I've been trading futures unsuccessfuflly intraday for the past three years. I usually trade CL or the ES. I tried trading NQ today and entered a total state of vertigo and got nauseous watching the price move in a near-random way, maybe because it's the day after FOMC. I exited my long from the globex session at a major loss at the low of the 2nd 5 minute bar, the low of the day, and reversed into a short position that I ended up taking a major loss in this afternoon.
Does anyone have any advice how to cope with HFT price action? I've tried 15 minute bar trading, hourly charts, none of that works enough to trade for a living, once HFT algorithms interpret news / cross-market arbitrage / orderbook changes price moves randomly and I get stopped out or exit at the market for signifigant losses.
Look at the closing minutes of the Nasdaq futures today, totally random price movement that will make discretionary traders soil themselves.
Does anyone have any advice how to cope with HFT price action? I've tried 15 minute bar trading, hourly charts, none of that works enough to trade for a living, once HFT algorithms interpret news / cross-market arbitrage / orderbook changes price moves randomly and I get stopped out or exit at the market for signifigant losses.
Look at the closing minutes of the Nasdaq futures today, totally random price movement that will make discretionary traders soil themselves.
Nausea from HFT price action
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