Hi,
I've been trading for 2 years now and I still didn't find any "edge". I've traded stocks and in the last year I'm on the ES. I've tried every strategies that I saw on forums and books and never found anything close to an edge. HH/HL, S/R, Wave, Pivots, Countertrend etc...
I'm not asking for a strategy here, I just want pros to give me some hints so that at least I search in the right direction. This is the three questions I think will help me the most in my search for an edge.
1) What kind of r:r should I look for:
a) Scalping style (small target/big stop)
b) Normal style (Same target/same stop)
c) Trend style (big target/small stop)
2) What timeframe should I watch:
a) Very fast TF (under 5 minutes/tick/range)
b) Fast TF (5-15 minutes)
c) Normal TF ( 30-60 minutes)
d) Slow TF (daily)
I know for some this questions is stupid. But I read a lot that under the 10 minutes TF its only noise and we cant trade it. And I know that I need to look at all of them but the answer I want is which one should I watch for 10 000 hours?
3) Should I use my time and energy at watching the DOM and T/S or I can concentrate only on charts?
Thanks for the peoples who will reply you will help me a lot. I want to work and find it by myself but I really need some help since I don't know anyone who trade and sometime I ask myself if it's even possible to do money in trading. And sorry for the english it's not my first language.
Pavlec
I've been trading for 2 years now and I still didn't find any "edge". I've traded stocks and in the last year I'm on the ES. I've tried every strategies that I saw on forums and books and never found anything close to an edge. HH/HL, S/R, Wave, Pivots, Countertrend etc...
I'm not asking for a strategy here, I just want pros to give me some hints so that at least I search in the right direction. This is the three questions I think will help me the most in my search for an edge.
1) What kind of r:r should I look for:
a) Scalping style (small target/big stop)
b) Normal style (Same target/same stop)
c) Trend style (big target/small stop)
2) What timeframe should I watch:
a) Very fast TF (under 5 minutes/tick/range)
b) Fast TF (5-15 minutes)
c) Normal TF ( 30-60 minutes)
d) Slow TF (daily)
I know for some this questions is stupid. But I read a lot that under the 10 minutes TF its only noise and we cant trade it. And I know that I need to look at all of them but the answer I want is which one should I watch for 10 000 hours?
3) Should I use my time and energy at watching the DOM and T/S or I can concentrate only on charts?
Thanks for the peoples who will reply you will help me a lot. I want to work and find it by myself but I really need some help since I don't know anyone who trade and sometime I ask myself if it's even possible to do money in trading. And sorry for the english it's not my first language.
Pavlec