odds of success are high. Other than that they stand aside and wait for the right
conditions to occur. As mentioned, the real work occurs during the weekend, when the students
learn "Structured Analysis", which produces data as to "what worked" and (more importantly)
what looked good initially, but was actually institutions trapping traders (out of good trades
and into bad trades). By shifting the distribution of good and not so good trades, the struggling
student learns something quite valuable, and that is that they can make money in two ways
first by reducing losses, then by improving their ability to determine what constitutes a "good trade".
As they learn to do both, they also see that it is possible to create a viable business model (if that's
what they want).

My objective is to provide the tools and the training necessary to reduce the time it takes to get
to the point of profit OR if that isn't possible, to at least give the trader the knowledge that short
time frame trading isn't for them, and that it may be better to switch to a longer time frame or
hire others to manage their portfolio (if they have one).

Students who apply will be sent a questionnaire. I will require students to show a reasonable acquaintance
with math (statistics). I will also request information about a person's ability to accept risk. Those two areas
are non-negotiable (for me). Finally upon acceptance I will also require a signed NDA (Non Disclosure Agreement)
so that "students" do not engage in resale of my intellectual property.

This has been fun and rewarding. Trader333 it would be fine with me if after a short while you removed the thread
It is up to you and the administrators of this site. I won't be doing this again.

Good luck/Good bye