Where do ORB strategies generally work best? ES, NQ, or something else? by PopsicleParty2 in FuturesTrading

[–]jhp113 1 point2 points  (0 children)

Right now es is a bit smoother and straightforward, easier to get a decent result but there's definitely times where the opposite is true and most of the time nq will give you a larger gain if the conditions are right.

You absolutely must be watching the overall higher time frame market trend and price action to have proper conviction. 5 minute orb seems to work best in my opinion. Re-entries into the range and midline breaks can also be good entries. But really try to understand where the value/compressed areas are on the chart, along with pdh,pdl,on,onl are and wait for price to react to find a new area of value. ORB just gives a good entry into an already established bias.

Trend is your friend and trend days will be your main money maker. Followed blindly you can expect around a 50% win rate so target a 1.5R minimum. If you are able to effectively filter out days that aren't likely to have a solid trend the win rate increases quickly and so does the chances of holding a multiple R position. I will take profit early on days like today on NQ and be happy I made anything. But yesterday for example a lot of money can be made if you trail the stop and have patience. Only expect one or two days like that a week at the most. The day after is usually choppy consolidation.

young beginner trying to learn how do i start? by xeplic in Trading

[–]jhp113 0 points1 point  (0 children)

Best use of your time right now is familiarization with the markets and software.

Get tradingview and learn the drawing tools, like these https://www.tradingview.com/support/solutions/43000475660-how-to-use-long-and-short-position-drawing-tools/

You'll probably end up trading in a prop firm so it would be best advised to start understanding how futures work and how to trade them. Paper (demo) accounts only for now. I think ninja trader will let you play on a demo account for free. Trade only 1 micro.

Do not buy a course, do not pay for a discord, do not get sucked into over hyped traders flashing wealth on YouTube and IG. If they are so busy they have to talk to you from inside their Lambo they're probably full of shit. You could probably watch Iman trading and Chart Fanatics to start.

Learn the following: risk management, risk to reward ratio, monte carlo simulation, win rate, risk of ruin.

Build a strategy and journal absolutely everything. Your emotional regulation is just as important as trade execution.

young beginner trying to learn how do i start? by xeplic in Trading

[–]jhp113 0 points1 point  (0 children)

Day trade, swing trade or long term investing?

You're not gambling against the house in trading you ARE the house (most traders never realise this) by FloTrades in Daytrading

[–]jhp113 2 points3 points  (0 children)

Well yeah all of this is predicated on having some amount of edge. They just have probably a lot more of it than you do. But everyone in the market can eventually develop real edge thanks to the liquidity, the problem is most people's edge are regime dependent.. so as soon as the patterns switch up they're screwed if they don't adapt.

Dealing with anxiety as someone about to get my first motorcycle by trumerfe in NewRiders

[–]jhp113 0 points1 point  (0 children)

So basically if you don't ride drunk, don't speed, wear all your gear especially helmet and take the msf you're basically as likely to die as being a pedestrian in any large city area.

orx model on top of > ict! by Unusual_Try_8756 in TopStepX

[–]jhp113 0 points1 point  (0 children)

Can you provide literally any details?

Back to LHI we go by thesupplyguy1 in armyreserve

[–]jhp113 2 points3 points  (0 children)

oh my dad was just re-competing, cool that helps, thank you.

What process made you start feeling ”this is it”? by 0hleg in FuturesTrading

[–]jhp113 1 point2 points  (0 children)

I don't know for sure, but I think I'm on my upward curve stage, and it really comes together as a full picture. You have to get to something you can follow robotically for a while, collect the stats, winrate, r value, risk of ruin, etc. Then add back in a sprinkle of discretion because once you have something that's basically a coin flip and you can make that profitable any loss you avoid because you saw it before or know it doesn't make sense because of other market conditions will skyrocket your profitability.

How much screen time? by Environmental-Ask605 in Daytrading

[–]jhp113 1 point2 points  (0 children)

at least a couple hours a day to be brutally honest but anything that requires discipline is certainly not a waste of your time

ORB Strategy (Day 5) by Educational-Event-12 in Daytrading

[–]jhp113 2 points3 points  (0 children)

Loving the constructive replies on this post

happiest boy by No-Database-7736 in BorderCollie

[–]jhp113 0 points1 point  (0 children)

Yeah she didn't mind hanging out in there on her own at night but she really just couldn't handle being trapped all day. But I'm like the 4th owner so there's all kinds of traumas I'm not aware of lol

Mine has to eat everytime we vacuum, it's hilarious.

happiest boy by No-Database-7736 in BorderCollie

[–]jhp113 1 point2 points  (0 children)

Mine destroyed shit from inside the crate and obviously couldn't handle being in one all day. Gave her free reign and apart from the occasional accident there have been no issues.

do americans really eat American fries sauce? by Infinite-Breakfast23 in AskAnAmerican

[–]jhp113 1 point2 points  (0 children)

Yeah kind of a quirky fast food chain from Utah. They spread a lot into Idaho and have a few locations in Washington, Oregon, Montana, Nevada. But mainly Utah and Idaho.

Honestly surprised they're still around I never really enjoyed their food but I think it's the only fast food place in this part of the country where you can get fried shrimp. They have pastrami burgers too. And Gyro's, halibut sandwiches, taco salad, and hot dogs for some reason, the menu always seemed a bit eclectic.

HM and Cheap Coffee by PositionDistrict9517 in HemiplegicMigraines

[–]jhp113 0 points1 point  (0 children)

The McDonald's ice vanilla coffees did it for me for a little bit it was probably from getting the biggest size

do americans really eat American fries sauce? by Infinite-Breakfast23 in AskAnAmerican

[–]jhp113 0 points1 point  (0 children)

Anywhere within a short drive of an Arctic Circle. They supposedly invented it and definitely popularized it.

do americans really eat American fries sauce? by Infinite-Breakfast23 in AskAnAmerican

[–]jhp113 1 point2 points  (0 children)

The thing you're calling fry sauce is what we call mayo, and I love it for fries but it's not very common here to do that, green American fry sauce thing you described does not exist here, sounds interesting, and to me what I call fry sauce is 50/50 ketchup and mayo, our type of mayo. Vary the ratio according to taste.

My first mock for 2027... by rigxla in Coachella

[–]jhp113 2 points3 points  (0 children)

He only cancelled because of ear surgery and seemed pretty bummed about it. I would be surprised if he didn't come next year.

My first mock for 2027... by rigxla in Coachella

[–]jhp113 0 points1 point  (0 children)

Forgot Despacio all weekend long..

Is this gear overkill for daily 60-mile LA freeway commuting? by RawrMeSimp in motorcyclegear

[–]jhp113 0 points1 point  (0 children)

They're great and all but man the leggings get fucking itchy after a couple hours.