ES amazing

Call me Vidvad - I day trade futures

CL HOLO long gave a second entry after red news which would have been a smarter entry than the first. +50 ticks available on either entry. I did not take as we are outside my trading window.

Call me Vidvad - I day trade futures

The "2b comes from Victor "Trader Vic" Sperandeo, one of Jack Schwager's Market Wizards. A long time ago in a galaxy far, far away he wrote a book called Trader Vic: Methods of a Wall Street Master, in which one of the many valuable pieces of ...

Call me Vidvad - I day trade futures

I don't mark these on my chart but I see them and I use them just like this. When I see price extended above the 34 ema and a long trade goes above a previous high price and then drops, that is a "2B" and when that happens, I don't take a long ...

Call me Vidvad - I day trade futures

T-30 seconds until rate decision: image This chart shows all the renko HA price action since the Globex open last night until just seconds before the rate decision is made public.

Call me Vidvad - I day trade futures

From Mark Douglas, The Disciplined Trader, pages 213-214. In my opinion, the only two pages of Douglas you need to read and follow his instructions. image image

Call me Vidvad - I day trade futures

Assuming Apex contacts me and sets me up with a "funded account," my plan will start as follows: I will trade 2 NQ's until I have accumulated $3,000 in profits, at which point I will increase size to 3NQ's; or until I lose $2500 of my initial $5K ...

Call me Vidvad - I day trade futures

When they ALL state the purpose of their business is to identify and fund good traders, and then set up rules that foster bad trading habits likely to lead to failed traders, then I suspect that their business is somewhat ... suspicious. In my ...

Call me Vidvad - I day trade futures

If you're a good scalper, buying low and selling high and selling high and buying low, then today might have been a good day for you. Once price established what I earlier remarked to be a "no trade zone" it has essentially simply enlarged that zone ...

Call me Vidvad - I day trade futures

CL HOLO long opportunity but given the time of day, the proximity to red news, and the fact that price managed an hourly close below last week's high which may nor very likely get tested as resistance, I'd pass on this one. $81.42 would be +50 ticks ...

Call me Vidvad - I day trade futures

Thank you for sharing that information. I appreciate it

Call me Vidvad - I day trade futures

I did not use rithmic. I chose to use Tradovate. It has been years since I had a trading account using rithmic but when I did I found it to be very unreliable, unstable, and plain frustrating. With the discount, the difference in price to pay up for ...

Call me Vidvad - I day trade futures

That's good to know. In real life, I trade a fixed take profit and a fixed stop loss. I have criteria for when to move the stop to breakeven and when to trail. However, when trading the NQ, it often happens that I'll have quite a sizable open ...

Call me Vidvad - I day trade futures

Anyone doing a prop challenge, some of these firms ESPECIALLY Apex, try to hide your current trailing drawdown level from you. This video shows you how to set up an account window in Tradovate that will protect you from those firms that prey on ...

Call me Vidvad - I day trade futures

So here is what I find completely stupid with respect to Apex prop accounts and it is why I feel they really are set up to force failure and not to help traders get funded and succeed: The trailing $5K drawdown trails at all times from your highest ...

Call me Vidvad - I day trade futures

CL looking to the left so as to better understand what is going on at the hard right edge where the money is made (and lost). image

Call me Vidvad - I day trade futures

CL bearish breakout mode continues, and price has returned, at least for the moment, back below last week's high. If bears pick up the pace, I'd be expecting them to tagrt the 50% retrace of this rally at $79.67 But bears should have their work cut ...

Call me Vidvad - I day trade futures

ES HOLO short opportunity. I stepped away from my office for 11 minutes and missed it as a result. image

Call me Vidvad - I day trade futures

The vertical bars are 7AM until 12 noon, which are the hours during which I trade. I sometimes trade the afternoon, but in general I try to be done by the time London closes at 11:30 AM my time here in new york.

Call me Vidvad - I day trade futures

NQ renko. After my profits on the long at the open, I did not attempt another long because 1) a 2b top (failed breakout/stop hunt reveral) and 2) price was extended above the 34 ema. Once price retraced to the 34 ema, it not only never signalled a ...

Call me Vidvad - I day trade futures