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- jmflukeiii replied May 18, 2021
Save yourself some money and demo trade. It is useless, but not when you first start. If you can't make money in demo, then you most certainly won't live. Try to (a) generate a net profit that exceeds a minimum profit potential (i.e. 20 ticks/pip) ...
- jmflukeiii replied Apr 24, 2021
Unless you have less than $10k (and even then with AMP), just go direct to a clearing firm and skip the added cost of a broker. Google “FCM financial status CFTC”, download the list and now you know all the clearing firms. Sierra offers a list of ...
- jmflukeiii replied Feb 12, 2021
Used to be possible 10 years ago on the currencies! But yes, no longer. Honestly, do what you think is best for you - there are obviously successful forex traders - but after switching to NQ, I improved my bottom line exponentially. However, I have ...
- jmflukeiii replied Feb 12, 2021
I generally exit trades on the bar I entered on, some I'm not so concerned with stalling or what not. I set a target based on the prior s/r and get out if it gets there. if it keeps going, I'm okay with that.
- jmflukeiii replied Feb 12, 2021
Looks like you managed to some arbitrary risk reward or something. Look for wicks to target, does not matter what R:R it is. At the very least take some risk off the table my getting stop to BE. Also, no need to make lots of ticks; Focus on ...
- jmflukeiii replied Feb 11, 2021
Two things here: look at the micro structure also - wick, break, pullback. Look at bottoming action: first low, second lower low immediate failure, rebound at first low. This happens constantly on a micro and macro level. Sometimes it will be a ...
- jmflukeiii replied Jan 27, 2021
Try risking an amount you don't care about - this will solve most of your problems relative to 'doing the right thing' (ie putting the stop in the right place, etc), and help free you from thinking about calculating R:R. I don't remember the last ...
- jmflukeiii replied Jan 26, 2021
Don’t scalp forex on the 1m.... I’m sure people still do it but it’s slow, miserable, painful, and unnecessary. If you want to scalp the 1m, NQ is where you should be. A forex swing trade’s worth of profit in seconds. And all the liquidity you could ...
- jmflukeiii replied Feb 18, 2020
I traded some yesterday, but only on 1 lot for a net 20 ticks. Today, back to plan size.
- jmflukeiii replied Feb 13, 2020
Been focusing on trading, achieving daily goal, and increasing trading size.
- jmflukeiii replied Feb 10, 2020
Thanks for the message - I can't respond back to you for some reason - Really like the thread here -
- jmflukeiii replied Jan 25, 2020
lol... well I tend to think you can see the volume in the speed of the print, but the coloring of the bars does incorporate some volume information. Nothing fancy, just the Better Volume code for high range + high volume. you should come around more ...
- jmflukeiii replied Jan 24, 2020
Yes that low was down in that same range, and also around the weekly open. Highest hourly volume all year on that last hour.
- jmflukeiii replied Jan 24, 2020
Some ugly trading this morning including breaking the cardinal rule of moving the stop. But came back with the help of ES and hit the minimum daily goal. I had trouble today with trading effectively the broad bear channel that was developing. ...
- jmflukeiii replied Jan 24, 2020
Well I look at the whole candle typically, but if you look at the combination of those two candles, their range entirely engulfed the prior 3. That combined with the high volume and the enormous wick gave me the confidence.
- jmflukeiii replied Jan 24, 2020
The Chart
- jmflukeiii replied Jan 23, 2020
Thank you. I’ll post tomorrow the 4HR that got me going that direction and holding.
- jmflukeiii replied Jan 23, 2020
More than okay, come back!
- jmflukeiii replied Jan 23, 2020
Final crazy hour - nailed it.