How to start in Futures?

[littlefish]

I think just 1% type of gambling need skill like poker, black jack, mah jong and etc. Big/Small, 4d, jackpot and most of it is just pure luck. 

what is the other 99% type of gamble

[Maxforce]

Actually Big Small or Roulette also need skills 

[Doom]

Big Small how to skill? Nothing we can do to influence the result nor predict the number.

[littlefish]

for big and small, there is some way to cheat and "increase" the % of winning.
not only play big small, but also playing the number in the same time.

[Maxforce]

Big Small how to skill? Nothing we can do to influence the result nor predict the number.

for big and small, there is some way to cheat and "increase" the % of winning.
not only play big small, but also playing the number in the same time.

Blue is right - manipulation of the % of winning by playing with the odds.
Same thing with roulette.
Besides, csong also mentioned before that he seen ppl using point and figure in gambling.
This can be construed as "trends" in stock market. Heh heh.

However, ultimately, I still do not see gambling as having the same odds as stock market. 

[csong]

Any Baccarat Sifu here ?

We have often heard of "contrarian investing" in the stock market. Actually in gambling there is also such thing as "contrarian gambling".

oneman, FYI my favourite game in Genting is the Baccarat & each time I go there for family holiday I make sure my winnings is enough to cover for the whole holiday expenses, and of course sometime to compensate my wife for her losses 

My strategy is very simple & it works most of the time with high probability of success. But gambling is not in my blood so I only go there once in a blue moon, fearing that I may turn into a compulsive gambler  Here again ..... DISCIPLINE! DISCIPLINE! DISCIPLINE!

Ooops ..... my "contrarian gambling" strategy is based on "visual analysis"! Yes, Trademore, you heard me right ..... "visual analysis without chart" in Baccarat 

[smallcap]

I never sit down gambling in casino, only played the Fruits Machine for once Ofcos loss money.

Yes, Roulette and some other games oso hv their own skill and techniques according to those expert gamblers, they mark down every result, standing behind for 2-3 hours. Once they've read the trend, only start gambling. And i believed, gambling always must have patient, don't rush.

Ofcos more skills and techniques we have to learn in finance market unlike gambling. The diff between expert gambler and lousy gambler is only discipline i think. When bad luck comes to both of them, expert will only loss a little while the blind gambler will loss everything.

[Beginner Trader]

HI, I m new here and new to futures trading. I would like to ask some opinion from the season traders here...

1) How would u guys determine the market is doing their correction? any specific criteria to fullfil or any calculation involve?

2) If I would like to use trendline to determine the support and resistance, any specific criteria need to be fullfil like volume or etc?

I have read the book on " trading for living" n it's written there that a support or resistance of a trendline is determine by time frame, length, contact angle and volume  Can any1 explain to me or give me some link tat I can read more?

Thx

[Doom]

HI, I m new here and new to futures trading. I would like to ask some opinion from the season traders here...

1) How would u guys determine the market is doing their correction? any specific criteria to fullfil or any calculation involve?

2) If I would like to use trendline to determine the support and resistance, any specific criteria need to be fullfil like volume or etc?

I have read the book on " trading for living" n it's written there that a support or resistance of a trendline is determine by time frame, length, contact angle and volume  Can any1 explain to me or give me some link tat I can read more?

Thx

I think,
1) Normally i will use Elliot Wave + Fibonaci
2) Time i think play the most important role.. How long and short term are u looking at.  I'm using hourly vs dayly chart.

[Beginner Trader]

HI, I m new here and new to futures trading. I would like to ask some opinion from the season traders here...

1) How would u guys determine the market is doing their correction? any specific criteria to fullfil or any calculation involve?

2) If I would like to use trendline to determine the support and resistance, any specific criteria need to be fullfil like volume or etc?

I have read the book on " trading for living" n it's written there that a support or resistance of a trendline is determine by time frame, length, contact angle and volume  Can any1 explain to me or give me some link tat I can read more?

Thx

I think,
1) Normally i will use Elliot Wave + Fibonaci
2) Time i think play the most important role.. How long and short term are u looking at.  I'm using hourly vs dayly chart.

Normally I look at weekly, daily n 15 mins chart. At this moment I'm still in the mid of figuring out which indicator is suitable for me n thinking to start from basic like using trendline n etc. 

Tat's the reason y i wanna to noe more n indepth about the trendline, coz other indicators i found it a bit complicated like MA (wat time frame to use).

[Maxforce]

Apply a period then backtest and forwardtest it.
Unfortunately no shortcut

[Doom]

MA, anytime will do.  It depend how long term you trade.  If you have more fun then you can look for longer term. 

[oneman]

Yes... I think MA = moving average or Mother of All indicators is the most important... The problem is, how you play with MA....everybody has his own opinion of MA.

[theng]

Normally I look at weekly, daily n 15 mins chart. At this moment I'm still in the mid of figuring out which indicator is suitable for me n thinking to start from basic like using trendline n etc. 

Tat's the reason y i wanna to noe more n indepth about the trendline, coz other indicators i found it a bit complicated like MA (wat time frame to use).

MA are one of the important tool to be use in charts, but "what is the time frame" for me don't ask others find out yourself which time frame suit yourself most! just like you will never ask ppl what "size of shoe u wear?" my shoe size is 6 is it suit u ?
The most important item to study at are the price bar.
all the book in the market is for guide not to follow 100%.
 

[Doom]

My strategy

More Fund = Longer Term Daily vs Weekly = Larger profit vs More drawdown

Less Fund = Shorter Term HOurly vs 15 MInute = Smaller profit vs Smaller Lose

Also it depend on your character which one suits you.