Most aspiring(and some veteran) traders believe trading the S&P ES e-mini futures contracts is a very complex task. I don't believe that to be true. Over complicating the trading process is one of the quickest ways to the poor house. Of course no system or setup is 100% profitable, but what I show you as to how I trade is quite good. It relies on an old market axiom:
We cannot control the market. The market cannot control us. We CAN control ourselves.
What I'm saying is self control is what it's all about. It's every bit as important as the setups you choose to enter and exit the market. Or the broker you choose. Or the platform you trade on.
I won't endorse a broker, but I use Ninja Trader as my platform. The SuperDOM(pronounced Super Dome) is an incredible tool for automating orders and exits.
I trade using a 5-min candlestick chart with horizontal S/R derived from 60-min, 30-min, 15-min and 5-min charts. I use three indicators: stochastic(14,3,3), VolumeUpDown, and BarTimer which is a bar count down timer(not sure that it qualifies as an indicator). Most traders believe oscillating indicators like the stochastic lag too much to be of much use. I use it for divergence readings and extreme levels indication. I also use Fibonacci retracements.
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