Monday, May 11, 2020
O&T Strategy Setup - MES
Whenever there is a pattern like this one, with nice tight consolidation, a powerful breakout going to happen. This is where pattern recognition is important. This was traded in the Micro ES.
Trading Edge
That's the two words that you need to have when you engage the market.
Without an edge, you cannot gain the advantage of being a participant in the market, or else you will just remain a 'participant'.
So what is our edge in the market.
They said if you don't know your 'edge', you don't have one!
There are many factors to consider so that you can have an edge in the market.
After years of learning the market, spend sum of hundreds acquiring and reading trading books, getting pummeled in the market and still not gaining any - that's where you need to find that 'edge' so you can benefit in the market.
I can summarize what edge means based from my own learning in the market, number one is you must and you should know 'who you are'. If you don't know yourself, you don't have an edge.
You must have the passion and love for the market despite being 'beaten'. Coupled with patience and dedication.
You need to have an understanding how the market moves, form an ideas - like 'reading the markets'.
Know and familiarize the instrument you are going to trade, the correlation from other sectors - test and put some trades which one works, learn and master one trade setup (long or short).
Watch the market patterns, observe the behavior of the participants, know when to get in and when to get out.
There lots of list to have an edge and can't print them in detail and this space won't be enough.
That's why I came up with my blog...Observe and Trade!
That's My Edge!
What is yours?
Without an edge, you cannot gain the advantage of being a participant in the market, or else you will just remain a 'participant'.
So what is our edge in the market.
They said if you don't know your 'edge', you don't have one!
There are many factors to consider so that you can have an edge in the market.
After years of learning the market, spend sum of hundreds acquiring and reading trading books, getting pummeled in the market and still not gaining any - that's where you need to find that 'edge' so you can benefit in the market.
I can summarize what edge means based from my own learning in the market, number one is you must and you should know 'who you are'. If you don't know yourself, you don't have an edge.
You must have the passion and love for the market despite being 'beaten'. Coupled with patience and dedication.
You need to have an understanding how the market moves, form an ideas - like 'reading the markets'.
Know and familiarize the instrument you are going to trade, the correlation from other sectors - test and put some trades which one works, learn and master one trade setup (long or short).
Watch the market patterns, observe the behavior of the participants, know when to get in and when to get out.
There lots of list to have an edge and can't print them in detail and this space won't be enough.
That's why I came up with my blog...Observe and Trade!
That's My Edge!
What is yours?
Sunday, May 10, 2020
O&T Strategy Setup - MNQ
One main trade setup that i employ and learned to implement by our trade comeback is what i called 'trade in between'.
In the market it's impossible to buy at the bottom and sell at the top, the best way to trade is in the middle.
Like this one!
In the market it's impossible to buy at the bottom and sell at the top, the best way to trade is in the middle.
Like this one!
Saturday, May 9, 2020
Back To Trading - Full Time!
Due to the current pandemic (Covid) wrecking havoc to the whole world, and most of the workforce are turning working at home, including this aspiring market trader.
Stop engaging the market September 2017, forced to go back to workforce since not much capital to pursue my trading endeavor for lots of bills and commitment to attend to.
'Fortunately'?, with the on-going crisis everybody is encountering, was ordered to do my regular job at home bringing with me all the office tools (i'm in the field of electrical engineering design) i use in the office. Doing work at home gave me more time to attend to some of my personal business, if i may say so.
Since i can do my work at my own pace, and not much pressure like i used to have in the office. And with the on-going uncertainty everybody is facing these days, weeks, month(s), i decided to find other opportunity to make something at home and to use the extra time that i'm not doing regular work.
At first, was looking for some part time remote job, online business, and whatever to get some cushion and being prepared for whatever scenario might happened, and was frustrated and don't have much clue which one is which.
With further reading and scanning my desk top whenever i have time from my regular home work, i turned to my trading blog and my own trading book i had written - that's where i decide to better pursue my old endeavor - trading the market.
With the lessons, experiences, hundreds of books I've read and purchased, this time i'm ready to go back to my trading.
Will trade the micro futures contract, the MES (S&P), MNQ (Nasdaq), M2K (Rusell) and the Micro Gold (MGC).
I'm back to trading...full time!
Stop engaging the market September 2017, forced to go back to workforce since not much capital to pursue my trading endeavor for lots of bills and commitment to attend to.
'Fortunately'?, with the on-going crisis everybody is encountering, was ordered to do my regular job at home bringing with me all the office tools (i'm in the field of electrical engineering design) i use in the office. Doing work at home gave me more time to attend to some of my personal business, if i may say so.
Since i can do my work at my own pace, and not much pressure like i used to have in the office. And with the on-going uncertainty everybody is facing these days, weeks, month(s), i decided to find other opportunity to make something at home and to use the extra time that i'm not doing regular work.
At first, was looking for some part time remote job, online business, and whatever to get some cushion and being prepared for whatever scenario might happened, and was frustrated and don't have much clue which one is which.
With further reading and scanning my desk top whenever i have time from my regular home work, i turned to my trading blog and my own trading book i had written - that's where i decide to better pursue my old endeavor - trading the market.
With the lessons, experiences, hundreds of books I've read and purchased, this time i'm ready to go back to my trading.
Will trade the micro futures contract, the MES (S&P), MNQ (Nasdaq), M2K (Rusell) and the Micro Gold (MGC).
I'm back to trading...full time!
Friday, May 8, 2020
Monday, April 13, 2020
Tuesday, April 7, 2020
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