New to t2w

Tommbstone

Newbie
6 0
I'm new here. Not posting much. Read a few threads.
I've been at FF for a long time but I'm tired of spot Fx
I want to learn to trade the ES. I feel like If I can find a way to get up at the NY open and just trade a few hours I'll be better off than chasing FX all day and night.
Or course I need to learn how to wake up at 5am. (I'm in California)

I was looking for some direction on where to start. I found this forum because I was doing research on Daytradetowin and the atlas line. Of course Google led me here. It seems not a lot of nice reviews on John Paul.

I did not buy anything from them. I'm still on Ninja demo and learning how to wake up. (So many years on trading the London open... hard to sleep early)

So if anyone is trading the ES with success maybe you could respond and point in the right direction. The net is so full of BS and I've found most traders are not on forums..they are making money and playing golf I guess. But maybe someone has a direction they can point me.
Again not new to trading just new to ninja and ES
Thx for the help
Tomi
 

LiquidGenius

Junior member
22 1
Can't offer you much help on the whole ES thing but welcome! and coming from California myself I know the pain of waking up at 4:30 to get ready for the trading day. Ouch
 

Tommbstone

Newbie
6 0
Can't offer you much help on the whole ES thing but welcome! and coming from California myself I know the pain of waking up at 4:30 to get ready for the trading day. Ouch

Yeah it's not easy. I find trading the London open on spot fx to be a little better but after 2 am I'm useless.

What markets you trading?
 

LiquidGenius

Junior member
22 1
I use to trade London open fx EU/GU/EJ, but I recently moved a bit further east so now being awake at that time is even harder! I'm constantly trying new things (because I'm bad and nothing works XD) so atm I'm basically trading pre-London open trying to predict the London/US wave. I wait a couple hours after Asian open and make a position and go to bed
 

Tommbstone

Newbie
6 0
Wow, we sound a lot a like. My fx trading is breaking even at best. Did binary for a year. That was a giant waste of cash.
The reason I'm looking at the Es is its fairly smooth and it has a good ny open. I would like to learn a one and done trading system. ..then go back to bed or work.
But seems most these mentors are all bs.
 

LiquidGenius

Junior member
22 1
Yea, it's tough finding the market you want to trade let alone the system. I've been trading for about 2.5 years or so now, I think I'll give it some more time before I move on to something else =p
 

DionysusToast

Legendary member
5,963 1,501
I trade the ES.

What is it you currently do on FX? Is it simply not working or do you feel you have something from there that you should bring across to futures trading?

I'm an "evil trading vendor" - so keep that in mind - but you could do worse than to consider the points in this video...

 

Tommbstone

Newbie
6 0
I trade the ES.

What is it you currently do on FX? Is it simply not working or do you feel you have something from there that you should bring across to futures trading?

I'm an "evil trading vendor" - so keep that in mind - but you could do worse than to consider the points in this video...


Evil trading vendor? hahah love it.

I was scalping and you know how that goes. You win 10 trades and lose a few and the large stops kill you. Now I'm trying to learn more price action. I've learned most indys lag too much and the party is over when I get in.
Aside from this I'm now only trading the daily time frame with spot FX. I trade off S/R and I look for engulfing candles, pin bars mostly. I have had great success with the lindincourt daily fx system. Its free and only one indy and it fall's in line with what I'm trying to do.

As for the ES, well it looks smoother than FX it has a defined open and close in the USA. I feel If i could learn to trade it via price action, I can get a one and done trade. Another reason for leaving fx or at least less than daily time chart is the nature to over trade. That has killed me as well. Having one small trading session a day I think will help me out more in the long run. BUT I could be retarded too. I like trading and I have the time to learn, just need the right coaching.

Over all i think I've learned a lot more about money management and what NOT to do. A brick under my desk keeps me in line. mess up and i smash my hand.

I will watch your video this weekend.
Thx for reading.
T
 

LauraRomans

Member
68 2
I trade ES since 1994 (use to trade the big S&P).

Also, just opened an account with Ninja but need to learn Ninja code (crossing over from tradestation).

Feel free to ask me specific questions. Perhaps we can learn together.
 

winner4x

Junior member
12 1
Mr. Tommbstaone, u r on the right track. Price action is the way to go. I saw someone wrote this "Indicators show u what happened in the past, price action shows u what will happen next". Scalping is fine as long as long ur stops are small so u need to make sure that ur entry is at the nearest SNR or at a breakout or an SNR where a decision has been made to break the range. SOme might call it "Role reversal" where support has become resistance or vice versa.
 

ricmcnfl

Newbie
8 0
Right now I'm trading /ES and doing lousy. Getting in late and then afraid to let the market "breath" much. My best trades have been trading range trades - horrible stuff.

I did a lot of studying and did great paper trading prior to going live, seeing some great profits and them losing a lot. Now I'm gun-shy. Typically see 7-8 profits of $12.50 to $50 and 2-3 loses of $200 +/- that kill the profits. Working on my management and timing.

Anyway, I was studying the information provided by Al Brooks. Do a Google and see if his material may be right for you. He has a long-winded, multi-faceted approach that explains bear & bull sides to everything. I feel better for having read the books, but not for listening to him explain the market live - he talks me out of almost every trade... (He doesn't call trades but instead explains the market) LOL!

I typically make a little when I don't listen to him if I stop when I'm up $100 or more (2 pts on 1 contract). If I keep trading, I usually break even.
 

Wheelock2

Newbie
2 0
Trading the ES

HI, I've been trading the ES since 1996. Best approaches for me are not to be watching the screen all day, nor to wait for End of Day prices. I divide the day into 3 time slots (resulting in 130 minute bars). From these times, I get price data and copy them into my spreadsheet at 8:40, 10:50, and 1:00. (I live in Oregon, so am on P.S.T.) Only rarely do I have to get up early (on the occasions that I need to place a trade at the open, then I would get up and place a trade at 6:30 a.m.).

There are a variety of moving averages that work well with the ES, but they work well for me when I divide the day into 3 bars, as I stated above. You can also divide the day into 6 equal time periods (65 minutes each ), but I find that then I have to be always coming back to the screens and spreadsheets when in actuality I like to have a more relaxed day and not have to "work" around the computer so much.

Specifically, using moving averages of the Median price is fruitful, and also using the Median prices from a calculated Heiken Ashi bar and then creating a moving average of that Heiken Ashi Median price will bear fruit as well. These are unusual ways to "tame the market" and help you to be profitable.

Thank you for your time.
 
 
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