Trading Dow futures (after hours) M5 M15
(I tried but can’t trade 1st hour of dow open, it’s like trading equalizers bar of a hi fi)
I cannot for the life of me determine if the trend is up or down. If I see HH HL or LH LL once I enter it keeps reversing on me.
Let my winners run, they turn to losers
SL with with buffer, often forced to moved or broken
Like the market knows what I’m gonna do, even where I gonna move my SL the 2nd time.
I have even resorted to shorting at “my perceived” top of white candles just to make a small profit
Feel like the moron that I am.
The market does not know what you are doing, but then neither do you.
TA is very undependable, almost random, at such low time-frames. Get a demo account move to at least 4-hour charts, but daily would be better, and trial a few simple strategies. Run them until they make money consistently. That will be your pathway to success.
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I like that comparison 
Go to the daily chart. This is where you search for the direction, which with Dow is 52.5% to be up day. Then if the range is too big for a stop-loss, go on a lower timeframe and wait for a good signal. Not every day is worth trading and when that day comes don’t expect 1000s of 5-minute signals, there will be no more than 3-5 after which you wait to catch a larger move.
Hi Tommor, how do you handle overnight risk ? There was a head and shoulder in Dow. Had we shorted the market , it would have been disaster when u woke up today. Most of the market gapped up. Stops doesn’t even get triggered. I have PTSD on that.
Kinda frazzled to be honest.
Live account : Made 30% before in M1, Lost 80% in M5 M15
Demo I’m always doing well. No fear. All rational
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Any signals that u like ?
Everything is wrong to me now
First thing is I only take trades with-trend. And I only trade the Dow long, only on daily charts, I never short any stock index.
PS:
I’m in the UK and spreadbet the Dow and forex, so overnight gaps aren’t an issue (though the weekend is). I am in the UK so there is no such thing as negative balance risk with the broker.
There can be many different situations which will produce different signals but something I like is buying E-minis after a price action signal and a higher short-term low. Most of the time will choose e-minis not Dow
hahahhahhaha. I can definitely relate to the rage quit, though. I don’t trade futures or indeces so I can’t say anything about those. But, I can say don’t quit.
My suggestion, when you’re feeling like that, don’t enter any more trades until you cool off. Just chill and wait for your emotions to calm down. After that, you can think more clearly.
What helped me a lot was figuring out I was doing wrong. I reviewd my past few trades and re-lived them to see where I went wrong, and what I wish I had done.
Take notes on your mistakes. Hopefully, you’ll notice what mistakes different trades had in common.
I think you’ll feel better because you’re gaining insight and a feeling of some control over your outcomes.
Hang in there!
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