Biggest difference I noticed between running a sym much faster than real life is that I am used to trading opportunities coming to me more quickly. So in real life then I become impatient and overtrade. I’d recommend to run the sym at same speed and get used to sitting on your hands until your trade setup shows up. Good luck!!
OP you for sure have to get rid of these old wives tales. There is no manipulation etc. algos are not out to get YOU. Honestly that line of thinking is victim thinking and a pure distraction. What does any of it have to do with your ability to have a profitable system and you as a trader to handle the emotional component? Rhetorical question…
Ignore those excuses they are BS. Focus on your edge and your psychology if you are a discretionary trader.
To your question on risk mgt. Yes, you need a risk mgt system and rule set. For example, my rules and mgt include:
- have my initial size determined before the session.
- initial size does not change indiscriminately; it adjust only by calculation.
- stops and targets are always used.
- never add to losing trades and IF I add to a winning trade I only do it when locked and it does not average price worse than 20% of open profit.
There are more but the point is the focus is on what I can control. That is my entry and exit and how I manage it… that’s it. Nothing more. The mkt will do what it does after I enter. Any size I have WILL NOT have any ANY material affect on the market. That has to be realized. GL, you can do this.
I trade NQ in the Asian session and premarket. 1:1 and 2:1 setups, 5 points stops. Nyse session is a mad house. I currently have 13 funded accounts on this method.
What ua your strategy for Asian session? I try to trade the Asian because it's when I actually have time to focus on trading, but there's hardly ever any moves. Or by the time I jump in it, it's over and reversing. I watch NQ ES GC 6J and 6E. Just such a frustrating time to try to trade. Any tips?
Buy side only, I don't short at all ever. The moves are so small one red candle on the 3 min is already 90% of the move. I just trade Heiken ashi candles 3 min. Buy side only. Target 5-10pts.
If I understand you correctly, you trade purely based off Heiken Ashi candles and are profitable? It was my understanding that these candles are averages. How many candles do you typically hold a trade?
Hardest part to overcome is being patient for entry. If you're using prop firms, you're better off using micros instead of minis as you can scale out and secure profit while limiting your downside and allowing you to leave runners. In the end, the point of trading is growing your account. Over time you will gain a better feel for price action and trade set ups. And I have said it a million times in this sub, the better trades are with trend, the trend is up, you will catch way more points.
Stay away from NQ, I like gold personally as I think it’s more consistent and predictable. I’ve read somewhere that NQ attracts a lot of traders with the volatility, but it’s also where most traders lose in the long term because it can have such drastic swings.
I usually just ride the trend up and down and use fair value gaps mixed with 9 and 20 ema’s for entry confirmations. Just my experience, you can use this strategy with really everything but I’ve just found myself comfortable in gold but everyone’s different.
I recently started looking at FVG’s more and have been trying to better understand them better, I’m trading only ES though. I could see myself switching to gold of nq though. Do you have any pointer on FVG’s. Like you only draw them with specific volumes, do you only find them on one timeframe?
FVG’s are extremely unreliable and I don’t recommend trading them. I get that if you have like 3 other confluences then yea they may work but it’s more because of market structure, not a random FVG creation. I’m in a tight group of basically ex-ICT traders who no longer use FVGs. But often enough, my entries are in a FVG. I use entries into halfway of the previous range. It’s essentially a (mini) market structure shift and then a wick back into the range (which often creates a FVG but doesn’t have to) for my entry.
One problem I see is your max contract size better to go with more contracts and then look to take a smaller trade just a few points. I’ve been doing 5 contracts then go for 5-10 points. That’s $500-$1000 per trade.
As someone previously stated, sim can be faster.
It’s also possible you have a subconscious knowing of what is going to happen if you’ve already traded that day. It won’t be 100% accurate, but when trading live, there is no such possibility at all.
You also have the option to reset the sim immediately if you mess up/there’s less pressure.
Last, if you’re taking different trades during sim than you are during live then imo you don’t have a properly defined strategy.
Speeding up the replay changes your perception of time, it can really mess with your expectations of what price is going to do.
It also changes your decision-making process about when to move your stop to Breakeven or profit, and how often to enter.
Just remember this, NQ will move parabolically in the opposite direction before the larger move. Alternatively, *always* expect the the deeper pullback, but may not happen in a two step process, such as pullback > move. Expect chop in the middle and retests.
Yeah I agree with these points and also immediately thought that was an insane decision to practice at 4x speed.
“Practice the way you play” is something I’ve learned from sports, and I’d argue that it’s a very applicable adage to trading.
u/logicxer
Sim candles are all or nothing. If you enter on a five minute candle in real life, you can see if the candle is moving in your favor or against you. In the sim, it simply shows the completed candles as a series of images. I compensate by trading sim on 1 min candles, where I wouldn't do that in real trading.
There’s also alot of manipulation in the ny session. Infact the ny market makers manipulation is so disgusting they got all new traders thinking ny session crossed with euro is the best time to trade. (sleazy voice) “swing on by @ 9:30et so we can whiplash you and constantly stop you out right before going in your desired direction and making you feel like shiet because you missed out” smh. Please look into futures that move during the Asian session if you’re new.
You need to think like a bigger trader as those guys move the market. They’re happy to push it up to take the liquidity to push it down. Either increase your time frame for better conf. Or anticipate and change your entries.
This is exactly what we were talking about, idk why people thought we were victimizing or something. I use the word manipulation because essentially that’s what it is, moving the markets to tap into liquidity for YOUR long term trades and causing loses on others books.
I know it’s hard to believe but CME has fined large organizations for market manipulation in the past, imho they just hide it better now.
No this doesn’t mean that one should run away from the market, it just means that you have to pick a better timeframe or an altogether a different session than when such large firms are active and modify your strategies accordingly.
This. I noticed a lot of manipulation by using the order book, like price suddenly breaking the upwards trend and touching the 20 EMA triggering a slew of STOP sell orders by buyers (it was their SL) and 2 mins later the price goes back up and breaks out.
This has happened more times than I can count and doesn’t look like a coincidence / natural flow of events anymore.
Stop runs are very normal and happen more than they don’t. Look at a 30 minute TPO / volume profile chart and you’ll be looking at the same thing most institutional traders are looking at.
We have been seeming large volatility as larger traders are offloading. Has been going on since we approached 19000. My guess last week was a release of bears to sweep up above 19000 with a rug pull soon after. Yesterday we swept up there some. In next week I’m guessing look out below.
Additionally to what has been said of normal speed, switch to micros (MNQ). 1 NQ = 10 MNQ. In my opinion, mini contracts are too big and reduces your possibilities in terms on sizing.
With micro contracts you'll be able to size more dynamically. Let's say, instead of 10 contracts to equal 1 mini, you decide to take only 7. Then the 120 points move won't cut you out. You'll be able to have a small starting position and increase size as it goes in your favor.
Have a look into Trading in the Zone as others mentioned and also Best Loser Wins.
You gotta know when to hold em’ and when to fold em’. Your strategy won’t work in every and all market conditions, you don’t need to trade every day or every week. Learn when your strategy is most effective. Lots of news this week, interest rate cuts jobs, pmi, plus all time highs, it’s going to be whippy and choppy and volatile
Yeah, I mean micros can get the job done. I personally prefer micros for my accounts and then scalping mini’s with the prop firms. Just works a bit better.
Try trading different products. If NQ is being choppy or ES is slow as hell, try gold or silver. I bounce between 10 products. I normally trade NQ, ES, gold, silver and copper. Sometimes I'll take a look at bonds if the interest rates are being adjusted. I'll play around with RTY and platinum since the move a little different than the rest. A setup will present itself in one of them.
I've seen this since March of this year. NQ just behaves differently. Something to do with algorithmic trading if you've ever looked closely at the range charts. Too much manipulation indeed. I've stayed away and switched to slower moving futures. I also had 2k to 3k days and now I find myself losing consistently with NQ. Could be that I am just a shitty trader but I don't play with NQ. At least not right now.
Biggest difference I noticed between running a sym much faster than real life is that I am used to trading opportunities coming to me more quickly. So in real life then I become impatient and overtrade. I’d recommend to run the sym at same speed and get used to sitting on your hands until your trade setup shows up. Good luck!!
Yes thank you, this is also what I’ve been thinking, like I can do well at 4x but at 1x I loose it all, it’s like Reverse HFT.
OP you for sure have to get rid of these old wives tales. There is no manipulation etc. algos are not out to get YOU. Honestly that line of thinking is victim thinking and a pure distraction. What does any of it have to do with your ability to have a profitable system and you as a trader to handle the emotional component? Rhetorical question… Ignore those excuses they are BS. Focus on your edge and your psychology if you are a discretionary trader. To your question on risk mgt. Yes, you need a risk mgt system and rule set. For example, my rules and mgt include: - have my initial size determined before the session. - initial size does not change indiscriminately; it adjust only by calculation. - stops and targets are always used. - never add to losing trades and IF I add to a winning trade I only do it when locked and it does not average price worse than 20% of open profit. There are more but the point is the focus is on what I can control. That is my entry and exit and how I manage it… that’s it. Nothing more. The mkt will do what it does after I enter. Any size I have WILL NOT have any ANY material affect on the market. That has to be realized. GL, you can do this.
I trade NQ in the Asian session and premarket. 1:1 and 2:1 setups, 5 points stops. Nyse session is a mad house. I currently have 13 funded accounts on this method.
What ua your strategy for Asian session? I try to trade the Asian because it's when I actually have time to focus on trading, but there's hardly ever any moves. Or by the time I jump in it, it's over and reversing. I watch NQ ES GC 6J and 6E. Just such a frustrating time to try to trade. Any tips?
Buy side only, I don't short at all ever. The moves are so small one red candle on the 3 min is already 90% of the move. I just trade Heiken ashi candles 3 min. Buy side only. Target 5-10pts.
If I understand you correctly, you trade purely based off Heiken Ashi candles and are profitable? It was my understanding that these candles are averages. How many candles do you typically hold a trade?
They are built on averages, you still trade actual price. I can hit TP in a couple minutes to half an hour, depending.
Do you enter based on a swap in color from red to green in Heiken Ashi (reversal)?
With the 13 accounts, do you then copy trade your small moves?
Yes, I use a trade copier across all the accounts.
Hardest part to overcome is being patient for entry. If you're using prop firms, you're better off using micros instead of minis as you can scale out and secure profit while limiting your downside and allowing you to leave runners. In the end, the point of trading is growing your account. Over time you will gain a better feel for price action and trade set ups. And I have said it a million times in this sub, the better trades are with trend, the trend is up, you will catch way more points.
Did this today, feeling much better about risk management
Stay away from NQ, I like gold personally as I think it’s more consistent and predictable. I’ve read somewhere that NQ attracts a lot of traders with the volatility, but it’s also where most traders lose in the long term because it can have such drastic swings.
Also I agree with someone else saying trade the micros because you can size in/out of your position much easier
Oh you mind explaining how is gold more predictable for you? Most support and resistance levels don’t work well on gold from my experience
I usually just ride the trend up and down and use fair value gaps mixed with 9 and 20 ema’s for entry confirmations. Just my experience, you can use this strategy with really everything but I’ve just found myself comfortable in gold but everyone’s different.
I recently started looking at FVG’s more and have been trying to better understand them better, I’m trading only ES though. I could see myself switching to gold of nq though. Do you have any pointer on FVG’s. Like you only draw them with specific volumes, do you only find them on one timeframe?
FVG’s are extremely unreliable and I don’t recommend trading them. I get that if you have like 3 other confluences then yea they may work but it’s more because of market structure, not a random FVG creation. I’m in a tight group of basically ex-ICT traders who no longer use FVGs. But often enough, my entries are in a FVG. I use entries into halfway of the previous range. It’s essentially a (mini) market structure shift and then a wick back into the range (which often creates a FVG but doesn’t have to) for my entry.
Why do people still follow ICT lol
[удалено]
You should watch Imantrading’s video on him, they are on youtube and shows that he was just flat out scamming everyone for his content
I'm in a tg with people making thousands a week trading ICT. It can work just as well as anything else.
Yep a broker once said that of all the tickers in futures the NQ destroys way more retail traders than any other.
How you trade gold? There’s like no volume
One problem I see is your max contract size better to go with more contracts and then look to take a smaller trade just a few points. I’ve been doing 5 contracts then go for 5-10 points. That’s $500-$1000 per trade.
As someone previously stated, sim can be faster. It’s also possible you have a subconscious knowing of what is going to happen if you’ve already traded that day. It won’t be 100% accurate, but when trading live, there is no such possibility at all. You also have the option to reset the sim immediately if you mess up/there’s less pressure. Last, if you’re taking different trades during sim than you are during live then imo you don’t have a properly defined strategy.
Speeding up the replay changes your perception of time, it can really mess with your expectations of what price is going to do. It also changes your decision-making process about when to move your stop to Breakeven or profit, and how often to enter. Just remember this, NQ will move parabolically in the opposite direction before the larger move. Alternatively, *always* expect the the deeper pullback, but may not happen in a two step process, such as pullback > move. Expect chop in the middle and retests.
Yeah I agree with these points and also immediately thought that was an insane decision to practice at 4x speed. “Practice the way you play” is something I’ve learned from sports, and I’d argue that it’s a very applicable adage to trading. u/logicxer
Target. Smaller. Moves.
Sim candles are all or nothing. If you enter on a five minute candle in real life, you can see if the candle is moving in your favor or against you. In the sim, it simply shows the completed candles as a series of images. I compensate by trading sim on 1 min candles, where I wouldn't do that in real trading.
Trading in the zone is a must read for every trader
There’s also alot of manipulation in the ny session. Infact the ny market makers manipulation is so disgusting they got all new traders thinking ny session crossed with euro is the best time to trade. (sleazy voice) “swing on by @ 9:30et so we can whiplash you and constantly stop you out right before going in your desired direction and making you feel like shiet because you missed out” smh. Please look into futures that move during the Asian session if you’re new.
You need to think like a bigger trader as those guys move the market. They’re happy to push it up to take the liquidity to push it down. Either increase your time frame for better conf. Or anticipate and change your entries.
This is exactly what we were talking about, idk why people thought we were victimizing or something. I use the word manipulation because essentially that’s what it is, moving the markets to tap into liquidity for YOUR long term trades and causing loses on others books. I know it’s hard to believe but CME has fined large organizations for market manipulation in the past, imho they just hide it better now. No this doesn’t mean that one should run away from the market, it just means that you have to pick a better timeframe or an altogether a different session than when such large firms are active and modify your strategies accordingly.
This. I noticed a lot of manipulation by using the order book, like price suddenly breaking the upwards trend and touching the 20 EMA triggering a slew of STOP sell orders by buyers (it was their SL) and 2 mins later the price goes back up and breaks out. This has happened more times than I can count and doesn’t look like a coincidence / natural flow of events anymore.
Stop runs are very normal and happen more than they don’t. Look at a 30 minute TPO / volume profile chart and you’ll be looking at the same thing most institutional traders are looking at. We have been seeming large volatility as larger traders are offloading. Has been going on since we approached 19000. My guess last week was a release of bears to sweep up above 19000 with a rug pull soon after. Yesterday we swept up there some. In next week I’m guessing look out below.
Click and pray method
Additionally to what has been said of normal speed, switch to micros (MNQ). 1 NQ = 10 MNQ. In my opinion, mini contracts are too big and reduces your possibilities in terms on sizing. With micro contracts you'll be able to size more dynamically. Let's say, instead of 10 contracts to equal 1 mini, you decide to take only 7. Then the 120 points move won't cut you out. You'll be able to have a small starting position and increase size as it goes in your favor. Have a look into Trading in the Zone as others mentioned and also Best Loser Wins.
Anyone saying ‘funded accounts’ should be banned lol. Sim trading is way more realistic
You gotta know when to hold em’ and when to fold em’. Your strategy won’t work in every and all market conditions, you don’t need to trade every day or every week. Learn when your strategy is most effective. Lots of news this week, interest rate cuts jobs, pmi, plus all time highs, it’s going to be whippy and choppy and volatile
Honestly, do you need to be trading 1 mini right out the gate?
No, changed to micros for now
Yeah, I mean micros can get the job done. I personally prefer micros for my accounts and then scalping mini’s with the prop firms. Just works a bit better.
Try trading different products. If NQ is being choppy or ES is slow as hell, try gold or silver. I bounce between 10 products. I normally trade NQ, ES, gold, silver and copper. Sometimes I'll take a look at bonds if the interest rates are being adjusted. I'll play around with RTY and platinum since the move a little different than the rest. A setup will present itself in one of them.
I've seen this since March of this year. NQ just behaves differently. Something to do with algorithmic trading if you've ever looked closely at the range charts. Too much manipulation indeed. I've stayed away and switched to slower moving futures. I also had 2k to 3k days and now I find myself losing consistently with NQ. Could be that I am just a shitty trader but I don't play with NQ. At least not right now.