A Professional Approach to Trading Futures

[steven46]

Hello nero

I recommend that struggling traders begin by looking at the free YouTube videos available from Dr. Al Brooks,
from Trader Dale, and others including Ross at Warrior Trading. If that is sufficient, they will not need me.
Professionally I am impressed with Trader Dale's method of using Volume Profile, however I am NOT impressed
with concepts like so called "Smart Money". In my opinion, they are attempts to monetize systems that are
dubious at best.

As far as buying books, that is just fine too, however it costs money and because we are all different, some people
may not be able to learn from books alone. For example I have read books by Dr. Brooks, and I find them difficult
to follow. I heard one of his associates say that he "suffered through" some of his books. I notice that Dr. Brooks has
a website (Price Action Trading) and a daily chat room that is subscription based. I would look at the YouTube videos
first and then think about buying his books or joining his room. Conserve your money first.

Here on this website, I have posted quite a bit of content, and some of it may be of value, if read slowly and carefully
No cost there. Recently I have started to LiveStream my daily trading on Twitch. I am new to this, and am still working out
the details. My LiveStream is called "Steve46Trades". No Charge for now. I just want struggling traders to see how I
prepare and how I make decisions. My system is much different than any that you will see, because I was taught by
an institutional trader. I use different language, and a different way of "framing" the market. An observer might think
"Well" how different can he be from others?" and the answer is "like night and day" I suggest traders go elsewhere
and see what is being offered in other threads, and other websites, first. If they find success, how fortunate, no need
to return to this subject. Ultimately we will all be just fine.

Good luck

 

[nero1]

''''''''''I don't believe there are many edges to retail traders, we don't have inside information. An indicator, open source and available to everyone cannot provide an edge in my opinion.
Please, please, everybody bear in mind that professional traders make their money from one of a few ways, either a cut of the spread, a commission on trades, arbitrage or a salary as a liquidity provider.
There are very, very few professional (or retail) traders who make consistent money from directional trading.''''''''''
Thats what JASON 101 said and he knows very well markets.

I

Thread 'For those using technical analysis, which indicators have actually stayed reliable for you over time?'

Nov 29, 2025

I’ve noticed that a lot of traders constantly switch indicators when a setup stops working for a while. I’m curious about the opposite: the tools that have stuck with you.

• ImogenBeaumont
• Replies: 20
• Forum: General Trading Chat

• 

Ten years ago in my thread it was the moderator TRADER333 said '' hedge funds cannot consistently out perform the index''

I will add that institutions generally,are either investors, or they are insiders or they trade in one direction mainly in the bullish side always, becouse if they try to trade both sides they will go bankrupt. And generally institutions are not proffessional traders,so the term pros trade that and this is a false statement

 

[nero1]

Hello nero

I recommend that struggling traders begin by looking at the free YouTube videos available from Dr. Al Brooks,
from Trader Dale, and others including Ross at Warrior Trading. If that is sufficient, they will not need me.
Professionally I am impressed with Trader Dale's method of using Volume Profile, however I am NOT impressed
with concepts like so called "Smart Money". In my opinion, they are attempts to monetize systems that are
dubious at best.

As far as buying books, that is just fine too, however it costs money and because we are all different, some people
may not be able to learn from books alone. For example I have read books by Dr. Brooks, and I find them difficult
to follow. I heard one of his associates say that he "suffered through" some of his books. I notice that Dr. Brooks has
a website (Price Action Trading) and a daily chat room that is subscription based. I would look at the YouTube videos
first and then think about buying his books or joining his room. Conserve your money first.

Here on this website, I have posted quite a bit of content, and some of it may be of value, if read slowly and carefully
No cost there. Recently I have started to LiveStream my daily trading on Twitch. I am new to this, and am still working out
the details. My LiveStream is called "Steve46Trades". No Charge for now. I just want struggling traders to see how I
prepare and how I make decisions. My system is much different than any that you will see, because I was taught by
an institutional trader. I use different language, and a different way of "framing" the market. An observer might think
"Well" how different can he be from others?" and the answer is "like night and day" I suggest traders go elsewhere
and see what is being offered in other threads, and other websites, first. If they find success, how fortunate, no need
to return to this subject. Ultimately we will all be just fine.

Good luck

In order to save people time i will say that they should not read al brooks books,not anything that he writes or say,
some concepts of price action are useful so reading a couple of books,can be useful not overcomplicate stuff like brooks books but generally price action is used by amateurs,so its not the holy grail that retails think it is.
Proffesionals in general dont sell courses, i have repeatedly said that again and again and again and i dont know how many posts
i will have to write that. People should never pay for education becouse they will just get scammed by legit scammers who sell
overpriced crap.

As for the multimillion traders who sell courses in the internet, cryptocurrencies have made many people millionnaires
if someone sell courses i can say for sure that they are selling overpriced crap.

 

[nero1]

In order to save people time i will say that they should not read al brooks books,not anything that he writes or say,
some concepts of price action are useful so reading a couple of books,can be useful not overcomplicate stuff like brooks books but generally price action is used by amateurs,so its not the holy grail that retails think it is.
Proffesionals in general dont sell courses, i have repeatedly said that again and again and again and i dont know how many posts
i will have to write that. People should never pay for education becouse they will just get scammed by legit scammers who sell
overpriced crap.

As for the multimillion traders who sell courses in the internet, cryptocurrencies have made many people millionnaires
if someone sell courses i can say for sure that they are selling overpriced crap.

There is a guy in youtube who is selling volume profile,in his ad he is saying that you should not use candlesticks and you should use his stuff becouse the institutions use these .
i laugh every time i see his ad and i imagine he is a multimilionnaire by now with all the victims he has sold his packages.
He is not a scammer, someone who sells for a few thousand dollars something that you can find with 50 dollars is legit.
What about patterns,patterns are used by amateurs,and all these institutional set ups etc are amateur staff,institutions are not proffesional traders.

I personally have predicted the major collapse of 2008 and the collapse of greece in 2009 just by volume and candlesticks,i have never read a book.
How much a couple of books about interprating volume will cost,100 dollars? If someone is lazy and have a lot of money from property to spend
he can always pay a mentor of course, it will cost a few thousand dolllars only and instead of losing all the money in markets he will help aomeone to buy an expensive car with his money,its a good deal,its like a charity...

 

[steven46]

Well there you go, a person who "personally predicted the Major collapse of 2008", just by volume and candlesticks!
Apparently we should all be learning from you..... Congratulations! You have come along at just the right time.
My suggestion is that you start a thread of your own and outline your method for forecasting the next crash
so that interested persons can benefit. We look forward to learning all about it.

Good luck

 

[steven46]

And Now, for those who want to move forward with my more "pedestrian" method
we attach our "2 Day Markup" and our 4 Hour & Daily charts

Based on these two charts, we will 1) Identify Regimes, and 2) create a preliminary
prediction. The prediction will be subject to revision as more data is generated during
Asia & London Sessions.
-------------------
Upon closer examination of the charts, we have the following comment

The most important features of today's price action were the absence of
a "Santa Claus" Rally, the drift lower on light volume during the open and
a late session break to the downside, resulting in a "liquidity sweep" and
gap fill. This late session sweep displayed characteristics of an "exhaustion"
move, and depending on price action during the next Asia and London
session, we could see a reversal. Concurrent with this, we saw a significant
MOC order imbalance of 111,000 contracts at 12:55 PST/9pm London time.
This imbalance could signal a "Drift" condition during the next London Session.
-----------------------

What the late-session gap-fill and flush actually told us​

The end-of-session drive:

• completed a measured objective (gap fill)
• occurred into thin liquidity late NY
• swept resting stops below obvious reference levels
• extended far from daily anchored VWAPs
• occurred with selling pressure into known downside targets

That is classic exhaustion behavior.

To confirm a possible reversal, we would need to see what we call "Reclaim"
behavior as follows

• failure to make new session lows
• higher low relative to the exhaustion print
• aggressive responsive buyers at yesterday’s low
• reclaim of NY session VWAP

If sellers were truly done, price should trade below value and get rejected.

Key institutional tell:

• Rejection below value → reversal likely
• Acceptance below value → trend continuation

Acceptance = multiple 30–60 min closes + rotation building value lower.

Reversal bias improves dramatically if:

• price reclaims session VWAP
• price reclaims prior day VWAP
• anchored VWAP from the recent high flattens then turns

If VWAP acts as resistance and holds, shorts still control.

How to trade an Exhaustion Move & Possible Reversal during
next session

• let sellers push early next session
• see if price fails to continue
• enter after:
  
  • VWAP reclaim
  • higher low structure
  • delta divergence
  • value rejection

That’s how institutions enter reversals:


Good luck

 

[nero1]

Well there you go, a person who "personally predicted the Major collapse of 2008", just by volume and candlesticks!
Apparently we should all be learning from you..... Congratulations! You have come along at just the right time.
My suggestion is that you start a thread of your own and outline your method for forecasting the next crash
so that interested persons can benefit. We look forward to learning all about it.

Good luck

I have done that, i have real live trades in my threads, and i am not selling anything ,i dont see live trades from you and i imagine i will never see.becouse its not good for your image.
I will wait to see how good trader you are by buying and selling in real time just like i have done, to show your ...clients that you are the real deal and not a snake oil salesman. You have got a lot to lose if you do live trades in here becouse people will realise your true value and not what you pretend you are.

Not a neverending buyer in a bull market ,show us how you make a living every day,you say you do it for 18 years, are you afraid?
You will show us a chart where you have bought and a chart where you sold in real time like i have done, We all here are waiting ...are you afraid to do live trades?