Futures Index Trading Mentorship on TradingView.com

Study Notes

The text is an introduction to a trading mentorship focusing on futures index trading using paper trading on TradingView.com.
The mentorship covers intraday price action for NASDAQ e-mini futures and is based on the author's trading experience.
Each trader should consider what it takes for them to find consistency in trading and the number of handle moves they require to feel satisfied.
The NASDAQ is a value proposition for traders due to its faster and more aggressive nature, even though it requires less leverage.
Traders must understand the ebb and flow of the market, its liquidity, and the presence of stops in order to find consistency.
The author encourages independent thinking and self-sufficiency in trading, rather than relying on signals or black box systems.
The weekly chart is used to gain an understanding of the market's direction before moving to the daily chart for trading opportunities.
The daily chart provides insight into the major swings and liquidity, while the hourly chart is used for identifying specific trade setups.
The author highlights the importance of understanding market structure, support and resistance levels, and the role of buyers and sellers.
Liquidity pools, stop hunts, and imbalances are key concepts to understand in order to find profitable trade opportunities.
Traders should focus on the short term and avoid trying to trade every single session, as overtrading can lead to inconsistent results.
The author emphasizes the importance of practice and developing a feel for the market in order to identify patterns and trends.
The text includes references to specific chart examples and various trading terms, making it a detailed and informative guide for aspiring traders.- Speaker shares experience of exiting a trade when price went beyond a certain range
Emphasizes the importance of studying and practicing to improve trading skills
Mentions the benefits of observing price movements and identifying patterns
Recommends focusing on specific time frames for better analysis
Discusses the importance of understanding market structure and identifying imbalances
Suggests using support and resistance levels as potential targets
Encourages traders to use small positions and manage risk carefully
Provides guidance on identifying breaks in market structure and using them for trade entry
Encourages logging past trades and studying patterns for future opportunities
Promises to build on the foundation in the next episode.

Description

Explore the world of futures index trading with a focus on NASDAQ e-mini futures and intraday price action. Learn about market structure, liquidity, and trade setups, and gain insights into developing consistency and identifying profitable opportunities. Emphasizing independent thinking, self-sufficiency, and the importance of practice and observation for aspiring traders.