Hi mike, there is plenty of info out there for every separate discipline in trading so one can make it work...there is no secret know how or something like this...But listen youself...its hard....OMG...if its hard, dont do it and go flip burgers in faking macdonalds...its easier...and u will be making money instead of loosing it right?
Most people want ES's u say.....and i say u must love theese people cos is their DUMB money we take on daily basis...god bless em all and their greedy minds..the markets cant work without them...
here is what makes it hard...da faking work....the grinding...doing backtests for hours untill you eyeballs start bleeding internally and u want to comit sepuko : and here how it goes:
u pick a strategy...any strategy, 2 ma cross M15 lets say..the clasick of all times
u set up rules: times for trading, markets for trading, exposure, risk reward, profit expectations..ect.
u scroll at the end of your chart like 5 years back
u set 2 vertical lines to see your trading times
and u start looking for setups and count winning and loosing pips ....every one u need to calculate with a perfectly measured stop or target hit and write it down
then the calculations start and it looks like this:
2014, setups 231, winning 115, loosing 116
january= setups 23, winning 13, loosing 10, total pips=431, total draw down pips=-225, average trade lenght=2 hours, 34 min,% change in accout +9%,
february= setups 21 winning 16, loosing 4 ect.....................
at the end of the year u got a full COMPLETE info of what is going on based on passed behaviour on your trading strategy.....after that if your trading strategy is + in profit you hold in your hands da holly faking shiny grail called a TRADING EDGE...
THIS IS HARD and this is trading...all else is fish and chips
So after you calculate 14k rows of data and prove if a system is profitable or not you start trading it like a faking droid without looking at anything else, eyes on the prise madafakaaa...you worked hard for it...no point doing something stupid like thinking creatively and going down 5% a day because u deviated from ur plan...this is where u need discipline...do all this and u will be making money out of the crowd who change style every several months and keep refilling their accounts....show this to the big /smart money,and u will get account big enough u can buy a unicorn with golden balls if u like from your commission only...this is it...so rinse your illusions and get to work
this was the last post from me for this year...
good luck 2 all