In this fascinating and provocative book, veteran futures trader Grant Noble takes the reader inside the futures market and explains the strategies used by each.
(If you already have an account, login at the top of the page)futures io is the largest futures trading community on the planet, with over 100,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others.
Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.At futures io, our focus is on quality education.
No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors – all of which you can find on futures io, utilizing our social trading environment.With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you don’t need to worry about fake reviews.We are fundamentally different than most other trading sites:. We are here to help. Just let us know what you need. We work extremely hard to keep things positive in our community.
We do not tolerate rude behavior, trolling, or vendors advertising in posts. We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
We expect our members to participate and become a part of the community. Help yourself by helping others.You'll need to in order to view the content of the threads and start contributing to our community. It's free and simple.- Big Mike, Site Administrator. Bud Fox -If you know nothing about forex, why in the world would you even contemplate trading it? You realize that you are just going to be chum for eager sharks?Based on reading this thread, I'd say you are 95% guaranteed to lose all your money if you trade anything in the next 6-12 months.If I were you, I'd spend that time learning all I could, reading all I could, amassing capital and then building a strategy that works.Ready - Aim - Fire is the approach you want.Right now, you are Fire - Aim - Fire.My advice is harsh, but it is honest. If you don't like it, please just put me on ignore, and I'll be prevented from posting here. I only will talk if you are open to listening.
Might want to try playing poker online for very little, it's probably more thrilling and will teach you a little bit about trading in the meantime if you have a lot of free time. It helps one get into the mode of folding (not taking a trade), cutting your losses short, and going after probable hands. And I know this website is very unrealistic but it helped me in the beginning (just make sure to obey your losses since you can't add them). I know trading isn't a game at all but sometimes it's helpful to maintain interest by gaining confidence in similar activities because forex really does take time since you're most likely going to trade larger time frames. Page 238:A high school teacher tells the story of a frustrating day in his career.
He was lecturing on the bravery of the American soldiers during the fight for independence. On this particular day, he became quite dramatic and descriptive, vividly portraying the battlefields and the courage of our forefathers.
He described the freezing cold winter, the meager rations, and the eloquent words of Washington that kept the men's spirits high. The teacher was trying to give his students a feeling for what it was like to fight for one's country, the self-sacrifice that led to our freedom from England so many years agoThe class was nearing its end when a student raised his hand. 'Yes', the teacher said.' Will this be on the test?'
He askedThe teacher was trying to give his students an understanding of the cost of freedom, but the boy who raised his hand was so worried about what he had to know for the test that he missed the point entirely. The student wanted to be given answers. He did not want to have to actively think for himself. By focusing on what he thought he had to know, he did not hear what the instructor was really teaching.It would be nice to know the answers, to rely on a little certainty. We would all be rich and successful if someone would come up with an answer that would tell us when to buy and when to sell. But if we are dogmatically given the answers, we will never truly understand their roots.
In the words of Heraclitus, 'Much learning does not teach understanding'. Many traders do not want to actively think and make their own decisions. Actually the one telling you to trade forex and watch the movie about a panda is one and the same.me.You make a very valid point about experience levels. You are right to be guarded. You should be at least this guarded about trading. Instead of treating us with suspicion, you should treat trading with suspicion. Not that its wrong to trade, but that you should be very careful.Hence my advice to trade forex.
You can trade very small size while you learn to trade. This protects your capital which is rule # 1 in trading.If you can't take the advice in the manner in which it was offered, perhaps your skin is to thin for trading. There is no quarter in this business. Those of us trying to help are really looking out for you but you are suspicious. Go figure.I was told by a good friend I was wasting my time on your thread.
Prove him wrong if you can. I'm waiting to see if you take any of the advice that's been offered, even if it is counter to what I offered. So far all you've done is demand answers on a silver platter. What I and the others are trying to tell you the answers that work for us probably won't work for you. Instead we've been trying to give you clues on where to start so you can find your own answers.
But you just demand more answers.Like I said earlier, prove my friend wrong. Have you at least rented the movie?Over the holiday, you should watch it and then tell the rest of us what you learned from a kids movie. It's one of the greatest trading movies ever made. If you learn the correct lesson from that movie, you probably won't need us anymore. And if you don't, your not ready anyway.Later. Hi Budfox, can understand your frustration. Guess there is no magic pill here.As you progress to become a good trader.you will see that humility is the best form of approach in the markets.In any vocation it takes time/perseverance & dedication.
This is not advice.justt learnt it the hard way.I think most of the folks are trying to help you.Some of the books which gave me some understanding of the markets:- But just reading was still theory.repeated observation of various plays what i watch is my learning. But a stop/risk mgt is always there if my observation is incorrect or a market event which goes against me. For my part i kept looking at my charts & something clicked which said buddy the stuff is in front of you.where were you lookingLol.in lighter note.how a Master Chef.cooks n cooks.and comes up with various dishes.so does a trader with all his technical/market observations & self discovery moves ahead.Cheers & really good luck on yr endeavors!!& Market Analytics (A classic)The Traders Edge - Grant Noble (kool)Mindful Trading:- Mastering Your Emotions & The Inner Game (Brilliant Psyco stuff). 10-year AnniversaryRight now10-year AnniversaryRight now10-year AnniversaryRight nowBattlestations!AugustRegister to AttendElite onlyRegister to AttendElite onlySimilar ThreadsThreadThread StarterForumRepliesLast PostTundiCommodities Futures Trading9May 13th, 2017 01:10 PMrewexThe Elite Circle1June 25th, 2013 11:23 AMQuick SummaryNews and Current Events0November 8th, 2011 04:30 PMguppyEasyLanguage Programming3October 21st, 2011 03:31 PMSARdynamiteNinjaTrader Programming3July 15th, 2010 06:25 AM.
(If you already have an account, login at the top of the page)futures io is the largest futures trading community on the planet, with over 100,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard.
To succeed, you need to surround yourself with the right support system, educational content, and trading mentors – all of which you can find on futures io, utilizing our social trading environment.With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you don’t need to worry about fake reviews.We are fundamentally different than most other trading sites:. We are here to help.
Just let us know what you need. We work extremely hard to keep things positive in our community. We do not tolerate rude behavior, trolling, or vendors advertising in posts. We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it. We expect our members to participate and become a part of the community. Help yourself by helping others.You'll need to in order to view the content of the threads and start contributing to our community.
It's free and simple.- Big Mike, Site Administrator. Your welcome Vajatin. Thanks for the mention.
I should add an update. The optionsincomevideos offer an ok value forthe material. But today I would recommend newcomers to options to try out the 'Liz & Jenny' show on tastytrade.com ( ) which is now free to watch with registration and their older shows are all archived and available.
They are on every weekday during the lunch hour of the trading session and use for all their trades and examples. They also have a teaching segment of their hour long show where they cycle through for beginners. Hi Guys.came across this old thread. Thought of sharing & pitching in.Rooms:-Capital3x (Good but they traded FX at that time more than ES, went into more of copier service.was there for a couple of months on for chat)Emini addict (good, but it was just FIBs. FIBs w/o Harmonics is not my thing)S5Trading (Good.but do not login.as rooms can be distracting )Jigsaw Skype (Am there.during off trading.it's a blast)Books:-West of Wall Street - George Angell (Sweet)Reminiscences of a Stock Operator (Great Read)Studies in - Wyckoff (The Master)Tape Reading & Market Analytics (A classic)The Traders Edge - Grant Noble (kool)Mindful Trading:- Mastering Your Emotions & The Inner Game (Brilliant Psyco stuff)Market Wizards (Real Good)Quants (Educational)Training:-OpenTrader (Have learnt many things from Ziad & Awais. Thnx Guys)NoBstrading- Bought 2 videos on Tape Reading (John is great for an amazing insight into Tape Reading)Forums:-futures.io (formerly BMT) (great.
Found folks the best & most respectful of idea sharing. Thanks Big Mike for such an approachable forum & all other members/elite who are part of this amazing community)Indicators/Sw i have running:-Jigsaw (Pretty good.got me into the world of Tape reading & exploration of FP in the process. Pete is superb and is amazing at customer satisfaction)Emini-Watch (Good.i always have a screen up with the 4500/1500/500 tick charts running. Barry has been pretty responsive)Zunaa (My insight into the world of Volume. Thnx Ken)Market Profile s/w (Jared B & English Bob.thnx to whom I have & MP running on Tradestation)ATAS - (Pretty good.got me inquisitive into the world of further study & FPs.
Yearly Subscription)TradePoint Software (Pretty Good.thnx to Pat who introduced me to HUD which gives overall market single snapshot & Net New Trades. 2 Year subscription)thnxsom. Well folks, this is my first post. A week ago I did not know this site existed. Am now an Elite Member. Wish I joined when it was $25. So far, joining futures.io (formerly BMT) is my largest expense.Have not made a trade so far.
Have traded Stocks, Forex and options (spreads)Still trying to determine if any of these high dollar training programs are worth it. Leaning towards the 'No'Spending a lot of time here and watching PA youtubes. Mostly 'PATs Day Trading'Keep leaning and leaning!Finding your own way is 1000x better than shelling out thousands.
Over a year ago i took some time to share which trading products i have bought and for how much. Back then i was still hopeful that the customizedtrading.com products i bought would deliver, thus my review was overly optimistic, i think an update would be warranted now and it could be valuable for those who are considering buying from them.+ mark david johnson's - multiple time frame indicator - is useless. The only way to trade profitably is to get the trend of the day right from the very beginning. That, or to have a nimble indicator that reverses while the loss of your first trade is still small and can be recouped handily.
Customizedtrading.com's multiple time frame indicator often puts you into a wrong first trade and then doesn't until too late when the trend you went against is actually now over. Not only that, it draws with a lag of one bar, so you don't have a value for the bar that is being currently drawn, at the end of the day it might look very nice with all the bars drawn but for live trading it is useless.+ i also bought their - fully automated multiple time frame price action strategy - and as it is provided it will wipe out your account.
The supposedly 'turn key' strategy is meant to be run on but the code doesn't execute correctly on kase bars; all entries and exits execute a bar late so getting even a small winner is actually a fluke. It also takes too many swings, on days when price is going nowhere it keeps going long at the and short at the low. All i spent $10,000 which i was expecting to recover in trading profits within months but that just won't happen.there are magnificent free indicators that work great like the keltner channel and heikin ashi bars. As for automated strategies, i guess the best way to go would be to not buy any product that does not allow for a trial period.
There are a lot of superb resources that are freely available on tradestation's channel, on youtube, in public trading forums like bmt, in tradestation's forums, if someone puts in the time to find valuable stuff, they definitely will. More of an MT4 system sucker before I came here.The following were a waste of time:Dynamic Trader v4 $2k (old scam. NT7 can do all it can do easy with free indicators)Forex Godfather $97(refunded)LMT Forex Formula $97Forex Crescendo $97 (refunded)Top Dog Trading courses, Barry Burns $400+Forex Rebellion $97Timothy Sykes Penny Stock Millionaire $2k (refunded, after much hassle)Tripletrend.com $200 (hiding/changing losers, inserting after-the-fact winners in public performance 'records')Triplestrike.com $97Traders-secret-library.com $500, 1 yr membership. (the same 7 people keep posting, rarely.
Only like 1 or 2 of the winningsurefire trading contest winners didn't have a massive%, most articles from other vendors' free stuff. Webinars by staff only a few hours long, and not enough or taught to be consistent.)'powerratings' $99 x 3 months (cancelled, ratings not 80%, more like 50% i.e. Throw a dart blindfolded, kept getting ads for 'the machine', $3k to use or something)'traders secret code' $97by Jon Markman $99 x 2 months (cancelled. Very bad losers, single option calls and puts. I don't even think Markman himself chose those trades.
Some kind of crap shop hired to make the signal newsletter/website; kept fudging or hiding losers in public performance 'records'. After this, leery of CNBC, FOX 'celebrities' services i.e. Maria Bartolomo, Larry Levin etc. )Various trading books, some used/old $200Hi Cloudy,Just performing some research on Timothy Sykes, after some of my colleagues have heavily recommended him and are profitable trading his penny stock system.I am curious how was his service? And why you think it was a waste of time? Also how long have you traded his system?Thank You,BF.@.
Hi Budfox, Glad to comment. I tried a trial for 60 days.
This was maybe three to five years ago. It wasn't a good experience where we just had a few webinars. Also hard to even try out his short list suggestions. Maybe Sykes does know how to trade for himself, but his offer through WIA (wealthinsideralliance) was really a subpar program. Not to mention he was a really young guy with too much of a teen vibe and showing off his girlfriend having her heard in the webinar too while they were goofing off. I had to fight to get the refund to my CC sending them captures of all my sim trades showing them to be losers.
(some WIA support email person) I know Sykes does other programs or whatever and is always controversial re: his supposed training of retail students in whatever program he comes up with next. There is far more info and threads about Sykes' current activities on elitetrader.com; I decided to leave well enough alone and search elsewhere re: swing and stock trading.