Trading PA Practice - trading the right edge - Beginners and Introductions | futures io social day trading
futures io futures trading


Trading PA Practice - trading the right edge
Updated: Views / Replies:7,312 / 57
Created: by benbrooke Attachments:21

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Closed Thread
 21  
 
Thread Tools Search this Thread
 

Trading PA Practice - trading the right edge

  #11 (permalink)
 Vendor: www.tradersforce.com 
Dallas,tx
 
Futures Experience: Advanced
Platform: Market Delta
Broker/Data: Velocity /TT
Favorite Futures: ES
 
benbrooke's Avatar
 
Posts: 430 since Aug 2009
Thanks: 216 given, 484 received

David ,

its an option!

but the idea of this exercise is not reallying on any indicator , what will happen if pricing come after a crash and you dont have pivot there or is the market is at all time high and you dont have any resistance ?

I think that if you spot a trend join the trend! this is were the big money is !

Keep on sowing your seed, for you never know which will grow -- perhaps it all will.

-- Albert Einstein
 
  #12 (permalink)
Elite Member
San Jose, Ca
 
Futures Experience: Beginner
Platform: Ninja
Broker/Data: AMP/CQG
Favorite Futures: Something moving
 
David_R's Avatar
 
Posts: 1,510 since Nov 2009
Thanks: 2,267 given, 2,371 received

Ben, I agree. My meaning about the pivot level was in context of your example, that if price is short or just under a key level there is a high probability that it will hit that level. I think. But I understand what you are saying completely.

I got you message and will call either Sunday or next week. Ok.

David

 
  #13 (permalink)
 Vendor: www.tradersforce.com 
Dallas,tx
 
Futures Experience: Advanced
Platform: Market Delta
Broker/Data: Velocity /TT
Favorite Futures: ES
 
benbrooke's Avatar
 
Posts: 430 since Aug 2009
Thanks: 216 given, 484 received

New puzzle


so here is the second puzzle

I marked trend lines on the 15Min chart (top) and 5 Min chart (bottom)

so what will happen next ????

thanks for your participation (and again no cheating )

ben

Keep on sowing your seed, for you never know which will grow -- perhaps it all will.

-- Albert Einstein
Attached Thumbnails
Trading PA Practice - trading the right edge-q2.png  
The following 3 users say Thank You to benbrooke for this post:
 
  #14 (permalink)
Elite Member
San Jose, Ca
 
Futures Experience: Beginner
Platform: Ninja
Broker/Data: AMP/CQG
Favorite Futures: Something moving
 
David_R's Avatar
 
Posts: 1,510 since Nov 2009
Thanks: 2,267 given, 2,371 received

Ben,

My opinion is that the market will break the trend line and move higher. I base that on the volume readings on the 5 minute in conjunction with what the candles sticks are doing.

How did i do?

David

 
  #15 (permalink)
Market Wizard
virginia
 
Futures Experience: Intermediate
Platform: ninja
Favorite Futures: ES
 
cory's Avatar
 
Posts: 5,218 since Jun 2009
Thanks: 628 given, 6,316 received
Forum Reputation: Legendary

next direction is still down as price is still lower than prev high, there was the double bottom but price has traveled quite a distance from there.

Attached Thumbnails
Trading PA Practice - trading the right edge-down.png  
 
  #16 (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: 46,240 since Jun 2009
Thanks: 29,352 given, 83,233 received

Best thing to do is just like last time. Wait for the following candle for confirmation if the TL will be broken or respected. There is no need to rush into it.

Also it's hard to do with your chart because there is no time stamp, and I use time of day as part of my rules. For instance that big volume push on the last bar or two could be the open, or it could signal a change of momentum.

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.

 
  #17 (permalink)
 Vendor: www.tradersforce.com 
Dallas,tx
 
Futures Experience: Advanced
Platform: Market Delta
Broker/Data: Velocity /TT
Favorite Futures: ES
 
benbrooke's Avatar
 
Posts: 430 since Aug 2009
Thanks: 216 given, 484 received

Mike

good point on the time stamp for the next puzzle i will add time of the day

BTW assume that you have to take a trade right here what will it be?



Keep on sowing your seed, for you never know which will grow -- perhaps it all will.

-- Albert Einstein
The following user says Thank You to benbrooke for this post:
 
  #18 (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: 46,240 since Jun 2009
Thanks: 29,352 given, 83,233 received


benbrooke View Post
Mike

good point on the time stamp for the next puzzle i will add time of the day

BTW assume that you have to take a trade right here what will it be?



But I don't have to. Discretion and patience are key.

Hypothetically and pure gambling: you go short until proven otherwise (until the TL has failed with two legs).

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.

The following user says Thank You to Big Mike for this post:
 
  #19 (permalink)
 Vendor: www.tradersforce.com 
Dallas,tx
 
Futures Experience: Advanced
Platform: Market Delta
Broker/Data: Velocity /TT
Favorite Futures: ES
 
benbrooke's Avatar
 
Posts: 430 since Aug 2009
Thanks: 216 given, 484 received

Mike ,

agree 1000000% with you on patience so lets me put it in a different way

so you were short at the top of the move and now you have runner left what do you do? do you add to position or bailing out?

Keep on sowing your seed, for you never know which will grow -- perhaps it all will.

-- Albert Einstein
 
  #20 (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: 46,240 since Jun 2009
Thanks: 29,352 given, 83,233 received



benbrooke View Post
Mike ,

agree 1000000% with you on patience so lets me put it in a different way

so you were short at the top of the move and now you have runner left what do you do? do you add to position or bailing out?

Neither, not until the next bar is finished, and maybe not even then. Especially since this appears to be the third tap, at least, against the TL. Each tap that goes by increases the chance of a TL break.

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.


Closed Thread



futures io > > > > Trading PA Practice - trading the right edge

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Mavericks PA Eric j Elite Trading Journals 242 November 10th, 2011 12:51 AM
Edge's Trading Journal EDGE Elite Trading Journals 29 March 12th, 2011 12:20 AM
Mental Edge : Drawdowns - A Fact of the Trading Life max-td Psychology and Money Management 1 September 27th, 2010 07:09 AM
Trading with an edge - what does it mean to you ? trendisyourfriend Psychology and Money Management 22 September 14th, 2010 07:39 AM
Trading PA with 20BB and Volume pattern indicator benbrooke Trading Journals 163 March 20th, 2010 02:29 AM


All times are GMT -4. The time now is 05:12 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-14 in 0.14 seconds with 20 queries on phoenix via your IP 54.221.73.186