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Does the young man have any hope? lol
You decide. The future can be uncertain at times. That is why "futures trading" is thought
to be so unpredictable and uncertain.
But, after I have settled down a little over the years. It is starting to get a little easier for me.
Maybe it is because of the past pain that I have suffered. It may have dulled my senses some. lol
Not that I have arrived yet. After I make my first $100 thousand dollars. Then I will be able to
confidently tell you that it can be done. Oh, we are not there yet. Ha ha Not even.
But I have learned a few things. After some thought. I have decided that it should be OK to
show a few things that I think I know about futures trading.
Shown below is my actual trading chart. It is a "Daniels Trading Chart" and I am using "CFRN" indicators to make a decision for my trade entries.
Of course, I don't use the standard entry and exit points that CFRN teaches. I have my own ideas.
That is likely why I have had so much trouble trying to trade profitably. I have tried to re-invent the wheel. Ha
We wrote before in another post, about each candle being (8) ticks in height. And that they equaled to $100 dollars of ES Chart price movement up or down.
Notice the number grid on the right hand side of the chart. One number up or down is (1) dollar. Which is (4) ticks.
$12.5 dollars per tick. So (4) ticks up or down on the number grid equals $50 dollars trading (1) one contract.
I want $100 dollars per day for each contract I trade. That is my goal. So I have to gain (8) ticks.
Of course, it can take more than one trade to do that.
Keep in mind that I have adjusted the charts to suit my trading preferences. If you were to follow CFRN and their teaching.
You would not see them using (8) ticks on their trading charts. I think they use a (4) tick range chart. I am different. lol
Look below at the indicators on this section of the chart that I have highlighted for you.
See the solid red and green lines. Not the "dot and dash" lines. Just the solid ones.
Those are the CFRN "Weekly Trading Zones." I put a lot of confidence in those areas for trading.
CFRN charges a monthly fee for some of their indicators. But, not all.
Once you become a partner. Some are free. For life.
The little red and green dots are "support and resistance" dots. They also help me in my trading.
Shown below.
That is all for this post. I will explain a little about the "dot and dash" lines the next time I try
to explain a few details about my futures trading.
Question? Can you do this? Sure you can. Do you have risk money that you are willing to lose? Say conservatively.
$10,000 dollars? And are you ready to suffer emotional pain for a few months/years?
I did. And I have spent a lot more than any $10,000 dollars. Easily three times that much.
Just to buy a help service can cost a few thousand dollars.
CFRN is not cheap. They say they are.
And they could be right in comparison to the competition's costs.
You can find many other services too. None will be cheap. Trust me on this.
But, if I can do it. Nearly anyone can. But, be ready to be shocked.
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Thank you for following along with me in my showing you how I trade the futures.
I will take a break for a few days in my showing and teaching you about futures trading.
Francis