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Introduce yourself here!
Started:June 10th, 2009 (08:43 PM) by Big Mike Views / Replies:531,381 / 7,063
Last Reply:21 Hours Ago (05:26 AM) 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.

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Introduce yourself here!

Old January 1st, 2010, 06:35 AM   #451 (permalink)
Just starting out...
columbus, Ohio
 
Futures Experience: Intermediate
Platform: ninjatrader
Broker/Data: IB
Favorite Futures: ES,stocks
 
Posts: 1 since Jan 2010
Thanks: 0 given, 0 received

My Introduction

Hi to All:

Good to be at this forum.

As others here, I am on a similar path.
My trading has evolved in a positive direction
especially since starting to practice good
money management.

Much more room for growth though.

terrance

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Old January 1st, 2010, 12:29 PM   #452 (permalink)
VIP Member
Eu
 
Futures Experience: Beginner
Platform: Ninja
 
Posts: 2 since Jun 2009
Thanks: 3 given, 0 received

Hi Big Mike,

Thank you! Nice to be here and be a part of this comunity. You've done an amazing job!I did traded stock and this last yeat I try to trade futures itraday.
Not so muct time for trading but I'm lerning a lot from the forum.

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Old January 1st, 2010, 12:42 PM   #453 (permalink)
Just starting out...
Marco Isl
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Gain/Zen-Fire
Favorite Futures: GBPUSD
 
Posts: 2 since Dec 2009
Thanks: 1 given, 0 received



Hi Mike

I like your forum.

I have been studying the Elliot wave and Fibonatti and Now I am busy studying the Harmonic technique, (butterfly and Gartley pattern. I have been studying and simulating for 3 years now.

Profittrader

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Old January 1st, 2010, 03:36 PM   #454 (permalink)
Just starting out...
Kiev
 
Futures Experience: Beginner
Platform: MT
 
Posts: 2 since Jan 2010
Thanks: 0 given, 0 received

Hi !

My name is Nacho. I started trading about 6 months ago, and as usual it was not a very beginning . After some time I started to control my reactions also and now I'm making some money but still wanting to learn more all the time.
I'm trading now in Metatrader and with some programs but looking forward to migrate to Ninja to add to strategies Volume.

Hope to hear from you all.
Best regards!

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Old January 1st, 2010, 03:54 PM   #455 (permalink)
Trading Apprentice
sarasota fl
 
Futures Experience: Intermediate
Platform: esignal ninja trader
Broker/Data: IB esignal
Favorite Futures: eur/usd
 
Posts: 39 since Dec 2009
Thanks: 30 given, 14 received

Futures Edge on FIO
Welcome I too started with TI and it did not help me to trade as much as I would have liked. They have few what i call universal set ups that can be used only if you learn to use Price action. Do not give up trading go back to sim every thing learned at TI will become clearer. [lol that took me way too long] I suggest to start with the price action and volume threads. A careful study of these will provide the keys to the kingdom. A good mentor will show you how to use them quicker. Ask the people here before you check something out. The nice thing about TI is now you know what you do not need any more of. My guess is that just about every method/ course has been taken by some one in this forum.

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Old January 1st, 2010, 05:08 PM   #456 (permalink)
Just starting out...
Kiev
 
Futures Experience: Beginner
Platform: MT
 
Posts: 2 since Jan 2010
Thanks: 0 given, 0 received

I dont know what you mean with TI ... can you clarify it please?
I started with metatrader ...

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Old January 1st, 2010, 05:53 PM   #457 (permalink)
Trading Apprentice
sarasota fl
 
Futures Experience: Intermediate
Platform: esignal ninja trader
Broker/Data: IB esignal
Favorite Futures: eur/usd
 
Posts: 39 since Dec 2009
Thanks: 30 given, 14 received

Sorry the response was intended for another. I must have pressed the wrong reply

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Old January 1st, 2010, 07:07 PM   #458 (permalink)
 Vendor: www.ezcolortrading.com 
Cambridge, Ontario
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Zen-Fire
Favorite Futures: 6E
 
Posts: 1,773 since Dec 2009
Thanks: 1,258 given, 1,194 received


Gambler67 View Post
Hi Beth,

Thanks for your mail. I dont know if my current email add. can accomodate 9MB.

The trading plan does not seem to be a problem. I think the problem is that the markets have already moved during premarket and by the time, I start during the market hours, the market becomes too violent, and takes out my stops. I have even increased my stops, but have instead increased my losses.

Do you have any startegies or methods that seem to work? Until know only TI and the brokers have made made any money.

Thanking you. Have a Happy and Prosperous New year.

Kind regards,

Mahesh

Hi Mahesh

Thanks for your best wishes. Yours will be a Healthy & Successful one too!

Let me share a little bit on what I am currently doing (after months of learning and research):

1. Trading Plan

I have specific instruments that I will trade with the maximum exposure + profit targets, stop loss and timeline. For example,

i) Credit Spreads/Iron Condors, eg SPX, CME and RUT - maximum exposure $5,000, expected profit target $250-$500, stop loss (when the delta exceeds 0.25) .. ..

ii) Naked Put, eg UNG, AZONE and MFA (Important that I am prepared to own the stocks if assigned.)

iii) Equity Stocks - maximum exposure $2,000, expected profit target 5-10%, stop loss 5-10%, timeline max 1 month

iv) Futures, eg ES and YM - maximum 3 trades per day, expected profit target $100-$150/day, maximum weekly loss $200 (if hit, sim trade only)

2. Daily Game Plan

i) Monitor the current position and consider new trades for items i)-iii) above

ii) Daytrade Futures based on the main trading system (currently I sim trade only)

Note: I have written notes/tips on my Futures trading systems (I have more than one as I am testing them before deciding on the most appropriate one).

To trade successfully on a consistent basis, there're lots to learn. Increasing your SL constantly is not the answer because risk-reward ratio is one of the important factors to justify a trade. For example, I am using an intial 6-tick SL for a 4-tick target of ES (1.5:1). Once I am in a trade and it's not working within 3 minutes or I get a warning, I will try to get out breakeven or give 1-2 ticks to the market. I will do my best not to have my SL get hit. In other words, my risk-reward ratio is very low and within my comfort zone.

After reading your response, I am not sure if you have a trading system that is proven to be 70-75% profitable most of the time? For example, based on what rules or signals will you enter into a trade (when, what, who, why and how). If the market you pick is too volatile for you, you may reconsider a different market. Fear is detrimental to one's psyche when trading.

I remember there're threads in the Big Mike Trading Forum that will fill the gaps. Please go through them.

Happy & Successful Trading!

Beth

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The following 2 users say Thank You to wgreenie for this post:
     

Old January 1st, 2010, 07:14 PM   #459 (permalink)
 Vendor: www.ezcolortrading.com 
Cambridge, Ontario
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Zen-Fire
Favorite Futures: 6E
 
Posts: 1,773 since Dec 2009
Thanks: 1,258 given, 1,194 received


Big Mike View Post
The forum can accept very large attachments in posts so they can be shared with all members. Please create a new thread or upload non-commercial books to the File Sharing section under Educational.

Mike

Thanks Mike for your suggestion. There're 2 e-Books that my friend shared with me (he got them from his publishing friend). I will check with him if it's okay to post them under Educational.

There're books I am a little reluctant to upload though do not mind emailing them separately ..

Happy New Year!

Beth

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Old January 2nd, 2010, 02:02 AM   #460 (permalink)
Elite Member
Chicago
 
Futures Experience: Intermediate
Platform: NinjaTrader, MBTDesktop
Broker/Data: Manduca/Rithmic, MBTrading.com, e-futures
Favorite Futures: ES NG
 
gdplus1's Avatar
 
Posts: 30 since Dec 2009
Thanks: 34 given, 25 received


Hello!

I am programmer by job.
Sim traded successfully couple of months and started Day trading YM, TF, ES from July '09. Blew up account 3 times.

Found this forum in internet search and looks promising for any new trader in the arena.

Thank You Mike for starting this forum.

Regards.

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