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Introduce yourself here!
Started:June 10th, 2009 (08:43 PM) by Big Mike Views / Replies:530,894 / 7,061
Last Reply:December 6th, 2016 (11:10 PM) Attachments:50

Welcome to futures.io.

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.


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Introduce yourself here!

Old March 23rd, 2011, 08:18 PM   #1551 (permalink)
Trading Apprentice
Kansas City, MO
 
Futures Experience: Intermediate
Platform: NT7, MT4, TradeStation
Favorite Futures: crude/cl
 
Posts: 1 since Mar 2011
Thanks: 0 given, 0 received

Started trading currencies about a yr ago with a wkly trade service with the idea I would make money while learning. It did not match up with my personality. I could not keep my hands off of trading now that I had a funded acct. Waiting for 6 days till the next email trade-update killed me. So acting on my own without proper training, I ran the acct down. It has taken me a yr, a bunch of money, finding the right coach/trade room to learn how to sit on my hands and let the trades come to me instead of chasing them. Am trading CL on a scalping basis (the activity matches my personality, it would be very hard for me to be a day trader. I like to collect my money after two hrs and be done with it.) and enjoy it very much. Look to add others like the Russel and Gold. Eventually hope to add Autotrading to the mix down the road. I like this site for the indicator downloads for NT7.

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Old March 24th, 2011, 12:46 AM   #1552 (permalink)
Elite Member
San Jose, CA
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: NQ
 
PushHands's Avatar
 
Posts: 51 since Mar 2011
Thanks: 779 given, 33 received

Welcome hoseman.

Fairly new here myself and this place seems like a good bunch of people. Sounds like your trading is more positive than mine Wish you continue and greater success!

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Old March 24th, 2011, 10:58 AM   #1553 (permalink)
 Vendor: www.alphawavetrading.com 
laguna beach, ca
 
Futures Experience: Advanced
Platform: Ninja Trader
Favorite Futures: TF
 
Posts: 14 since Mar 2011
Thanks: 2 given, 8 received

Naked Charts



FuturesGal View Post
Hello Laguna,

In your introduction post you mention that you started reading Naked Charts... were there specific materials, i.e. books, websites that you feel were significant in your learning?

Thanks in advance

FG

I meant, that I do not use any indicators: I simply look at price action. Tick charts did not work for me. I use 5 min , 15, 30 and 60 min. Once I had been watching charts entire session for few weeks, I noticed how waves move and patterns: they constantly repeat. Higher the time frame: easier to see. Unfortunately: higher the risk. Once they all sink: I take the trade. Fibs work for me, but it requires increidbly discipline: I take max 3 trades a day.

Backtesting Is Everything: if you see something, that clicks: backtest at least few hundred trades: document all and cement your strategy on demo for at least 3 months, documenting each and every trade im your journal.

Hope this helps!

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Old March 25th, 2011, 11:13 PM   #1554 (permalink)
Elite Member
Irvine, CA
 
Futures Experience: Intermediate
Platform: Ninjatrader
Favorite Futures: Piano, ES, GC, CL, NQ, 6E
 
Posts: 21 since Feb 2011
Thanks: 5 given, 4 received

Hello

Hello Mike,

I really like your format here. Its great to see so many people working together. I just got into trading about 2 years ago based on interest from a buddy. Ive been testing and developing a system for some time and am just finishing up some custom indicator and strategy coding for NT. Look forward to contributing to the page.

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Old March 26th, 2011, 05:39 PM   #1555 (permalink)
Elite Member
Sierra Vista
 
Futures Experience: Intermediate
Platform: Ninja Trader, TOS
Broker/Data: Mirus Futures/Zen-Fire, TOS. TD Ameritrade
Favorite Futures: ES, TF, Index and Stock Options
 
Posts: 2 since Feb 2011
Thanks: 11 given, 15 received

New to the Site

Futures Edge on FIO

Are you a NinjaTrader user?

 
Hello Everyone,

I've been lurking here for about a month getting a feel for the place so to speak, it really seems like a great bunch of folks and a great place to hang out. I've been trading for awhile now, probably close to 30 years off and on. I started with Funds and Stocks way back when I was in HS and even was doing a sort of roll your own trend following system in the 1980's when a friend and I programmed our own system using an early IBM PC that was based on moving averages. This was before real time charting and data tools where even commonly available to the public.

Like many people I've tried just about everything from soup to nuts. Sometimes what I was doing worked for awhile and made money...I said for awhile but in the end I failed to really make a success out of trading, success being defined now as being able to keep the money in my account vs giving it all back to the market and keep a consistent cash flow that will last for years not months. I've had successes making money like I said but somehow all but failed to keep it. I can't put my finger on why this happens excatly...discipline in my approaches? Psychology? Money Management, Greed, Fear? I have however had some spectacular failures and like many I have blown out several accounts. I don't know if this is everyones experience but after blowing out an account and facing all the self doubt that come with that I gave up trading often for years and then each time once I had put considerable time and distance between myself and those unhappy events I would retun to trying to trade again and improve on what happened. I'm concerned though that instead of getting back up on the horse again right away I waited for long periods, as I say several years before I ventured out into the water again.

Over the years I've read most of the best selling books on trading, TA, Sytems, Psychology and even spent a a great deal of money (when I was winning) on courses and software. Success in trading however is an elusive and ficlke thing and of course I no longer believe that success comes from any book although they can give you ideas. Success IMHO only comes from rolling up your sleeves, strapping on your armor and doing battle with the markets on a daily basis....in pilot speak its time in the left seat that counts.

One thing that has seemed to pass the test of time in terms of my trading is that along the way I learned how to trade options. I started out in the usual way trying to teach myself, blew out that account and said ok I need help and went out and got professional mentoring where I learned a great deal about risk management and that is pretty much what I have been sticking to as the core of what I trade doing mostly (montly income spread trades in my IRA). However I do this very conservatively in terms of what I trade and how I trade in this account.

Over time I have come to appreciate trading as a business and I have adopted a lot of rules and even put up firewalls between myself and my trading to try to minimize bad habits and enforce trading discipline on myself.

One of the things that I have been interested in doing over the years is learning how to trade using shorter term time horizons and different vehicles other than options. I live out West so due to time zones I have a favorable window to trade the /ES and other emini contracts in the evening hrs during the period when the Asian Markets are open and also the first hour of the normal market hours. I have a full time job but I also believe its possible to trade the /ES or /TF successfully during that first hour period so I have spent considerable time looking exclusively at Opening Range Breakout Type Systems....funny years ago, 1993 or so, I purchased Toby Crabell's book on Day Trading with Short Term price patterns. I read it and put it away and it sat on my bookshelf for years and about a year ago I pulled it out and started studying it again this time paying a lot closer attention.

Anyway, I have thrown away all my indicators and pretty much only look at Naked Charts now and use just price action. I've have been paper trading the /ES mini's for over a year now and keeping my head above water on that and I feel that I have been doing well enough at it to begin to trade with real money although I don't have a firm date for this yet. One of the tools that I have been using more recently, and I would like to develop more expertise in are Market Profile and Volume Profile and also a friend has introduced me to Market Delta a few months ago. Its a challenge trying to cram all this into my small bears brain but I am trying and I am getting a lot better at spotting the obvious levels generated by MP/VP and now I am trying to learn the ins and outs of analyzing order flows. I have one simple goal from this....I'd like to trade a small account using 1-2 lots and simply learn how to do that profitably over a long period of time. What is important to me is being able to execute well on the trades and use proper money management to keep myself winning more trades than I loose, if I can do this successfully I figure that the profits will come of their own accord. IF after a time frankly if I could do this to a point where I was able to make $50 per day on average I would be thrilled.

Anyway I hope that I can connect with other people who are also going through challenges with this and perhaps some of the seasoned vets might help point me in the right direction and kindly share some of their wisdom with me.

Thanks

Scott

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Old March 26th, 2011, 05:43 PM   #1556 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 45,547 since Jun 2009
Thanks: 28,886 given, 80,160 received



Nice to have all of you here.

Come in, take a load off, make yourself comfortable. I look forward to positive, helpful discussions and debates.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

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Old March 26th, 2011, 08:52 PM   #1557 (permalink)
Elite Member
Cucamonga, CA
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: Optimus & Rithmic
Favorite Futures: TF
 
kalalex's Avatar
 
Posts: 197 since Mar 2011
Thanks: 223 given, 125 received

an OLD newbie here.

First got introduced to futures trading in 1990, got burned, left the scene for 20 years.

I don't know why but I just got this trading fever again a few weeks ago.

This time I'll try to take some time before I jump in.

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Old March 28th, 2011, 12:51 AM   #1558 (permalink)
Just starting out...
Tucson, AZ
 
Futures Experience: Intermediate
Platform: Thinkorswim
Favorite Futures: UNITED STATES
 
Posts: 2 since Mar 2011
Thanks: 0 given, 0 received

Hi all, I'm just a beginner at thinkscript but have been using TOS for awhile. Looking forward to automating more of what I do!

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Old March 28th, 2011, 04:54 PM   #1559 (permalink)
Trading Apprentice
Los Angeles, California
 
Futures Experience: None
Platform: Ninja Trader
Favorite Futures: oil, gold
 
Posts: 34 since Mar 2011
Thanks: 0 given, 6 received

Hello

Hey everybody, I'm John Lancaster and I've been trading for about a year and I'm not getting the results I'd like to get. I use Ninja Trader.

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Old March 28th, 2011, 09:58 PM   #1560 (permalink)
Elite Member
Rockland county , New York
 
Futures Experience: Intermediate
Platform: NT 7
Favorite Futures: CL, 6E, SI, ZC
 
whatnext's Avatar
 
Posts: 235 since Mar 2011
Thanks: 340 given, 78 received

Hello BMT


My names Josh. I'm starting to trade futures on NT and have been picking stocks for years through a broker due to time constraints that are no longer an issue.

You have a great site here! I've already benefited from some vids as a guest.

Thank you Big Mike and good luck to everyone.

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